Nordic American Tankers (NAT) Projected to Post Earnings on Wednesday

Nordic American Tankers (NYSE:NAT - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, June 4th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $43.43 million for the quarter.

Nordic American Tankers (NYSE:NAT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The shipping company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $46.39 million for the quarter, compared to the consensus estimate of $51.38 million. Nordic American Tankers had a net margin of 26.41% and a return on equity of 11.95%. On average, analysts expect Nordic American Tankers to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nordic American Tankers Price Performance

Shares of NAT traded up $0.08 during mid-day trading on Friday, hitting $2.64. The company's stock had a trading volume of 2,439,681 shares, compared to its average volume of 2,524,317. Nordic American Tankers has a fifty-two week low of $2.13 and a fifty-two week high of $4.23. The stock has a market capitalization of $559.02 million, a price-to-earnings ratio of 9.10 and a beta of -0.27. The firm has a 50-day moving average price of $2.54 and a 200 day moving average price of $2.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.73 and a quick ratio of 0.56.

Nordic American Tankers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.28 annualized dividend and a dividend yield of 10.61%. This is a boost from Nordic American Tankers's previous quarterly dividend of $0.06. Nordic American Tankers's dividend payout ratio is currently 127.27%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NAT. Wall Street Zen cut Nordic American Tankers from a "hold" rating to a "sell" rating in a report on Friday. Jefferies Financial Group reiterated a "hold" rating and issued a $3.00 price target on shares of Nordic American Tankers in a research report on Thursday.

Institutional Investors Weigh In On Nordic American Tankers

A number of large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd grew its position in Nordic American Tankers by 298.7% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 68,325 shares of the shipping company's stock worth $168,000 after purchasing an additional 51,187 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Nordic American Tankers by 269.8% in the first quarter. AQR Capital Management LLC now owns 129,546 shares of the shipping company's stock worth $319,000 after buying an additional 94,514 shares during the period. Empowered Funds LLC grew its holdings in shares of Nordic American Tankers by 8.9% during the first quarter. Empowered Funds LLC now owns 221,939 shares of the shipping company's stock valued at $546,000 after buying an additional 18,222 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Nordic American Tankers by 22.6% during the first quarter. Jane Street Group LLC now owns 428,298 shares of the shipping company's stock valued at $1,054,000 after buying an additional 78,948 shares during the period. Institutional investors and hedge funds own 44.29% of the company's stock.

About Nordic American Tankers

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 20 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.