Shares of Nordic American Tanker Ltd (NYSE:NAT) shot up 4.3% during mid-day trading on Monday . The company traded as high as $13.92 and last traded at $13.92, with a volume of 814,482 shares trading hands. The stock had previously closed at $13.35.

A number of equities analysts have recently commented on NAT shares. ABN Amro lowered shares of Nordic American Tanker from a “buy” rating to a “sell” rating in a research report on Thursday, June 30th. Vetr raised shares of Nordic American Tanker from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, June 29th. Zacks Investment Research raised shares of Nordic American Tanker from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Finally, Jefferies Group lowered shares of Nordic American Tanker from a “hold” rating to an “underperform” rating and dropped their price target for the company from $12.00 to $10.00 in a research report on Tuesday, May 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.22.

The company has a market cap of $1.24 billion and a price-to-earnings ratio of 10.69. The stock has a 50-day moving average price of $14.57 and a 200 day moving average price of $14.09.

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

A number of institutional investors have recently added to or reduced their stakes in the company. WCM Investment Management CA purchased a new position in Nordic American Tanker during the fourth quarter worth $9,111,000. Bank of Montreal Can increased its position in Nordic American Tanker by 284.5% in the fourth quarter. Bank of Montreal Can now owns 164,224 shares of the company’s stock worth $2,552,000 after buying an additional 121,509 shares during the period. Doheny Asset Management CA increased its position in Nordic American Tanker by 215.3% in the fourth quarter. Doheny Asset Management CA now owns 293,250 shares of the company’s stock worth $4,557,000 after buying an additional 200,250 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Nordic American Tanker by 467.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,520,178 shares of the company’s stock worth $23,623,000 after buying an additional 1,252,220 shares during the period. Finally, New York State Common Retirement Fund increased its position in Nordic American Tanker by 4.3% in the fourth quarter. New York State Common Retirement Fund now owns 87,900 shares of the company’s stock worth $1,366,000 after buying an additional 3,600 shares during the period.

Nordic American Tankers Limited is an international tanker company. The Company owns approximately 30 vessels. The Company’s Suezmaxes tankers can carry over one million barrels of oil. The vessels in the Company’s fleet are homogenous and interchangeable. The Company’s vessels are employed in the spot market.

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