No changes

None of the analysts revised their recommendations and target prices for crude tanker companies in week 50 which ended on December 15, 2017.

Crude Tanker Companies: Analysts’ Recommendations in Week 50

Week 48 and week 49

In week 49, Deutsche Bank raised Frontline’s (FRO) target price to $5 from $3. In week 48, Tsakos Energy Navigation’s (TNP) target price was reduced by JPMorgan Chase to $6 from $7. Tsakos Energy Navigation’s target price was reduced by Evercore to $5 from $6.5.

Week 47

In week 47, Morgan Stanley reduced Frontline’s target price to $5 from $5.50.

Consensus ratings

  • Of the nine analysts covering Nordic American Tankers (NAT), none of them are bullish on the stock. About 55% of them are neutral, while 45% are bearish. The consensus target price is $4.02, which implies a potential upside of 49.4% from the market price of $2.69 on December 15, 2017.
  • Five analysts gave recommendations for Frontline. Of the analysts, 20% are bullish on the stock, ~60% are neutral, and 20.0% are bearish. The consensus 12-month target price is $5.75, which implies a potential upside of 22.3% from the market price of $4.7 on December 15, 2017.
  • Seven analysts gave recommendations for Gener8 Maritime Partners (GNRT). Of the analysts, 72% are bullish and 28% are bearish on the stock. The consensus 12-month target price is $6.08, which implies a potential upside of 35.7% from the market price of $4.48 on December 15, 2017.
  • Ten analysts gave recommendations on Teekay Tankers (TNK). Of the analysts, 30% are bullish, 50% are neutral, and 20% are bearish on the stock. The 12-month consensus target price is $2.10, which implies a potential upside of 41.9% from the market price of $1.48 on December 15, 2017.

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