Nordic American Tankers (NYSE:NAT – Get Rating) posted its quarterly earnings results on Monday. The shipping company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02, MarketWatch Earnings reports. The business had revenue of $87.09 million for the quarter, compared to the consensus estimate of $79.55 million. Nordic American Tankers had a return on equity of 17.23% and a net margin of 37.03%. During the same quarter in the previous year, the business earned ($0.14) EPS.
Nordic American Tankers Stock Performance
NYSE NAT opened at $3.83 on Wednesday. The stock has a market capitalization of $799.70 million, a price-to-earnings ratio of 9.12 and a beta of 0.09. Nordic American Tankers has a twelve month low of $1.80 and a twelve month high of $4.65. The company has a current ratio of 1.97, a quick ratio of 1.62 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $3.67 and a 200 day moving average of $3.52.
Nordic American Tankers Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Thursday, June 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.60 annualized dividend and a dividend yield of 15.67%. Nordic American Tankers’s dividend payout ratio (DPR) is presently 142.86%.
Analysts Set New Price Targets
Hedge Funds Weigh In On Nordic American Tankers
Large investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. acquired a new position in Nordic American Tankers in the 3rd quarter worth about $31,000. Kestra Private Wealth Services LLC acquired a new position in Nordic American Tankers in the 1st quarter worth about $25,000. Franklin Resources Inc. acquired a new position in Nordic American Tankers in the 4th quarter worth about $36,000. Clear Street Markets LLC acquired a new position in Nordic American Tankers in the 4th quarter worth about $37,000. Finally, Envestnet Asset Management Inc. acquired a new position in Nordic American Tankers in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 40.41% of the company’s stock.
Nordic American Tankers Company Profile
Nordic American Tankers Ltd. operates as an international tanker company. It owns and operates Suezmax crude oil tankers. The company was founded by Herbjorn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda.
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