Notable Runner: Nordic American Tanker Ltd Can’t Burn Your Long Portfolio. Has Another Strong Session

Notable Runner: Nordic American Tanker Ltd Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of Nordic American Tanker Ltd (NYSE:NAT) is a huge mover today! About 3.50 million shares traded hands or 68.27% up from the average. Nordic American Tanker Ltd (NYSE:NAT) has declined 39.45% since April 14, 2016 and is downtrending. It has underperformed by 44.13% the S&P500.
The move comes after 9 months positive chart setup for the $824.97M company. It was reported on Nov, 16 by Barchart.com. We have $12.27 PT which if reached, will make NYSE:NAT worth $247.49 million more.

Nordic American Tanker Ltd (NYSE:NAT) Ratings Coverage

Out of 4 analysts covering Nordic American Tanker Shipping (NYSE:NAT), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Nordic American Tanker Shipping has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Jefferies downgraded Nordic American Tanker Ltd (NYSE:NAT) rating on Tuesday, May 10. Jefferies has “Underperform” rating and $10 price target. The rating was downgraded by Zacks on Tuesday, September 22 to “Hold”. The rating was maintained by Jefferies on Wednesday, July 27 with “Underperform”. The stock of Nordic American Tanker Ltd (NYSE:NAT) earned “Neutral” rating by Seaport Global on Wednesday, May 4. The firm has “Buy” rating by Euro Pacific Capital given on Wednesday, August 12.

According to Zacks Investment Research, “NORDIC AMERICAN is engaged of acquiring, disposing, owning, leasing, and chartering three double hull Suezmax oil tankers.”

More notable recent Nordic American Tanker Ltd (NYSE:NAT) news were published by: Fool.com which released: “Why Nordic American Tanker Ltd Stock Is Floating 12% Higher Today” on November 10, 2016, also Fool.com with their article: “Better Buy: Textainer Group Holdings Limited vs. Nordic American Tankers Ltd.” published on May 26, 2016, Nasdaq.com published: “Nordic American Tankers Limited (NYSE:NAT) – Update / reminder” on November 07, 2016. More interesting news about Nordic American Tanker Ltd (NYSE:NAT) were released by: Fool.com and their article: “Why Nordic American Tanker Ltd.’s Shares Plunged 12% Today” published on February 08, 2016 as well as Globenewswire.com‘s news article titled: “Nordic American Tankers Limited (NYSE:NAT) Announces Underwriters’ Exercise of …” with publication date: September 30, 2016.

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