Equities Analysts Offer Predictions for NAT FY2025 Earnings

Nordic American Tankers Limited (NYSE:NAT - Free Report) - Equities researchers at B. Riley raised their FY2025 earnings estimates for shares of Nordic American Tankers in a research report issued to clients and investors on Thursday, October 24th. B. Riley analyst L. Burke now anticipates that the shipping company will earn $0.49 per share for the year, up from their previous forecast of $0.48. The consensus estimate for Nordic American Tankers' current full-year earnings is $0.38 per share.

NAT has been the subject of a number of other reports. Jefferies Financial Group restated a "hold" rating and issued a $4.00 target price on shares of Nordic American Tankers in a research note on Thursday, September 12th. Evercore ISI reduced their price objective on shares of Nordic American Tankers from $4.50 to $4.00 and set an "in-line" rating for the company in a report on Friday, August 30th. Finally, StockNews.com raised shares of Nordic American Tankers from a "sell" rating to a "hold" rating in a research note on Wednesday, October 2nd.

Nordic American Tankers Stock Performance

Nordic American Tankers stock traded down $0.03 during trading hours on Friday, hitting $3.35. The stock had a trading volume of 2,573,214 shares, compared to its average volume of 2,501,529. Nordic American Tankers has a fifty-two week low of $3.31 and a fifty-two week high of $4.83. The company has a market cap of $698.44 million, a PE ratio of 11.67 and a beta of -0.20. The company has a 50-day moving average of $3.64 and a two-hundred day moving average of $3.81. The company has a quick ratio of 0.63, a current ratio of 0.79 and a debt-to-equity ratio of 0.36.

Nordic American Tankers (NYSE:NAT - Get Free Report) last announced its quarterly earnings data on Tuesday, September 3rd. The shipping company reported $0.10 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $66.10 million during the quarter, compared to analyst estimates of $54.34 million. During the same quarter in the prior year, the business earned $0.13 earnings per share.

Nordic American Tankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Thursday, September 26th will be paid a $0.12 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.48 annualized dividend and a dividend yield of 14.35%. Nordic American Tankers's dividend payout ratio is presently 165.52%.

Hedge Funds Weigh In On Nordic American Tankers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of Nordic American Tankers in the second quarter valued at approximately $25,000. Diversify Advisory Services LLC bought a new stake in shares of Nordic American Tankers during the first quarter worth $41,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Nordic American Tankers during the first quarter worth $45,000. SG Americas Securities LLC bought a new position in shares of Nordic American Tankers in the first quarter valued at about $47,000. Finally, Bluefin Capital Management LLC bought a new stake in Nordic American Tankers during the 2nd quarter worth about $47,000. 44.29% of the stock is currently owned by institutional investors and hedge funds.

About Nordic American Tankers

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.