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home / articles / NAT - Why Nordic American Tankers Is A 'Buy' Amid Global Crude Recovery: Analyst On Q2 Performance And Market Trends | Benzinga

NAT - Why Nordic American Tankers Is A 'Buy' Amid Global Crude Recovery: Analyst On Q2 Performance And Market Trends | Benzinga

Nordic American Tankers Limited

B. Riley Securities analyst Liam Burke reiterated a Buy rating on Nordic American Tankers Limited (NYSE: NAT), raising the price target to $6 from $5.50.

NAT’s concentrated fleet remains well positioned for a global recovery in global crude oil consumption with the potential for upside operating leverage, Burke notes.

The company reported a Q2 FY23 revenue of $67.80 million, missing the consensus of $68.32 million. EPS for the quarter improved to $0.13 from a loss per share of $(0.02) in Q2 FY22, Full story available on Benzinga.com
Stock Information
Company Name: Nordic American Tankers Limited
Stock Symbol: NAT
Market: NYSE
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