Nordic American Tankers (NYSE:NAT) Releases Earnings Results, Misses Expectations By $0.04 EPS

Nordic American Tankers (NYSE:NAT) released its earnings results on Tuesday. The shipping company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04), MarketWatch Earnings reports. Nordic American Tankers had a return on equity of 14.59% and a net margin of 32.35%.

Shares of NYSE:NAT opened at $3.25 on Friday. Nordic American Tankers has a 12-month low of $2.30 and a 12-month high of $9.00. The company has a market capitalization of $478.86 million, a PE ratio of 5.51 and a beta of 0.60. The business has a 50 day moving average of $3.28 and a two-hundred day moving average of $4.12. The company has a current ratio of 1.80, a quick ratio of 1.70 and a debt-to-equity ratio of 0.50.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, December 2nd will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Tuesday, December 1st. Nordic American Tankers’s payout ratio is presently -1,142.86%.

A number of equities research analysts recently commented on NAT shares. Zacks Investment Research downgraded Nordic American Tankers from a “hold” rating to a “sell” rating in a report on Tuesday, October 27th. Jefferies Financial Group decreased their target price on Nordic American Tankers from $4.50 to $3.50 and set a “hold” rating for the company in a report on Friday, October 23rd. Finally, TheStreet raised Nordic American Tankers from a “c” rating to a “b-” rating in a report on Wednesday, September 9th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Nordic American Tankers has a consensus rating of “Hold” and an average target price of $4.08.

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 23 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011.

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Earnings History for Nordic American Tankers (NYSE:NAT)

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