The stock of Nordic American Tankers Limited (NYSE:NAT) last traded at $4.12, up 3.78% from the previous session.
Data from the available sources indicates that Nordic American Tankers Limited (NYSE:NAT) is covered by 6 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $4.00, we find $4.80. Given the previous closing price of $3.97, this indicates a potential upside of 20.91 percent. NAT stock price is now 3.91% away from the 50-day moving average and 12.95% away from the 200-day moving average. The market capitalization of the company currently stands at $881.19M.
In total, 1 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $5.02 as their price target over the next twelve months.
With the price target enhanced from $3 to $4, Jefferies Upgraded its rating from Hold to Buy for Nordic American Tankers Limited (NYSE: NAT).
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 ACADIAN ASSET MANAGEMENT LLC during the first quarter worth $1,048,000. GRAHAM CAPITAL MANAGEMENT, L.P. invested $516,000 in shares of NAT during the first quarter. In the first quarter, BLUEFIN CAPITAL MANAGEMENT, LLC acquired a new stake in Nordic American Tankers Limited valued at approximately $474,000. TRUIST FINANCIAL CORP acquired a new stake in NAT for approximately $427,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in NAT valued at around $377,000 in the second quarter. In total, there are 247 active investors with 38.10% ownership of the company’s stock.
With an opening price of $4.0300 on Tuesday morning, Nordic American Tankers Limited (NYSE: NAT) set off the trading day. During the past 12 months, Nordic American Tankers Limited has had a low of $2.33 and a high of $4.65. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 1.00, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $1.06B, which is based on a 9.49 price-to-earnings ratio, a 1.90 price-to-earnings-growth ratio, and a beta of 0.17. The fifty day moving average price for NAT is $3.9714 and a two-hundred day moving average price translates $3.6521 for the stock.
The latest earnings results from Nordic American Tankers Limited (NYSE: NAT) was released for Mar, 2023. 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 -$0.02 EPS in the same period last year. The company reported revenue of $67.8 million for the quarter, compared to $34.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 95.1 percent. For the current quarter, analysts expect NAT to generate $74.36M 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 $0.38 dividend and a 9.22% 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 150.20%.
