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Wells Fargo Revised the Target Prices for NAT, EURN, and FRO

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Revisions

In week 44 (week ending November 3), Wells Fargo reduced the target price for Nordic American Tankers (NAT) to $3.5 from $4. It also reduced the target price for Euronav (EURN) and Frontline (FRO). Euronav’s target price was reduced to $9 from $9.25, while Frontline’s target price was reduced to $6 from $6.5.

In week 43, Evercore reduced the target price for Tsakos Energy Navigation (TNP) to $6.5 from $7. Nordic American Tankers’ target price was cut to $4.5 from $5. Evercore reduced the target price for Gener8 Maritime Partners (GNRT) to $6 from $6.5. Evercore raised Frontline’s target price to $5.5 from $4. Evercore also raised Euronav’s target price to $10 from $9. In week 42, Citigroup raised the target price for Navios Maritime Midstream Partners (NAP) to $8 from $7.

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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 7, 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 0.2% from the market price of $6.19 on November 7, 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 40.7% from the market price of $4.67 on November 7, 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 51.7% from the market price of $1.43 on November 7, 2017.
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