The stock of Nordic American Tankers Ltd (NYSE:NAT) last traded at $4.71, up 3.06% from the previous session.
Data from the available sources indicates that Nordic American Tankers Ltd (NYSE:NAT) is covered by 6 analysts. The consensus rating among analysts is ‘Buy’. NAT stock price is now 16.98% away from the 50-day moving average and 24.36% away from the 200-day moving average. The market capitalization of the company currently stands at $983.45M.
In total, 1 analysts have assigned it a hold rating, and 5 have given it a buy rating.
With the price target enhanced from $3 to $4, Jefferies Upgraded its rating from Hold to Buy for Nordic American Tankers Ltd (NYSE: NAT).
A total of 3.02% 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 Ltd shares was purchased by ACADIAN ASSET MANAGEMENT LLC during the first quarter worth $1,198,000. GRAHAM CAPITAL MANAGEMENT, L.P. invested $590,000 in shares of NAT during the first quarter. In the first quarter, BLUEFIN CAPITAL MANAGEMENT, LLC acquired a new stake in Nordic American Tankers Ltd valued at approximately $542,000. TRUIST FINANCIAL CORP acquired a new stake in NAT for approximately $488,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in NAT valued at around $431,000 in the second quarter. In total, there are 247 active investors with 43.79% ownership of the company’s stock.
With an opening price of $4.5800 on Thursday morning, Nordic American Tankers Ltd (NYSE: NAT) set off the trading day. During the past 12 months, Nordic American Tankers Ltd has had a low of $2.83 and a high of $4.65. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 0.99, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $1.14B, which is based on a 8.24 price-to-earnings ratio, a 1.65 price-to-earnings-growth ratio, and a beta of 0.23. The fifty day moving average price for NAT is $4.0378 and a two-hundred day moving average price translates $3.7958 for the stock.
The latest earnings results from Nordic American Tankers Ltd (NYSE: NAT) was released for Jun, 2023. According to the Marine Shipping Company, earnings per share came in at $0.13, inline with analysts’ expectations of $0.13. This compares to -$0.02 EPS in the same period last year. The net profit margin was 30.20% and return on equity was 22.86% for NAT. 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 $57.11M 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 $0.49 dividend and a 10.41% 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 157.14%.
Nordic American Tankers Ltd(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.
