Nordic American Tanker Gets a Sell Rating from Jefferies

By Carrie Williams

Jefferies analyst Douglas Mavrinac reiterated a Sell rating on Nordic American Tanker (NYSE: NAT) today and set a price target of $5. The company’s shares closed on Friday at $6.35, close to its 52-week high of $14.07.

According to TipRanks.com, Mavrinac is a 5-star analyst with an average return of 9.0% and a 54.7% success rate. Mavrinac covers the Services sector, focusing on stocks such as Navios Maritime Partners Lp, Ship Finance International, and Golden Ocean Group Limited.

Nordic American Tanker has an analyst consensus of Moderate Sell, with a price target consensus of $5.

The company has a one year high of $14.07 and a one year low of $5.47. Currently, Nordic American Tanker has an average volume of 1.33M.

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Nordic American Tankers Ltd. is a tanker company. It owns and operates Suezmax crude oil tankers. The company was founded on June 12, 1995 by Herbjørn Hansson and is headquartered in Hamilton, Bermuda.