Nordic American Tanker (NAT) Gets a Buy Rating from Cleaves Securities

By Austin Angelo

Cleaves Securities analyst Joakim Hannisdahl reiterated a Buy rating on Nordic American Tanker (NATResearch Report) on August 16 and set a price target of $3.30. The company’s shares closed last Monday at $1.76, close to its 52-week low of $1.71.

According to TipRanks.com, Hannisdahl is a 1-star analyst with an average return of -4.9% and a 28.6% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Golden Ocean Group Limited, Eagle Bulk Shipping Inc, and Star Bulk Carriers.

Nordic American Tanker has an analyst consensus of Moderate Buy, with a price target consensus of $3.30.

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The company has a one-year high of $3.47 and a one-year low of $1.71. Currently, Nordic American Tanker has an average volume of 1.02M.

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Nordic American Tankers Ltd. is an international tanker company, which engages in owning and operating of Suezmax crude oil tankers. The company was founded by Herbjørn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda.