Stock Worth Mentioning: How Analysts Feel About Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) After Today’s Significant Increase?

Stock Worth Mentioning: How Analysts Feel About Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) After Today's Significant Increase?

The stock of Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) is a huge mover today! The stock increased 6.78% or $0.2 on November 25, hitting $3.15. Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) has declined 44.76% since April 22, 2016 and is downtrending. It has underperformed by 50.17% the S&P500.
The move comes after 7 months positive chart setup for the $69.30M company. It was reported on Nov, 25 by Barchart.com. We have $3.24 PT which if reached, will make NYSE:NAO worth $2.08M more.

Analysts await Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) to report earnings on February, 2. They expect $-0.38 earnings per share, down 100.00% or $0.19 from last year’s $-0.19 per share. After $-0.42 actual earnings per share reported by Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) for the previous quarter, Wall Street now forecasts -9.52% EPS growth.

According to Zacks Investment Research, “Nordic American Offshore Ltd. is an international offshore supply vessel company. The Company operates platform supply vessels (PSVs) which are part of the oil exploration business, transporting stores, provisions and equipment to offshore oil installations in such places as the North Sea, the Gulf of Mexico, the coast of Brazil and other locations where there are offshore oil activities. Nordic American Offshore Ltd. is based in Hamilton, Bermuda.”

Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down 0.53, from 0.53 in 2016Q1. The ratio is negative, as 20 funds sold all Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) shares owned while 12 reduced positions. 9 funds bought stakes while 8 increased positions. They now own 3.11 million shares or 27.48% less from 4.29 million shares in 2016Q1.
Equitec Proprietary Markets Limited Liability has 3,817 shares for 0% of their US portfolio. The New Jersey-based Blackrock Inv Ltd Liability Corporation has invested 0% in Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO). Bank Of America De, a North Carolina-based fund reported 15,159 shares. Ny State Common Retirement Fund holds 0% of its portfolio in Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) for 3,523 shares. Taylor Frigon Cap Ltd accumulated 113,791 shares or 0.56% of the stock. Renaissance Technologies Ltd Company owns 194,600 shares or 0% of their US portfolio. Morgan Stanley has invested 0% of its portfolio in Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO). Sei Invests owns 5 shares or 0% of their US portfolio. Huntington Bancshares holds 0% of its portfolio in Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) for 13 shares. Omega Advisors last reported 1.60M shares in the company. Creative Planning, a Kansas-based fund reported 1,020 shares. Ladenburg Thalmann Fincl Services has 0% invested in the company for 8 shares. Parametric Port Assocs Ltd Liability Company holds 87,432 shares or 0% of its portfolio. Kcg Inc holds 0% of its portfolio in Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO) for 16,195 shares. Barclays Public Lc has invested 0% of its portfolio in Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NYSE:NAO).

NAO Company Profile

Nordic American Offshore Limited (NAO), incorporated on October 17, 2013, operates platform supply vessels (PSV). The Firm owns approximately eight vessels. The Firm operates in the offshore support vessel market segment. The Firm has approximately two vessels under construction. The Company’s vessels operate in the North Sea in both the term and spot market.

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