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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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%.
