Stocks of Nordic American Tankers Ltd (NYSE:NAT) traded higher last session on Wall Street, up 3.90% to $4.00.
NAT stock price is now -4.91% away from the 50-day moving average and -2.63% away from the 200-day moving average. The market capitalization of the company currently stands at $835.20M.
With the price target enhanced from $3 to $4, Jefferies Upgraded its rating from Hold to Buy for Nordic American Tankers Ltd (NYSE: NAT). On July 21, 2022, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $3, while ‘Evercore ISI’ rates the stock as ‘In-line’
A total of 3.02% of the company’s stock is owned by insiders.
During the past 12 months, Nordic American Tankers Ltd has had a low of $3.26 and a high of $4.83. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.55, and a quick ratio of 0.94. According to the stock market information, the enterprise value for the company is $1.11B, which is based on a 8.53 price-to-earnings ratio, a 1.71 price-to-earnings-growth ratio, and a beta of -0.10. The fifty day moving average price for NAT is $4.1974 and a two-hundred day moving average price translates $4.1103 for the stock.
The latest earnings results from Nordic American Tankers Ltd (NYSE: NAT) was released for Dec, 2023. According to the Marine Shipping Company, earnings per share came in at $0.08, missing analysts’ expectations of $0.13 by -0.05. This compares to $0.05 EPS in the same period last year. The net profit margin was 27.55% and return on equity was 18.31% for NAT. The company reported revenue of $48.04 million for the quarter, compared to $47.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.38 percent. For the current quarter, analysts expect NAT to generate $83.08M in revenue.
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.
