Nordic American Tankers (NYSE:NAT) Receives Hold Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of Nordic American Tankers (NYSE:NAT) in a research note issued to investors on Friday,Benzinga reports. Jefferies Financial Group currently has a $3.00 price target on the shipping company’s stock.

Separately, StockNews.com cut shares of Nordic American Tankers from a “hold” rating to a “sell” rating in a research note on Thursday.

Nordic American Tankers Stock Performance

NAT opened at $2.46 on Friday. The stock has a market capitalization of $512.59 million, a price-to-earnings ratio of 8.47 and a beta of -0.31. The company has a fifty day moving average of $2.66 and a 200 day moving average of $3.09. Nordic American Tankers has a fifty-two week low of $2.41 and a fifty-two week high of $4.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.56 and a current ratio of 0.73.

Nordic American Tankers (NYSE:NAT) last issued its quarterly earnings data on Friday, November 29th. The shipping company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Nordic American Tankers had a return on equity of 11.95% and a net margin of 26.41%. As a group, sell-side analysts forecast that Nordic American Tankers will post 0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nordic American Tankers

A number of institutional investors and hedge funds have recently made changes to their positions in the business. WealthTrust Axiom LLC grew its stake in shares of Nordic American Tankers by 0.7% in the 4th quarter. WealthTrust Axiom LLC now owns 652,683 shares of the shipping company’s stock worth $1,632,000 after buying an additional 4,665 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Nordic American Tankers by 1.1% in the 4th quarter. Rhumbline Advisers now owns 483,457 shares of the shipping company’s stock worth $1,209,000 after acquiring an additional 5,439 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Nordic American Tankers by 41.4% in the 4th quarter. Xponance Inc. now owns 18,586 shares of the shipping company’s stock worth $46,000 after acquiring an additional 5,439 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Nordic American Tankers by 8.4% in the 4th quarter. SG Americas Securities LLC now owns 75,107 shares of the shipping company’s stock worth $188,000 after acquiring an additional 5,811 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Nordic American Tankers by 20.1% in the 4th quarter. Legal & General Group Plc now owns 40,074 shares of the shipping company’s stock worth $100,000 after acquiring an additional 6,712 shares during the last quarter. 44.29% of the stock is owned by hedge funds and other institutional investors.

About Nordic American Tankers

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 20 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.