uploads///Analyst Recco

Analysts Revised the Target Price for Teekay Tankers and NAT

By

Nov. 15 2017, Updated 7:31 a.m. ET

Revisions

In week 45, which ended on November 10, 2017, Teekay Tankers’ (TNK) target price was cut to $1.3 from $1.6 by Bank of America Merrill Lynch. Morgan Stanley reduced the target price for Nordic American Tankers (NAT) to $5 from $6.5. Evercore reduced the target price for Nordic American Tankers to $4 from $4.5.

In week 44, Wells Fargo revised the target prices for crude tanker companies.

  • Nordic American Tankers’ target price was reduced to $3.5 from $4.
  • Euronav’s target price was reduced to $9 from $9.25.
  • Frontline’s target price was reduced to $6 from $6.5.

In week 43, Evercore revised the target prices for crude tanker companies.

  • Tsakos Energy Navigation’s (TNP) target price was cut to $6.5 from $7.
  • Gener8 Maritime Partners’ (GNRT) target price was reduced to $6 from $6.5
  • Frontline’s (FRO) target price was raised to $5.5 from $4.
  • Euronav’s (EURN) target price was raised to $10 from $9.
Article continues below advertisement

Consensus ratings

  • Of the nine analysts covering Nordic American Tankers, none of the analysts are bullish on the stock. About 55.0% of the analysts are neutral, while 45.0% are bearish. The consensus target price is $4.35, which implies a potential upside of 2.8% from the market price of $4.23 on November 10, 2017.
  • Five analysts gave recommendations for Frontline—20.0% of the analysts are bullish, 60.0% are neutral, and 20.0% are bearish on the stock. The consensus 12-month target price is $6.2, which implies a potential upside of 3.5% from the market price of $5.99 on November 10, 2017.
  • Seven analysts gave recommendations for Gener8 Maritime Partners—72.0% are bullish and 28.0% are bearish on the stock. The consensus 12-month target price is $6.57, which implies a potential upside of 37.7% from the market price of $4.77 on November 10, 2017.
Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.