Nordic American Tankers Limited (NAT) Cut to "Strong Sell" at BidaskClub

Geronimo Vena
Agosto 13, 2017

Nisa Investment Advisors LLC increased its stake in shares of Nordic American Tankers Limited (NYSE:NAT) by 348.3% during the second quarter, Holdings Channel reports.

Several institutional investors have recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC raised its position in Nordic American Tankers Limited by 4.4% in the first quarter. Airain ltd purchased a new stake in shares of Nordic American Tankers Limited during the first quarter valued at approximately $126,000. Parametric Portfolio Associates LLC now owns 56,164 shares of the shipping company's stock valued at $459,000 after buying an additional 4,220 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Nordic American Tankers Limited by 86.8% in the first quarter. Smith Moore & CO. boosted its stake in shares of Nordic American Tankers Limited by 8.0% in the first quarter. Carl Domino Inc now owns 159,170 shares of the shipping company's stock valued at $1,302,000 after buying an additional 18,420 shares during the period.

Shares of Nordic American Tankers Limited (NYSE:NAT) opened at 5.29 on Friday. TIAA CREF Investment Management LLC now owns 264,049 shares of the shipping company's stock worth $1,674,000 after buying an additional 922 shares during the last quarter. The firm has a 50 day moving average of $5.96 and a 200 day moving average of $7.18. Nordic American Tankers Limited has a one year low of $5.25 and a one year high of $12.07. The stock's market capitalization is 548.59M, it has a 52-week low of 5.31 and a 52-week high of 12.36.

Nordic American Tankers (NYSE:NAT) previously issued its fiscal periodic earnings information on early Mon, Aug 7th. The shipping company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.13) by $0.03. Nordic American Tankers Limited earned a news impact score of 0.03 on Accern's scale. The firm had revenue of $39.10 million for the quarter, compared to analyst estimates of $42.47 million. State Street has an ownership of 1,624,244 stocks of the shipping firms shares valued at $13,646,000 after scooping up an extra 177,465 shares through out the previous quarter, Van Den Berg Management I bought a fresh position in Nordic American Tankers during the Q1 assessed at roughly $9,082,000. On average, analysts anticipate that Nordic American Tankers Limited will post ($0.39) EPS for the current year.

The business also recently announced a dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, August 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 11.34%. The ex-dividend date of this dividend is Thursday, August 10th. Nordic American Tankers Limited's dividend payout ratio (DPR) is now 2,000.00%.

WARNING: This report was first published by Rincon Hill News and is owned by of Rincon Hill News. If you are reading this news story on another publication, it was stolen and reposted in violation of global trademark and copyright legislation. The original version of this article can be viewed at https://transcriptdaily.com/2017/08/13/nordic-american-tankers-limited-nat-downgraded-to-d-at-thestreet.html. Evercore ISI cut Nordic American Tankers Limited from an "in-line" rating to an "underperform" rating and reduced their price target for the stock from $6.00 to $5.00 in a research report on Friday, July 21st.

Nordic American Tankers Limited (NYSE:NAT) was downgraded by equities research analysts at TheStreet from a "c-" rating to a "d+" rating in a research report issued to clients and investors on Thursday. Jefferies Group LLC restated a "sell" rating and set a $5.00 price objective (down from $7.00) on shares of Nordic American Tankers Limited in a report on Monday, May 8th. Five research experts recommended the company shares with a sell recommendation, five has issued a hold recommendation and 1 has given a strong buy recommendation to the share. the share presently has a average recommendation of Hold and an average price objective of $6.93.

A number of other analysts have also recently issued reports on the company. Nordic American Tankers Limited's sales was down 29.2% compared with the same period in the prior year. analysts expect that Nordic American Tankers to post ($0.39) EPS for the present financial year.

Nordic American Tankers Limited is an global tanker company.

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