We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Nordic American Tankers Limited (NAT) Outperforming Other Transportation Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Nordic American Tankers (NAT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Nordic American Tankers is a member of our Transportation group, which includes 114 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Nordic American Tankers is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NAT's full-year earnings has moved 81% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, NAT has returned 61.1% so far this year. In comparison, Transportation companies have returned an average of 4.7%. This shows that Nordic American Tankers is outperforming its peers so far this year.
One other Transportation stock that has outperformed the sector so far this year is Pacific Basin Shipping Ltd. (PCFBY - Free Report) . The stock is up 20.7% year-to-date.
The consensus estimate for Pacific Basin Shipping Ltd.'s current year EPS has increased 50% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Nordic American Tankers belongs to the Transportation - Shipping industry, a group that includes 36 individual stocks and currently sits at #48 in the Zacks Industry Rank. Stocks in this group have gained about 31.2% so far this year, so NAT is performing better this group in terms of year-to-date returns. Pacific Basin Shipping Ltd. is also part of the same industry.
Investors interested in the Transportation sector may want to keep a close eye on Nordic American Tankers and Pacific Basin Shipping Ltd. as they attempt to continue their solid performance.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Is Nordic American Tankers Limited (NAT) Outperforming Other Transportation Stocks This Year?
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Nordic American Tankers (NAT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Nordic American Tankers is a member of our Transportation group, which includes 114 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Nordic American Tankers is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NAT's full-year earnings has moved 81% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, NAT has returned 61.1% so far this year. In comparison, Transportation companies have returned an average of 4.7%. This shows that Nordic American Tankers is outperforming its peers so far this year.
One other Transportation stock that has outperformed the sector so far this year is Pacific Basin Shipping Ltd. (PCFBY - Free Report) . The stock is up 20.7% year-to-date.
The consensus estimate for Pacific Basin Shipping Ltd.'s current year EPS has increased 50% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Nordic American Tankers belongs to the Transportation - Shipping industry, a group that includes 36 individual stocks and currently sits at #48 in the Zacks Industry Rank. Stocks in this group have gained about 31.2% so far this year, so NAT is performing better this group in terms of year-to-date returns. Pacific Basin Shipping Ltd. is also part of the same industry.
Investors interested in the Transportation sector may want to keep a close eye on Nordic American Tankers and Pacific Basin Shipping Ltd. as they attempt to continue their solid performance.