Week 26: Analysts’ Ratings for Crude Tanker Companies

In week 26, which ended on June 29, none of the analysts revised their recommendations or target prices for crude tanker companies.

In week 25, Wells Fargo upgraded DHT Holdings (DHT), Frontline (FRO), and Teekay Tankers (TNK) to “outperform.” Wells Fargo also revised the companies’ target prices. DHT Holdings’ target price was raised to $7 from $5. Frontline’s target price was raised to $5.3 from $5. Analysts raised Teekay Tankers’ target price to $2 from $1.5.

In week 24, Evercore reduced the target price for Tsakos Energy Navigation to $5 from $6 and maintained an “outperform” rating. In week 23, none of the analysts revised their recommendations or target prices for crude tanker companies.

In week 22, Evercore increased Frontline’s target price to $4 from $3.5. DNB Markets maintained a “buy” rating on Frontline and a target price of 60 Norwegian kronor.

In week 21, none of the analysts revised their target prices or recommendations for crude tanker companies. In week 20, Evercore reduced Teekay Tankers’ (TNK) target price to $2 from $2.5. In week 18 and week 19, none of the analysts revised their recommendations or target prices for crude tanker companies.

In week 17, Citigroup reduced Euronav’s (EURN) target price to $10.00 from $10.50. Wells Fargo reduced Tsakos Energy Navigation’s (TNP) target price to $4 from $4.25.