Nordic American Tankers (NYSE:NAT - Get Free Report) is expected to be announcing its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $51.38 million for the quarter.
Nordic American Tankers (NYSE:NAT - Get Free Report) last released its quarterly earnings data on Friday, November 29th. The shipping company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Nordic American Tankers had a return on equity of 11.95% and a net margin of 26.41%. On average, analysts expect Nordic American Tankers to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Nordic American Tankers Trading Down 0.2 %
Nordic American Tankers stock traded down $0.01 during midday trading on Friday, hitting $2.46. 5,138,182 shares of the stock were exchanged, compared to its average volume of 2,894,448. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 0.36. Nordic American Tankers has a 52 week low of $2.41 and a 52 week high of $4.40. The company has a fifty day simple moving average of $2.66 and a two-hundred day simple moving average of $3.09. The stock has a market capitalization of $512.59 million, a PE ratio of 8.47 and a beta of -0.31.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on NAT. StockNews.com lowered shares of Nordic American Tankers from a "hold" rating to a "sell" rating in a research note on Thursday. Jefferies Financial Group reaffirmed a "hold" rating and issued a $3.00 price target on shares of Nordic American Tankers in a research note on Friday.
Read Our Latest Research Report on NAT
Nordic American Tankers Company Profile
(
Get Free Report)
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 20 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.
Further Reading
Before you consider Nordic American Tankers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nordic American Tankers wasn't on the list.
While Nordic American Tankers currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
