Cleaves Securities analyst Joakim Hannisdahl maintained a Sell rating on Nordic American Tanker (NAT) on July 7 and set a price target of $1.40. The company’s shares closed last Wednesday at $4.24.
According to TipRanks.com, Hannisdahl is a 1-star analyst with an average return of -0.5% and a 50.6% success rate. Hannisdahl covers the Services sector, focusing on stocks such as International Seaways, Eagle Bulk Shipping, and Star Bulk Carriers.
Nordic American Tanker has an analyst consensus of Hold, with a price target consensus of $4.63.
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The company has a one-year high of $9.00 and a one-year low of $1.66. Currently, Nordic American Tanker has an average volume of 11.3M.
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Nordic American Tankers Ltd. is an international tanker company, which engages in owning and operating of Suezmax crude oil tankers. The company was founded by Herbjørn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda.
