Nordic American Tanker (NAT) Receives a Sell from Maxim Group

By Jason Carr

In a report released today, James Jang from Maxim Group maintained a Sell rating on Nordic American Tanker (NATResearch Report), with a price target of $1. The company’s shares opened today at $3.22.

Jang said:

“Nordic American Tankers (NAT) reported 3Q18 results this morning before the open which were well below expectations. NAT reported a miss on the top-, and bottom-lines, with revenues of $23.2M, and operating loss of ($0.26).”

According to TipRanks.com, Jang is a 5-star analyst with an average return of 15.3% and a 48.7% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Eagle Bulk Shipping, and Pyxis Tankers Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Nordic American Tanker with a $2.48 average price target.

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The company has a one-year high of $4.38 and a one-year low of $1.82. Currently, Nordic American Tanker has an average volume of 1.07M.

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Nordic American Tankers Ltd. is a 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.