Somewhat Positive Press Coverage Somewhat Unlikely to Affect Nordic American Tanker (NAT) Share Price
Media stories about Nordic American Tanker (NYSE:NAT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nordic American Tanker earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 45.039525357969 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- BRIEF-Nordic American Tankers Expects Tanker Market To Turn For Better In 2018 (feeds.reuters.com)
- Nordic American Tankers (NYSE:NAT) – The 4th Quarter 2017 report – Operational cashflow was $11.9m higher in 4Q … – GlobeNewswire (press release) (globenewswire.com)
- Nordic American Offshore Ltd.: 3 modern PSVs reactivated and will resume trading (hellenicshippingnews.com)
- Nordic American Offshore Ltd. (NYSE:NAO) – 4Q2017 Earnings Report – Dividend declared – 3 modern PSVs … – GlobeNewswire (press release) (globenewswire.com)
- Where Did Oil Prices and Bunker Fuel Prices Head in Week 5? (finance.yahoo.com)
Nordic American Tanker (NYSE NAT) opened at $1.97 on Monday. The stock has a market cap of $279.64, a PE ratio of -2.20 and a beta of 0.81. The company has a current ratio of 3.52, a quick ratio of 2.71 and a debt-to-equity ratio of 0.58. Nordic American Tanker has a 1 year low of $1.82 and a 1 year high of $8.68.
A number of analysts have commented on the stock. Maxim Group reaffirmed a “sell” rating and set a $3.00 price target (down previously from $4.00) on shares of Nordic American Tanker in a research report on Monday, October 23rd. Morgan Stanley cut their price target on shares of Nordic American Tanker from $6.50 to $5.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 8th. Zacks Investment Research raised shares of Nordic American Tanker from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. Jefferies Group raised shares of Nordic American Tanker from an “underperform” rating to a “hold” rating and set a $3.00 price target on the stock in a research report on Thursday, December 14th. Finally, Clarkson Capital raised shares of Nordic American Tanker from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Five analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Nordic American Tanker currently has an average rating of “Hold” and a consensus target price of $4.17.
About Nordic American Tanker
Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company’s Suezmaxes tankers can carry over one million barrels of oil.
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