Nordic American Tankers (NYSE:NAT - Get Free Report) posted its quarterly earnings results on Wednesday. The shipping company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02), Zacks reports. The company had revenue of $46.39 million during the quarter, compared to the consensus estimate of $51.38 million. Nordic American Tankers had a return on equity of 11.95% and a net margin of 26.41%.
Nordic American Tankers Price Performance
Shares of NAT stock traded up $0.01 during trading on Tuesday, hitting $2.44. The company had a trading volume of 2,937,773 shares, compared to its average volume of 2,469,996. Nordic American Tankers has a 52 week low of $2.40 and a 52 week high of $4.40. The stock has a market capitalization of $508.42 million, a price-to-earnings ratio of 8.40 and a beta of -0.33. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 0.36. The stock's 50-day moving average is $2.66 and its two-hundred day moving average is $3.03.
Nordic American Tankers Cuts Dividend
The firm also recently disclosed 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. This represents a $0.24 annualized dividend and a dividend yield of 9.86%. The ex-dividend date of this dividend is Monday, March 10th. Nordic American Tankers's payout ratio is 109.09%.
Wall Street Analysts Forecast Growth
NAT has been the subject of a number of recent analyst reports. StockNews.com lowered Nordic American Tankers from a "hold" rating to a "sell" rating in a report on Saturday. Jefferies Financial Group reaffirmed 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 Report on NAT
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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