Economy

What Are Analysts Suggestions On Nordic American Tankers Limited (NAT)

We see here that Nordic American Tankers Limited (NYSE:NAT) is -23.52% away from the 20-Day Simple Moving Average. It has a market cap of $350.68 Million. The company is estimating to achieve earnings per share (EPS) growth of -103.70% in this year and the earnings per share (EPS) growth expected to be 61.70% in the next year. Jefferies maintained Nordic American Tankers Limited (NYSE:NAT) rating on Wednesday, July 27.

Jefferies now has a $4.0 price target on shares of Nordic American Tanker (NYSE:NAT). Morgan Stanley reduced their price objective on shares of Nordic American Tanker from $9.00 to $8.50 and set an equal weight rating for the company in a research report on Tuesday, February 7th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company.

In case of Revenue Estimates, 7 analysts have provided their consensus Average Revenue Estimates for Nordic American Tankers Limited as 45.38 Million.

While looking at the Stock's Performance, Nordic American Tankers Limited now shows a Weekly Performance of -3.47%, where Monthly Performance is -39.02%, Quarterly performance is -52.65%, 6 Months performance is -59.12% and yearly performance percentage is -70.6%. The firm has "Underperform" rating given on Wednesday, July 27 by Jefferies.

Nordic American Tankers Limited on 9/29/2017 reported its EPS as $-0.02 with the analysts projecting the EPS of the stock as $0.01. Nordic American Tankers Limi now has $354.88 million valuation. The business had revenue of $55.20 million for the quarter, compared to the consensus estimate of $55.53 million. While in the same Quarter Previous year, the Actual EPS was $-0.02.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Monday, November 13th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.80 dividend on an annualized basis and a yield of 10.84%. Nordic American Tanker's dividend payout ratio is presently 210.53%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NAT. Geode Capital Management LLC increased its holdings in Nordic American Tanker by 12.5% in the first quarter.

The stock has Return on Assets (ROA) of -7.1 percent. Principal Financial Group Inc. increased its holdings in Nordic American Tanker by 37.9% in the second quarter. Earnings surprises can have a huge impact on a company's stock price. Schwab Charles Investment Management Inc. increased its holdings in Nordic American Tanker by 46.7% in the second quarter. The company reported the earnings of $-0.34/Share in the last quarter where the estimated EPS by analysts was $-0.26/share. The stock of Nordic American Tankers Limited (NYSE:NAT) earned "Sell" rating by Jefferies on Thursday, October 19. The Company's Suezmaxes tankers can carry over one million barrels of oil. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each.



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