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Nordic American Tankers Ltd has a consensus price target of $3.94 based on the ratings of 4 analysts. The high is $6 issued by B. Riley Securities on August 29, 2023. The low is $2.25 issued by Jefferies on November 26, 2021. The 3 most-recent analyst ratings were released by Jefferies, Jefferies, and Evercore ISI Group on November 14, 2024, September 12, 2024, and August 30, 2024, respectively. With an average price target of $3.83 between Jefferies, Jefferies, and Evercore ISI Group, there's an implied 29.06% upside for Nordic American Tankers Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Nordic American Tankers (NYSE:NAT) was reported by Jefferies on November 14, 2024. The analyst firm set a price target for $3.50 expecting NAT to rise to within 12 months (a possible 17.83% upside). 7 analyst firms have reported ratings in the last year.
The latest analyst rating for Nordic American Tankers (NYSE:NAT) was provided by Jefferies, and Nordic American Tankers maintained their hold rating.
The last upgrade for Nordic American Tankers Ltd happened on September 6, 2022 when Jefferies raised their price target to $4. Jefferies previously had a hold for Nordic American Tankers Ltd.
The last downgrade for Nordic American Tankers Ltd happened on September 12, 2024 when Jefferies changed their price target from $4 to $4 for Nordic American Tankers Ltd.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Nordic American Tankers, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Nordic American Tankers was filed on November 14, 2024 so you should expect the next rating to be made available sometime around November 14, 2025.
While ratings are subjective and will change, the latest Nordic American Tankers (NAT) rating was a maintained with a price target of $4.00 to $3.50. The current price Nordic American Tankers (NAT) is trading at is $2.97, which is out of the analyst’s predicted range.
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