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Week 51: Analysts’ Recommendations for Crude Tanker Companies

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None of the analysts revised their recommendations or target prices for crude (DBO) tanker companies in week 51 (week ending December 22, 2017).

Week 48 and week 49

In the previous week, none of the analysts revised their recommendations. 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.

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 56.4% from the market price of $2.57 on December 22, 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 24.7% from the market price of $4.61 on December 22, 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 downside of 2.3% from the market price of $6.22 on December 22, 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 $2.1, which implies a potential upside of 50% from the market price of $1.4 on December 22, 2017.

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