In yesterday’s Wall Street session, Nordic American Tankers Limited (NYSE:NAT) shares traded at $3.84, up 0.26% from the previous session.
As of this writing, 5 analysts cover Nordic American Tankers Limited (NYSE:NAT). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.50 and a low of $4.00, we find $4.90. Given the previous closing price of $3.83, this indicates a potential upside of 27.94 percent. NAT stock price is now 4.23% away from the 50-day moving average and 15.05% away from the 200-day moving average. The market capitalization of the company currently stands at $780.13M.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Sponsored
There are 1 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $4.76 as their price target over the next twelve months.
.
A total of 1.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NAT stock. A new stake in Nordic American Tankers Limited shares was purchased by MARSHALL WACE, LLP during the first quarter worth $16,938,000. WEXFORD CAPITAL LP invested $3,176,000 in shares of NAT during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in Nordic American Tankers Limited valued at approximately $670,000. SEI INVESTMENTS CO acquired a new stake in NAT for approximately $575,000. VIRTU FINANCIAL LLC purchased a new stake in NAT valued at around $394,000 in the second quarter.
Wednesday morning saw Nordic American Tankers Limited (NYSE: NAT) opened at $3.8500. During the past 12 months, Nordic American Tankers Limited has had a low of $1.80 and a high of $4.65. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 2.00, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $973.07M, which is based on a 55.65 price-to-earnings ratio, a 11.13 price-to-earnings-growth ratio, and a beta of 0.07. The fifty day moving average price for NAT is $3.6790 and a two-hundred day moving average price translates $3.3437 for the stock.
The latest earnings results from Nordic American Tankers Limited (NYSE: NAT) was released for Dec, 2022. According to the Marine Shipping Company, earnings per share came in at $0.22, beating analysts’ expectations of $0.2 by 0.02. This compares to -$0.14 EPS in the same period last year. The net profit margin was 4.50% and return on equity was 3.00% for NAT. The company reported revenue of $87.09 million for the quarter, compared to $15.52 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 461.14 percent. For the current quarter, analysts expect NAT to generate $66.43M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/06/2023. Investors who held shares on 06/15/2023 were paid a $0.15 dividend. On an annualized basis, this represents a $0.26 dividend and a 6.77% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, NAT is presently at 160.40%.
Nordic American Tankers Limited(NAT) Company Profile
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 19 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.
