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Week 2: Analysts’ Ratings for Crude Tanker Stocks

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Updated

Revisions

In the week ending January 12, 2018, none of the analysts revised their recommendations on crude (DBO) tanker companies.

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Week 1

In the previous week, UBS downgraded Gener8 Maritime Partners (GNRT) to “neutral” from “buy” and raised the target price to $6.75 from $6.5.

Consensus ratings

  • Of the nine analysts covering Nordic American Tankers (NAT), only one analyst gave a “buy” recommendation. About 55% of the analysts are neutral, while 33% are bearish. The consensus target price is $3.74, which implies a potential upside of 42.2% from the market price of $2.63 on January 15, 2018.
  • Six analysts gave recommendations for Frontline (FRO). Of the analysts, 17% are bullish on the stock, ~67% are neutral, and 16% are bearish. The consensus 12-month target price is $5.58, which implies a potential upside of 10.3% from the market price of $5.06 on January 15, 2018.
  • Seven analysts gave recommendations for Gener8 Maritime Partners (GNRT). Of the analysts, 57% are bullish and 43% are bearish on the stock. The consensus 12-month target price is $6.6, which implies a potential upside of 4.4% from the market price of $6.32 on January 15, 2018.
  • For Teekay Tankers (TNK), 12 analysts gave recommendations. Of the analysts, 33% are bullish, 50% are neutral, and 17% are bearish on the stock. The 12-month consensus target price is $2.02, which implies a potential upside of 46.4% from the market price of $1.38 on January 15, 2018.
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