Nordic American Tankers Limited (NYSE:NAT - Get Free Report) saw strong trading volume on Friday . 2,020,712 shares were traded during mid-day trading, a decline of 19% from the previous session's volume of 2,497,537 shares.The stock last traded at $2.71 and had previously closed at $2.88.
Analyst Ratings Changes
NAT has been the subject of several research reports. Evercore ISI cut their price target on Nordic American Tankers from $4.50 to $4.00 and set an "in-line" rating for the company in a research note on Friday, August 30th. StockNews.com lowered shares of Nordic American Tankers from a "hold" rating to a "sell" rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $3.50 price target on shares of Nordic American Tankers in a research report on Friday.
Read Our Latest Research Report on NAT
Nordic American Tankers Stock Performance
The business has a 50 day moving average of $3.35 and a 200-day moving average of $3.66. The company has a market capitalization of $559.57 million, a P/E ratio of 9.24 and a beta of -0.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.63 and a current ratio of 0.79.
Nordic American Tankers (NYSE:NAT - Get Free Report) last issued its quarterly earnings data on Tuesday, September 3rd. The shipping company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. Nordic American Tankers had a net margin of 26.35% and a return on equity of 11.60%. The company had revenue of $66.10 million during the quarter, compared to analysts' expectations of $54.34 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. On average, sell-side analysts predict that Nordic American Tankers Limited will post 0.28 EPS for the current fiscal year.
Institutional Investors Weigh In On Nordic American Tankers
Hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new position in shares of Nordic American Tankers during the 2nd quarter valued at about $25,000. Raymond James Trust N.A. bought a new position in Nordic American Tankers during the third quarter valued at approximately $37,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Nordic American Tankers during the first quarter worth approximately $45,000. Bluefin Capital Management LLC bought a new stake in shares of Nordic American Tankers in the 2nd quarter worth approximately $47,000. Finally, Caprock Group LLC purchased a new stake in shares of Nordic American Tankers in the 2nd quarter valued at $55,000. 44.29% of the stock is currently owned by institutional investors.
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.
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