Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Nordic American Tankers (NYSE:NAT) Stock Price

Press coverage about Nordic American Tankers (NYSE:NAT) has trended somewhat positive on Monday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nordic American Tankers earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the shipping company an impact score of 46.4554162688765 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern’s analysis:

A number of analysts recently commented on the company. Maxim Group set a $4.00 target price on Nordic American Tankers and gave the company a “sell” rating in a research report on Monday, August 7th. Zacks Investment Research raised Nordic American Tankers from a “sell” rating to a “hold” rating in a report on Saturday. TheStreet lowered Nordic American Tankers from a “c-” rating to a “d+” rating in a report on Thursday, August 10th. Finally, Morgan Stanley decreased their price objective on Nordic American Tankers from $6.50 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, November 8th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $5.67.

Shares of Nordic American Tankers (NYSE:NAT) traded down $0.10 on Monday, reaching $3.89. The company’s stock had a trading volume of 1,065,744 shares, compared to its average volume of 1,171,881. Nordic American Tankers has a 1 year low of $3.89 and a 1 year high of $9.95. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.69 and a quick ratio of 3.87.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Monday, November 13th will be paid a $0.03 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.08%.

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About Nordic American Tankers

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.

Insider Buying and Selling by Quarter for Nordic American Tankers (NYSE:NAT)

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