|Day Low/High||8.96 / 9.39|
|52 Wk Low/High||7.57 / 16.18|
In recent trading, shares of Nordic American Tankers Ltd have crossed above the average analyst 12-month target price of $9.40, changing hands for $9.68/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
An OPEC production cut won't do much to reduce China's demand for the cartel's oil.
Investors in Nordic American Tankers Ltd saw new options become available today, for the July 2017 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
In trading on Monday, shares of Nordic American Tankers Ltd entered into oversold territory, changing hands as low as $8.17 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
Jim Cramer likes SWHC and BX, but not NAT and DBD.
Cramer previews important earnings reports scheduled for the coming week.
Here are Wednesday's top calls, including upgrades for AK Steel and Masco, and downgrades for Apple, Chipotle, General Motors, Lowe's, Pandora and Under Armour.
TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,300 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: BCRH, LPX, MDR, TR Downgrades: ACM, BOXC, COMM, CYOU, KFS, NAT, OSBC, OSN, SMMF, WIRE, WMIH Initiations: None Read on to get TheStreet Quant Ratings' detailed report:
Looking at the universe of stocks we cover at Dividend Channel, on 10/25/16, Nordic American Tankers Ltd will trade ex-dividend, for its quarterly dividend of $0.26, payable on 11/10/16. As a percentage of NAT's recent stock price of $9.74, this dividend works out to approximately 2.67%, so look for shares of Nordic American Tankers Ltd to trade 2.67% lower — all else being equal — when NAT shares open for trading on 10/25/16.
Jim Cramer says he doesn't like solar companies, but ICE is cool. Cable stocks, he says, are underrated.
Staying home is the new going out, and these companies are profiting, Cramer says.
In recent trading, shares of Nordic American Tankers Ltd have crossed above the average analyst 12-month target price of $9.40, changing hands for $9.62/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
Cramer says Applied Materials shouldn't be down and he's turning his back on Nordic American Tanker.
Investors hate uncertainty, Cramer says, but uncertainty creates bargains.