Nordic American Tankers (NYSE:NAT - Get Free Report) posted its quarterly earnings results on Wednesday. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02), Zacks reports. Nordic American Tankers had a net margin of 26.41% and a return on equity of 11.95%. The firm had revenue of $46.39 million for the quarter, compared to analysts' expectations of $51.38 million.
Nordic American Tankers Stock Up 0.2 %
Nordic American Tankers stock traded up $0.01 during mid-day trading on Tuesday, hitting $2.44. The company's stock had a trading volume of 2,937,773 shares, compared to its average volume of 2,469,996. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.73 and a quick ratio of 0.56. Nordic American Tankers has a 52-week low of $2.40 and a 52-week high of $4.40. The firm's 50 day moving average is $2.66 and its 200 day moving average is $3.03. The company has a market cap of $508.42 million, a PE ratio of 8.40 and a beta of -0.33.
Nordic American Tankers Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, March 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 9.86%. Nordic American Tankers's dividend payout ratio is 109.09%.
Analyst Upgrades and Downgrades
NAT has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Nordic American Tankers from a "hold" rating to a "sell" rating in a report on Saturday. Jefferies Financial Group restated a "hold" rating and set a $3.00 price objective on shares of Nordic American Tankers in a research note on Friday, February 28th.
Read Our Latest Stock Analysis on Nordic American Tankers
About Nordic American Tankers
(
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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.
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