- Nordic American Tankers Price Performance
- Nordic American Tankers Increases Dividend
- Institutional Investors Weigh In On Nordic American Tankers
- Nordic American Tankers Company Profile
- Further Reading
Nordic American Tankers Limited (NYSE:NAT – Get Rating) – Equities research analysts at Jefferies Financial Group issued their Q4 2022 earnings per share (EPS) estimates for Nordic American Tankers in a research note issued on Wednesday, November 30th. Jefferies Financial Group analyst O. Nokta anticipates that the shipping company will post earnings of $0.29 per share for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $4.50 target price on the stock. The consensus estimate for Nordic American Tankers’ current full-year earnings is $0.08 per share. Jefferies Financial Group also issued estimates for Nordic American Tankers’ FY2023 earnings at $0.81 EPS and FY2024 earnings at $0.74 EPS.
NAT has been the topic of several other reports. TheStreet upgraded shares of Nordic American Tankers from a “d+” rating to a “c” rating in a research report on Wednesday, November 30th. StockNews.com assumed coverage on shares of Nordic American Tankers in a report on Wednesday, October 12th. They issued a “sell” rating on the stock.
Nordic American Tankers Price Performance
Nordic American Tankers stock opened at $3.66 on Monday. Nordic American Tankers has a 12 month low of $1.40 and a 12 month high of $3.94. The stock has a market capitalization of $708.06 million, a PE ratio of -15.91 and a beta of 0.17. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.53 and a quick ratio of 1.14. The business has a 50 day simple moving average of $3.20 and a 200-day simple moving average of $2.73.
Nordic American Tankers Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Tuesday, December 6th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.46%. This is a boost from Nordic American Tankers’s previous quarterly dividend of $0.03. The ex-dividend date is Monday, December 5th. Nordic American Tankers’s dividend payout ratio is presently -52.17%.
Institutional Investors Weigh In On Nordic American Tankers
A number of hedge funds have recently made changes to their positions in NAT. Mackenzie Financial Corp acquired a new stake in Nordic American Tankers in the second quarter worth approximately $25,000. Kestra Private Wealth Services LLC bought a new position in shares of Nordic American Tankers during the 1st quarter valued at $25,000. Arete Wealth Advisors LLC bought a new position in shares of Nordic American Tankers in the 3rd quarter valued at approximately $27,000. Prospera Financial Services Inc acquired a new position in Nordic American Tankers during the 1st quarter worth $30,000. Finally, Quantbot Technologies LP bought a new position in Nordic American Tankers in the 2nd quarter worth approximately $30,000. Institutional investors own 33.46% of the company’s stock.