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Analyst Ratings for Nordic American Tankers before Its 3Q Results

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Consensus is “hold”

Currently, eight analysts give recommendations on Nordic American Tankers. Six analysts (75% of total) have “hold” recommendations, and two (25% of total) have “sell” recommendations on the stock. The consensus target price is $9.65, which implies an upside of 14% from the market price of $8.45 on October 28, 2016. Drewry Financial Services is the most bullish on NAT stock, with a “neutral” rating and a target price of $13.90. Jefferies, on the other hand, has the lowest target price of $7.

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Recent changes

In the first week of October, Clarksons Platou Securities downgraded Nordic American Tankers (NAT) to “neutral” from “buy,” in anticipation of a significant cut in its variable dividend. The firm also reduced the company’s target price to $10 from $15. Evercore reduced NAT’s target price to $8 from $12 and maintained its “hold” rating.

Peers

Wall Street analysts’ recommendations for other crude (DBO) tanker companies are as follows:

  • of the 24 analysts covering Euronav (EURN), 17 (71%) gave it “buy” recommendations, 29% gave it “hold” recommendations, and only one analyst (4%) gave it a “sell” recommendation
  • of the 18 analysts covering DHT Holdings (DHT), 44% gave it “buy” recommendations, 56% gave it “hold” recommendations, and none gave it a “sell” recommendation
  • of the 19 analysts covering Frontline (FRO), 26% gave it “buy” recommendations, 47% gave it “hold” recommendations, and 26% gave it “sell” recommendations
  • of the 13 analysts covering Tsakos Energy Navigation (TNP), 11 (85%) gave it “buy” recommendations and two (15%) gave it “hold” recommendation.
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