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A statement released earlier today by Vetr Inc. about Nordic American Tanker Ltd (NYSE:NAT) bumps the target price to $10.11

Vetr Inc. bumped up the target of Nordic American Tanker Ltd (NYSE:NAT) to $10.11 stating a potential upside of 0.15%.

Boasting a price of $8.79, Nordic American Tanker Ltd (NYSE:NAT) traded -2.98% lower on the day. With the last close down -24.59% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Nordic American Tanker Ltd has recorded a 50-day average of $8.91 and a two hundred day average of $11.66. Volume of trade was down over the average, with 1,656,618 shares of NAT changing hands under the typical 1,896,750

Performance Chart

Nordic American Tanker Ltd (NYSE:NAT)

With a total market value of $0, Nordic American Tanker Ltd has price-earnings ratio of 12.11 with a one year low of $7.57 and a one year high of $16.18 .

A total of 5 analysts have released a research note on NAT. One analyst rating the company a strong buy, one analyst rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $14.20.

More About Nordic American Tanker Ltd (NYSE:NAT)

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. The vessels in the Company's fleet are homogenous and interchangeable. The Company's vessels are employed in the spot market. The Company's vessels include Nordic Harrier, Nordic Hawk, Nordic Hunter, Nordic Voyager, Nordic Fighter, Nordic Freedom, Nordic Discovery, Nordic Saturn, Nordic Jupiter, Nordic Moon, Nordic Apollo, Nordic Cosmos, Nordic Sprite, Nordic Mistral, Nordic Passat, Nordic Vega, Nordic Breeze, Nordic Zenith, Nordic Sprinter, Nordic Skier and Nordic Light.

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