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
(
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.