Shares of Nordic American Tankers Ltd. (NYSE:NAT) saw unusually-high trading volume on Thursday . Approximately 1,349,024 shares traded hands during trading, a decline of 10% from the previous session’s volume of 1,491,623 shares.The stock last traded at $13.21 and had previously closed at $13.65.

NAT has been the topic of a number of recent analyst reports. Vetr cut Nordic American Tankers from a “strong-buy” rating to a “buy” rating and set a $15.56 price target on the stock. in a report on Monday, March 14th. Zacks Investment Research raised Nordic American Tankers from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, April 27th. Jefferies Group cut Nordic American Tankers from a “hold” rating to an “underperform” rating and cut their price target for the company from $12.00 to $10.00 in a report on Tuesday, May 10th. Finally, ABN Amro cut Nordic American Tankers from a “buy” rating to a “sell” rating in a report on Thursday, June 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $14.20.

The company has a market cap of $1.17 billion and a price-to-earnings ratio of 10.03. The company’s 50-day moving average price is $14.58 and its 200-day moving average price is $14.10.

Nordic American Tankers (NYSE:NAT) last posted its quarterly earnings data on Monday, May 9th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. During the same quarter in the prior year, the company posted $0.34 EPS. Equities research analysts expect that Nordic American Tankers Ltd. will post $1.21 EPS for the current fiscal year.

Several hedge funds and institutional investors recently bought and sold shares of NAT. State Board of Administration of Florida Retirement System increased its position in Nordic American Tankers by 17.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 85,759 shares of the company’s stock valued at $1,333,000 after buying an additional 12,710 shares during the last quarter. California State Teachers Retirement System boosted its stake in Nordic American Tankers by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 165,265 shares of the company’s stock worth $2,568,000 after buying an additional 2,586 shares during the last quarter. Rhumbline Advisers boosted its stake in Nordic American Tankers by 1.9% in the fourth quarter. Rhumbline Advisers now owns 117,110 shares of the company’s stock worth $1,820,000 after buying an additional 2,160 shares during the last quarter. California Public Employees Retirement System boosted its stake in Nordic American Tankers by 7.0% in the fourth quarter. California Public Employees Retirement System now owns 204,200 shares of the company’s stock worth $3,173,000 after buying an additional 13,400 shares during the last quarter. Finally, NorthCoast Asset Management LLC acquired a new stake in Nordic American Tankers during the fourth quarter worth $5,286,000.

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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