Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Nordic American Tanker Shipping Ltd.

Share:
Related NAT
Benzinga's Top Upgrades, Downgrades For January 13, 2017
The Market In 5 Minutes: BlackBerry, Nike Earnings In Focus
The Vetr community has upgraded $NAT to 3.5-Stars. (Vetr)

In a report published Friday, Jefferies & Company reiterated its Hold rating on Nordic American Tanker Shipping Ltd. (NYSE: NAT), but slightly lowered its price target from $9.00 to $8.00.

Jefferies noted, “This morning, NAT announced that it would be paying a cash dividend of $0.16 per share on 4Q12 results which represents a significant decrease from the $0.30 per share dividend the Company had been paying out since early 2011. While the cut was inevitable in our view, the reduction will still likely remove a leg of support for NAT shares in our view.”

Nordic American Tanker Shipping Ltd. closed on Thursday at $8.88.

Latest Ratings for NAT

DateFirmActionFromTo
Jan 2017Credit SuisseInitiates Coverage OnNeutral
Dec 2016Maxim GroupInitiates Coverage OnSell
Nov 2016Wells FargoInitiates Coverage OnMarket Perform

View More Analyst Ratings for NAT
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (NAT)

View Comments and Join the Discussion!