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Crude Oil Tanker Update: Week 40

PART:
1 2 3 4
Part 4
Crude Oil Tanker Update: Week 40 PART 4 OF 4

Analyst Recommendations for Crude Oil Tankers in Week 40

Week 40

The crude oil tanker index remained unchanged in week 40. VLCC (very large crude carrier) rates rose, and Suezmax and Aframax rates fell in the week ended October 6, 2017. In this part of the series, we’ll look at analysts’ recommendations for crude oil tankers and analysts’ recent revisions.

Analyst Recommendations for Crude Oil Tankers in Week 40

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Revisions

None of the analysts have revised their recommendations or target prices for crude oil tanker companies in the past three weeks. However, in week 37, Maxim cut Tsakos Energy Navigation’s (TNP) target price to $6.

Analyst recommendations

  • Of the nine analysts covering Nordic American Tankers (NAT), none of them are bullish on the stock. About 55.0% of the analysts are neutral, and 45.0% are bearish. The consensus target price is $5.27, which implies a potential upside of 4.4% from the market price of $5.27 on October 9, 2017.
  • Five analysts have given recommendations for Frontline (FRO). Of those analysts, 20.0% are bullish, 60.0% are neutral, and 20.0% are bearish on the stock. The consensus 12-month target price for Frontline is $6, which implies a potential upside of 1.2% from the market price of $5.90 on October 9, 2017.
  • Seven analysts have given recommendations for Gener8 Maritime Partners (GNRT). Of those analysts, 72.0% are bullish and 28.0% are bearish on the stock. The consensus 12-month target price for the company is $6.65, which implies a potential upside of 41.8% from the market price of $4.69 on October 9, 2017.
  • Ten analysts have given recommendations on Teekay Tankers (TNK). Of those analysts, 30.0% are bullish, 50.0% are neutral, and 20.0% are bearish on the stock. The 12-month consensus target price is $2.17, which implies a potential upside of 34.0% from the market price of $1.62 on October 9, 2017.
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