Crude Tanker Companies: Analysts’ Recommendations in Week 50

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.