Notable Mover: What’s in Nordic American Tanker Ltd After Today’s Huge Increase?

Notable Mover: What's in Nordic American Tanker Ltd After Today's Huge Increase?

The stock of Nordic American Tanker Ltd (NYSE:NAT) is a huge mover today! About 2.16M shares traded hands or 13.09% up from the average. Nordic American Tanker Ltd (NYSE:NAT) has declined 43.13% since April 8, 2016 and is downtrending. It has underperformed by 48.78% the S&P500.
The move comes after 7 months positive chart setup for the $828.39 million company. It was reported on Nov, 10 by Barchart.com. We have $14.84 PT which if reached, will make NYSE:NAT worth $546.74 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. The company was maintained on Wednesday, July 27 by Jefferies. The rating was downgraded by Zacks on Tuesday, September 22 to “Hold”. The stock has “Underperform” rating given by Jefferies on Tuesday, May 10. Euro Pacific Capital upgraded the stock to “Buy” rating in Wednesday, August 12 report. Seaport Global reinitiated the stock with “Neutral” rating in Wednesday, May 4 report.

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

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

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