ProLogis (NYSE: PLD), ENSCO PLC (NYSE: ESV), Fossil (NASDAQ: FOSL), Louisiana-Pacific Co. (NYSE: LPX), Nordic American Tanker Shipping (NYSE: NAT) and Realty Income Corp. (NYSE: O) upgraded by analysts.
ProLogis (PLD) was upgraded by FBR Capital from a “Market Perform” rating to an “Outperform” rating.
ENSCO PLC. (ESV) was upgraded by Global Hunter Securities from an “Accumulate” rating to a “Buy” rating. They have a price target of $62.00 on the company.
Fossil (FOSL) was upgraded by The Benchmark Company from a “Hold” rating to a “Buy” rating. They have a price target of $100.00 on the company.
Louisiana-Pacific Co. (LPX) was upgraded by UBS AG (NYSE:UBS)
from a “Sell” rating to a “Neutral” rating.
Nordic American Tanker Shipping (NAT) was upgraded by FBR Capital from a “Market Perform” rating to an “Outperform” rating.
Realty Income Corp. (O) was upgraded by FBR Capital from a “Market Perform” rating to an “Outperform” rating. They have a price target $35.50 on the company, up from $34.00.
Showing posts with label Nordic American Tanker. Show all posts
Showing posts with label Nordic American Tanker. Show all posts
Thursday, August 11, 2011
Tuesday, July 26, 2011
Thomson Reuters (TRI) (PRE) (GNK) (HP) (CNP) (NAT) Downgraded
Thomson Reuters Co. (NYSE: TRI), PartnerRe (NYSE: PRE), Genco Shipping & Trading Ltd (NYSE: GNK), Helmerich & Payne (NYSE: HP), CenterPoint Energy, Inc. (NYSE: CNP) and Nordic American Tanker Shipping (NYSE: NAT) downgraded by analysts.
Thomson Reuters Co. (TRI) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $42.00 on the company, down from $46.00.
PartnerRe (PRE) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $76.00 on the company.
Genco Shipping & Trading Ltd (GNK) was downgraded by Cantor Fitzgerald from a “Hold” rating to a “Sell” rating.
Helmerich & Payne (HP) was downgraded by Duncan Williams from a “Buy” rating to a “Reduce” rating. They have a price target of $72.00 on the company. They cited valuation as the catalyst behind the call.
CenterPoint Energy, Inc. (CNP) was downgraded by Argus from a “Buy” rating to a “Hold” rating.
Nordic American Tanker Shipping (NAT) was downgraded by Cantor Fitzgerald from a “Hold” rating to a “Sell” rating. They have a price target of $16.00 on the company.
Thomson Reuters Co. (TRI) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $42.00 on the company, down from $46.00.
PartnerRe (PRE) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $76.00 on the company.
Genco Shipping & Trading Ltd (GNK) was downgraded by Cantor Fitzgerald from a “Hold” rating to a “Sell” rating.
Helmerich & Payne (HP) was downgraded by Duncan Williams from a “Buy” rating to a “Reduce” rating. They have a price target of $72.00 on the company. They cited valuation as the catalyst behind the call.
CenterPoint Energy, Inc. (CNP) was downgraded by Argus from a “Buy” rating to a “Hold” rating.
Nordic American Tanker Shipping (NAT) was downgraded by Cantor Fitzgerald from a “Hold” rating to a “Sell” rating. They have a price target of $16.00 on the company.
Thursday, April 28, 2011
Analyst Downgrades for (LOOP) (MBLX) (MDP) (NAT) (NXY)
Analysts downgraded LoopNet, Inc. (NASDAQ: LOOP), Metabolix Inc (NASDAQ: MBLX), Meredith Corporation (NYSE: MDP), Nordic American Tanker Shipping (NYSE: NAT) and Nexen Inc. (NYSE: NXY) today.
SunTrust (NYSE:STI) downgraded LoopNet, Inc. (LOOP) from a “buy” rating to a “neutral” rating.
Piper Jaffray downgraded Metabolix Inc (MBLX) from a “neutral” rating to an “underweight” rating. They have a price target of $7 on the company, down from $9.
The Benchmark Company downgraded Meredith Corporation (MDP) from a “buy” rating to a “hold” rating. They have a price target of $37 on the stock, down from $41.
Goldman Sachs (NYSE:GS) downgraded Nordic American Tanker Shipping (NAT) from a “buy” rating to a “neutral” rating.
TD Newcrest downgraded Nexen Inc. (NXY) from a “buy” rating to a “hold” rating.
SunTrust (NYSE:STI) downgraded LoopNet, Inc. (LOOP) from a “buy” rating to a “neutral” rating.
Piper Jaffray downgraded Metabolix Inc (MBLX) from a “neutral” rating to an “underweight” rating. They have a price target of $7 on the company, down from $9.
The Benchmark Company downgraded Meredith Corporation (MDP) from a “buy” rating to a “hold” rating. They have a price target of $37 on the stock, down from $41.
Goldman Sachs (NYSE:GS) downgraded Nordic American Tanker Shipping (NAT) from a “buy” rating to a “neutral” rating.
TD Newcrest downgraded Nexen Inc. (NXY) from a “buy” rating to a “hold” rating.
Monday, January 24, 2011
JPMorgan (NYSE:JPM) Downgrades General Maritime (NYSE:GMR), Frontline (NYSE:FRO), Overseas Shipholding (NYSE:OSG), Nordic American (NYSE:NAT)
The shipping industry has been under pressure lately, and in response, JPMorgan (NYSE:JPM) downgraded General Maritime (NYSE:GMR), Frontline (NYSE:FRO), Overseas Shipholding (NYSE:OSG), and Nordic American Tanker (NYSE:NAT).
JPMorgan did have one upgrade in the sector, DHT Holdings (NYSE:DHT), which they boosted from "Neutral" to "Overweight." DHT Holdings closed Friday at $4.98, up $0.08, or 1.63 percent. JPMorgan raised their price target on them from $5.50 to $6.50.
Nordic American Tanker (NAT) was downgraded from "Neutral" to "Underweight." They closed Friday at $24.46, down $1.18, or 4.60 percent. JPMorgan lowered their price target on them from $27 to $22
General Maritime (GMR) was downgraded from "Overweight" to "Neutral." They closed Friday at $2.98, falling 0.19, or 5.99 percent.
Frontline (FRO) was downgraded from "Overweight" to "Underweight." They closed at $24.93, down $0.68, or 2.66 percent. Their price target was cut from $34 to $23
Overseas Shipholding (OSG) was downgraded from "Overweight" to "Underweight." They closed Friday at $32.73, dropping $1.18, or 3.48 percent. JPMorgan cut their price on them from $41 to $29.
JPMorgan did have one upgrade in the sector, DHT Holdings (NYSE:DHT), which they boosted from "Neutral" to "Overweight." DHT Holdings closed Friday at $4.98, up $0.08, or 1.63 percent. JPMorgan raised their price target on them from $5.50 to $6.50.
Nordic American Tanker (NAT) was downgraded from "Neutral" to "Underweight." They closed Friday at $24.46, down $1.18, or 4.60 percent. JPMorgan lowered their price target on them from $27 to $22
General Maritime (GMR) was downgraded from "Overweight" to "Neutral." They closed Friday at $2.98, falling 0.19, or 5.99 percent.
Frontline (FRO) was downgraded from "Overweight" to "Underweight." They closed at $24.93, down $0.68, or 2.66 percent. Their price target was cut from $34 to $23
Overseas Shipholding (OSG) was downgraded from "Overweight" to "Underweight." They closed Friday at $32.73, dropping $1.18, or 3.48 percent. JPMorgan cut their price on them from $41 to $29.
Sunday, November 9, 2008
Nordic American Tanker Exceeds Earnings Expectations
Nordic American Tanker (nyse:NAT) exceeded earnings expectations, beating the market's estimate of $1.22 a share by 2 cents, coming in at $1.24 a share for the third quarter.
Earnings for the quarter surged to $42.7 million, in sharp contrast to the $1.2 million loss, or 4 cents a share suffered in the third quarter of 2007.
The success of the company for the quarter is because of their Suezmax tankers, which far outperformed expectations on the spot market, bringing in a day rate average of $68,362 a vessel, far above the expected average of $64,000 a vessel.
Suezmax tankers refers to the largest vessels able to travel through the Suez canal.
While the spot market offers risk to the company, it has been very good to Nordic recently, and according to company executives, is still outperforming in the fourth quarter.
Rates for the fourth quarter per vessel are over $55,000 on average, and trading at $65,000 a day. This is far above the $40,000 some analysts are looking for during the current quarter.
Some analaysts are looking for $37,000 for Suezmaxes for 2009. If that were to come about, it would put downward pressure on Nordic, as eleven out of twelve of their Suezmax vessels cater to the spot market. Only one is on a long-term fixed rate charter.
Earnings for the quarter surged to $42.7 million, in sharp contrast to the $1.2 million loss, or 4 cents a share suffered in the third quarter of 2007.
The success of the company for the quarter is because of their Suezmax tankers, which far outperformed expectations on the spot market, bringing in a day rate average of $68,362 a vessel, far above the expected average of $64,000 a vessel.
Suezmax tankers refers to the largest vessels able to travel through the Suez canal.
While the spot market offers risk to the company, it has been very good to Nordic recently, and according to company executives, is still outperforming in the fourth quarter.
Rates for the fourth quarter per vessel are over $55,000 on average, and trading at $65,000 a day. This is far above the $40,000 some analysts are looking for during the current quarter.
Some analaysts are looking for $37,000 for Suezmaxes for 2009. If that were to come about, it would put downward pressure on Nordic, as eleven out of twelve of their Suezmax vessels cater to the spot market. Only one is on a long-term fixed rate charter.
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