Notable negative changes in fundamentals have recently occurred for Nordic American Tankers Ltd (NYSE: NAT): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Nordic American Tankers Ltd (NYSE: NAT) has recently experienced meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NAT is expected to be a major Value Builder.
Nordic American Tankers has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Nordic American Tankers has a slightly negative Appreciation Score of 38 but a good Power Rating of 79, producing the High Neutral Value Trend Rating.
Recent Price Action
Nordic American Tankers Ltd (NYSE: NAT) stock declined slightly by -1.0% on 3/8/24. The stock closed at $4.04. Moreover, trading volume in this decline was above average at 134% of normal. The stock has been strong relative to the market over the last nine months but has declined -0.7% during the last week.
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