Marine Link
Saturday, December 15, 2018

Nordic American Tankers: Near term challenges remain - CS

Maritime Activity Reports, Inc.

February 13, 2018

File Image (CREDIT: AdobeStock / (c) Carabay)

File Image (CREDIT: AdobeStock / (c) Carabay)

Oil tanker company's shares down 1.8 pct at $2.15 premarket.
 
Credit Suisse halves PT to $2, says near-term challenges remain. "On the heels of the second-worst year for tankers in 20 years, this seems to be the growing consensus," said Credit Suisse. While strong oil demand should help move market balance, CS says another year of above-average fleet growth, OPEC holding back export volumes will keep market depressed in 2018
 
1 of 9 brokerages rate the stock "buy", 5 "hold" and 3 "sell" or lower; Median PT $2.50. The stock plunged 70 pct in 2017, and has declined 11 pct this year
 
Reporting by Amy Caren Daniel 
Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

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