B. Riley Predicts Lower Earnings for Nordic American Tankers

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

A number of other brokerages have also commented on NAT. StockNews.com upgraded Nordic American Tankers from a "sell" rating to a "hold" rating in a research report on Monday, December 2nd. Jefferies Financial Group restated a "hold" rating and set a $3.50 price target on shares of Nordic American Tankers in a report on Friday, November 29th.

Nordic American Tankers Stock Down 2.3 %

Shares of NAT stock traded down $0.07 on Friday, reaching $2.74. 2,487,957 shares of the company's stock traded hands, compared to its average volume of 3,387,140. The company has a market capitalization of $571.07 million, a P/E ratio of 9.43 and a beta of -0.29. Nordic American Tankers has a 12-month low of $2.41 and a 12-month high of $4.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.56 and a current ratio of 0.73. The business's 50 day moving average price is $2.75 and its two-hundred day moving average price is $3.32.

Institutional Investors Weigh In On Nordic American Tankers

Several institutional investors have recently made changes to their positions in NAT. American Century Companies Inc. increased its stake in shares of Nordic American Tankers by 40.5% during the 2nd quarter. American Century Companies Inc. now owns 3,499,565 shares of the shipping company's stock worth $13,928,000 after purchasing an additional 1,009,096 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Nordic American Tankers by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 11,606,339 shares of the shipping company's stock worth $46,195,000 after buying an additional 621,588 shares during the last quarter. XTX Topco Ltd bought a new position in Nordic American Tankers during the second quarter valued at about $260,000. Sei Investments Co. lifted its position in shares of Nordic American Tankers by 9.1% in the second quarter. Sei Investments Co. now owns 91,791 shares of the shipping company's stock worth $365,000 after buying an additional 7,663 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Nordic American Tankers by 180.9% during the 2nd quarter. AQR Capital Management LLC now owns 420,727 shares of the shipping company's stock worth $1,674,000 after acquiring an additional 270,946 shares in the last quarter. 44.29% of the stock is currently owned by institutional investors and hedge funds.

Nordic American Tankers Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 17th were given a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 17.55%. The ex-dividend date of this dividend was Tuesday, December 17th. Nordic American Tankers's payout ratio is currently 55.17%.

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.