Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Nordic American Tankers Limited (NAT) Share Price
News headlines about Nordic American Tankers Limited (NYSE:NAT) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nordic American Tankers Limited earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 46.2506310238 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several equities research analysts have recently weighed in on NAT shares. Vetr raised Nordic American Tankers Limited from a “sell” rating to a “hold” rating and set a $7.08 target price for the company in a research report on Monday, May 15th. Maxim Group decreased their target price on Nordic American Tankers Limited from $6.00 to $5.00 and set a “sell” rating for the company in a research report on Monday, May 15th. Zacks Investment Research downgraded Nordic American Tankers Limited from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, Evercore ISI downgraded Nordic American Tankers Limited from an “in-line” rating to an “underperform” rating and decreased their target price for the stock from $6.00 to $5.00 in a research report on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $6.93.
Shares of Nordic American Tankers Limited (NAT) traded up 2.9956% on Thursday, reaching $4.6657. The company had a trading volume of 853,249 shares. The firm’s market capitalization is $475.76 million. Nordic American Tankers Limited has a 52-week low of $4.41 and a 52-week high of $11.11. The company has a 50-day moving average price of $5.62 and a 200-day moving average price of $6.92.
Nordic American Tankers Limited (NYSE:NAT) last posted its quarterly earnings data on Monday, August 7th. The shipping company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.03. The business had revenue of $39.10 million during the quarter, compared to the consensus estimate of $42.47 million. Nordic American Tankers Limited had a return on equity of 0.25% and a net margin of 0.06%. The company’s revenue for the quarter was down 29.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Equities research analysts forecast that Nordic American Tankers Limited will post ($0.39) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, August 14th will be paid a $0.15 dividend. The ex-dividend date is Thursday, August 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 13.25%. Nordic American Tankers Limited’s payout ratio is presently 2,000.00%.
Nordic American Tankers Limited Company Profile
Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company’s Suezmaxes tankers can carry over one million barrels of oil.
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