Cleaves Securities analyst Joakim Hannisdahl maintained a Sell rating on Nordic American Tanker (NAT) on June 11 and set a price target of $1.60. The company’s shares closed last Monday at $4.70.
According to TipRanks.com, Hannisdahl is a 1-star analyst with an average return of -1.7% and a 46.0% success rate. Hannisdahl covers the Services sector, focusing on stocks such as International Seaways, Eagle Bulk Shipping, and Star Bulk Carriers.
Currently, the analyst consensus on Nordic American Tanker is a Hold with an average price target of $4.70.
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Based on Nordic American Tanker’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $86.18 million and net profit of $39.55 million. In comparison, last year the company earned revenue of $53.63 million and had a net profit of $5.64 million.
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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.
