Economy

Nordic American Tankers Limited (NYSE:NAT) Valuation According To Analysts

Nordic American Tanker Shipping Ltd (NYSE:NAT) has grabbed attention from the analysts, when it saw a value decrease of -3.68% or -0.19 points in the last trading session to close at $4.98. The dividend payment will be $0.100 per share for the quarter or $0.40 annualized. For the current year the company's revenue estimates are $181.45 Million compared to low analyst estimates of $172.87 Million and high estimates of $191.99 Million according to the prediction of 6 analysts.

Consequently Nordic American Tanker Shipping Ltd (NYSE:NAT)'s weekly and monthly volatility is 7.06%, 4.51% respectively. The firm's market capitalization is $482.31 million.

Equities researchers at Jefferies Group dropped their Q3 2017 EPS estimates for Nordic American Tankers Limited in a research note issued on Thursday. Nordic American Tanker Shipping Ltd (NYSE:NAT) has trailing twelve month Return on Assets of -4.9%, which is key indicator of how profitable a company is relative to its total assets. Zacks Investment Research upgraded shares of Nordic American Tankers Limited from a strong sell rating to a hold rating in a report on Wednesday, August 16th.

02/07/2017 - Nordic American Tankers Limited had its "equal-weight" rating reiterated by analysts at Morgan Stanley. Jefferies maintained the shares of NAT in report on Monday, September 25 with "Sell" rating. The difference between the expected and actual EPS was $-0.01/share, which represents an Earnings surprise of -6.7%. Additionally Nordic American Tankers Limited recently declared a dividend for shareholders that will be paid on Tuesday December 5th, 2017.

The Relative Volume of the company is 1.94 and Average Volume (3 months) is 968.87 million.

As of the latest earnings report the EPS was $-0.67 and is estimated to be $-0.46 for the current year with 101,969,000 shares now outstanding.

The stock is trading at $4.61 well below the 50 day moving average which is $5.33 and which is much lower than the 200 day moving average of $6.15. If you are viewing this report on another site, it was illegally copied and republished in violation of USA and global copyright and trademark legislation. The company now has a consensus rating of Hold and an average price target of $6.25.

Several hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its holdings in shares of Nordic American Tankers Limited by 8.1% in the first quarter. Shelton Capital Management boosted its stake in shares of Nordic American Tankers Limited by 33.3% in the second quarter. Its last month's stock price volatility remained 2.93% which for the week stands at 2.76%. The last closing price is down -19.01% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the date range. Dimensional Fund Advisors LP now owns 411,778 shares of the shipping company's stock valued at $2,611,000 after buying an additional 3,425 shares during the period. Hedge funds and other institutional investors own 30.93% of the company's stock.

Shares of Nordic American Tanker Shipping Ltd (NYSE:NAT) now have an Average Brokerage Recommendation of 3.71, number of Recs in ABR is 7 while industry rank of the company by ABR is 209 out of 265. The Firm owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage each.



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