B. Riley Has Pessimistic View of NAT FY2025 Earnings

Nordic American Tankers Limited (NYSE:NAT - Free Report) - Stock analysts at B. Riley dropped their FY2025 earnings estimates for shares of Nordic American Tankers in a research note issued on Wednesday, January 15th. B. Riley analyst L. Burke now anticipates that the shipping company will earn $0.26 per share for the year, down from their prior forecast of $0.39. The consensus estimate for Nordic American Tankers' current full-year earnings is $0.25 per share.

A number of other analysts have also recently weighed in on NAT. StockNews.com upgraded shares of Nordic American Tankers from a "sell" rating to a "hold" rating in a report on Monday, December 2nd. Jefferies Financial Group reissued a "hold" rating and issued a $3.50 price objective on shares of Nordic American Tankers in a research report on Friday, November 29th.

Nordic American Tankers Stock Down 2.0 %

Shares of NYSE:NAT traded down $0.06 during trading hours on Friday, hitting $2.75. The company's stock had a trading volume of 3,348,574 shares, compared to its average volume of 2,326,383. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.73 and a quick ratio of 0.56. The firm's fifty day moving average price is $2.74 and its 200 day moving average price is $3.31. Nordic American Tankers has a 52 week low of $2.41 and a 52 week high of $4.55. The company has a market capitalization of $573.16 million, a price-to-earnings ratio of 9.47 and a beta of -0.29.

Nordic American Tankers Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 17th were given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 17.49%. The ex-dividend date was Tuesday, December 17th. Nordic American Tankers's payout ratio is 55.17%.

Institutional Trading of Nordic American Tankers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NAT. SG Americas Securities LLC grew its position in shares of Nordic American Tankers by 8.4% in the 4th quarter. SG Americas Securities LLC now owns 75,107 shares of the shipping company's stock valued at $188,000 after buying an additional 5,811 shares during the last quarter. Ballentine Partners LLC boosted its stake in Nordic American Tankers by 90.7% in the fourth quarter. Ballentine Partners LLC now owns 24,737 shares of the shipping company's stock valued at $62,000 after acquiring an additional 11,767 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Nordic American Tankers by 178.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 44,694 shares of the shipping company's stock worth $171,000 after purchasing an additional 28,670 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Nordic American Tankers by 99.8% in the 3rd quarter. Franklin Resources Inc. now owns 25,333 shares of the shipping company's stock valued at $92,000 after purchasing an additional 12,651 shares during the period. Finally, Barclays PLC grew its stake in Nordic American Tankers by 274.8% during the 3rd quarter. Barclays PLC now owns 268,115 shares of the shipping company's stock worth $984,000 after buying an additional 196,571 shares during the last quarter. Hedge funds and other institutional investors own 44.29% of the company's stock.

Nordic American Tankers Company Profile

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.