Nordic American Tankers Ltd. (NYSE:NAT) shares saw an uptick in trading volume on Thursday . 1,349,024 shares changed 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.

Several brokerages have issued reports on NAT. Vetr downgraded Nordic American Tankers from a “buy” rating to a “hold” rating and set a $14.14 price target for the company. in a report on Monday, May 23rd. Zacks Investment Research downgraded Nordic American Tankers from a “buy” rating to a “hold” rating in a report on Friday, June 24th. Finally, Seaport Global Securities downgraded Nordic American Tankers from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Wednesday, May 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Nordic American Tankers presently has an average rating of “Hold” and an average target price of $14.20.

The stock has a market capitalization of $1.19 billion and a P/E ratio of 10.25. The firm has a 50 day moving average price of $14.57 and a 200-day moving average price of $14.09.

Nordic American Tankers (NYSE:NAT) last issued its earnings results on Monday, May 9th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. During the same period last year, the business earned $0.34 EPS. On average, analysts forecast that Nordic American Tankers Ltd. will post $1.14 EPS for the current fiscal year.

Other large investors recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Nordic American Tankers by 1.9% in the fourth quarter. Rhumbline Advisers now owns 117,110 shares of the company’s stock valued at $1,820,000 after buying an additional 2,160 shares during the period. California State Teachers Retirement System increased its stake in shares of 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 valued at $2,568,000 after buying an additional 2,586 shares during the period. New York State Common Retirement Fund increased its stake in shares of Nordic American Tankers by 4.3% in the fourth quarter. New York State Common Retirement Fund now owns 87,900 shares of the company’s stock valued at $1,366,000 after buying an additional 3,600 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of 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 period. Finally, California Public Employees Retirement System increased its stake in shares of 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 valued at $3,173,000 after buying an additional 13,400 shares during the period.

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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