After looking at various indicators in this series, we’ll take a look at price target revisions by analysts for crude tanker companies along with consensus recommendations.
In May 2017, Citi Group reduced the target price for Gener8 Maritime (GNRT) to $7 from $8. Out of the nine analysts that cover Gener8 Maritime, three analysts give the company a “strong buy, ” and four analysts gave it a “buy.” Two analysts gave it a “hold” rating. None of the analysts recommended a “sell” or “strong sell” for the stock. DHT Holdings (DHT), Navios Maritime Midstream Partners (NAP), Tsakos Energy Navigation (TNP) also don’t have any “sell” or “strong sell” ratings. Gener8 Maritime has a consensus 12-month target price of $7.29, which implies a potential upside of 51.6%.
Nordic American Tankers
Maxim Group reduced the target price for Nordic American Tankers (NAT) to $5 from $6. Also, Jefferies, which has an “underperform” rating on NAT, reduced its target price to $5 from $7.
None of the analysts recommended a “buy” or “strong buy” for Nordic American Tankers. Six analysts had “hold” ratings on the stock. One analyst recommended a “sell,” while two analysts recommended a “strong sell.” Analysts haven’t revised these ratings since the start of the year. Nordic American Tanker has a consensus 12-month target price of $6.22, which implies a potential upside of 8.4%.