Nordic American Tankers Ltd. (NYSE:NAT) shares were up 4.3% 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 research analysts have weighed in on NAT shares. Vetr upgraded shares of Nordic American Tankers from a “buy” rating to a “strong-buy” rating and set a $15.56 price objective on the stock in a research report on Wednesday, March 23rd. Zacks Investment Research upgraded shares of Nordic American Tankers from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Wednesday, April 27th. Jefferies Group cut shares of Nordic American Tankers from a “hold” rating to an “underperform” rating and cut their price objective for the company from $12.00 to $10.00 in a research report on Tuesday, May 10th. Finally, ABN Amro lowered shares of Nordic American Tankers from a “buy” rating to a “sell” rating in a research note on Thursday, June 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Nordic American Tankers presently has an average rating of “Hold” and a consensus price target of $14.22.

The company has a market capitalization of $1.27 billion and a PE ratio of 10.94. The stock’s 50 day moving average price is $14.57 and its 200 day moving average price is $14.08.

Nordic American Tankers (NYSE:NAT) last announced its quarterly earnings data on Monday, May 9th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. During the same period in the previous year, the business posted $0.34 earnings per share. On average, equities research analysts predict that Nordic American Tankers Ltd. will post $1.14 EPS for the current fiscal year.

A number of hedge funds and institutional investors have recently made changes to their positions in NAT. State Board of Administration of Florida Retirement System raised its position 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 worth $1,333,000 after buying an additional 12,710 shares during the last quarter. New York State Common Retirement Fund raised its position 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 worth $1,366,000 after buying an additional 3,600 shares during the last quarter. Rhumbline Advisers raised its position 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 worth $1,820,000 after buying an additional 2,160 shares during the last quarter. Bank of Montreal Can raised its position in shares of Nordic American Tankers 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 last quarter. Finally, California State Teachers Retirement System raised its position 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 worth $2,568,000 after buying an additional 2,586 shares during the last quarter.

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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