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Analysts’ Recommendations for Crude Tankers in Week 41

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Week 41

The crude (DBO) tanker index rose in week 41. Aframax rates had enormous gains, while VLCC (very large crude carrier) and Suezmax rates also rose during the week. In this part, we’ll discuss analysts’ recommendations for crude oil tankers and recent revisions.

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Revisions

In the past four weeks, none of the analysts revised their target prices for crude tanker companies. Maxim Group reduced Tsakos Energy Navigation’s (TNP) target price to $6 in week 37.

Analysts’ 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, while 45.0% are bearish. The consensus target price is $5.5, which implies a potential upside of 0.7% from the market price of $5.46 on October 16, 2017.
  • Five analysts gave recommendations for Frontline (FRO)—20.0% are bullish, 60.0% are neutral, and 20.0% are bearish on the stock. The consensus 12-month target price is $6, which implies a potential downside of 4.2% from the market price of $6.26 on October 16, 2017.
  • Seven analysts gave recommendations for Gener8 Maritime Partners (GNRT)—72.0% are bullish and 28.0% are bearish on the stock. The consensus 12-month target price is $6.65, which implies a potential upside of 30.6% from the market price of $5.09 on October 13, 2017.
  • Ten analysts gave recommendations on Teekay Tankers (TNK)—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 29.2% from the market price of $1.68 on October 13, 2017
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