Nordic American Tankers (NYSE:NAT - Get Free Report)'s stock had its "hold" rating reaffirmed by equities research analysts at Jefferies Financial Group in a research note issued to investors on Thursday,Benzinga reports. They presently have a $3.00 price objective on the shipping company's stock. Jefferies Financial Group's price objective points to a potential upside of 13.64% from the stock's previous close.
Separately, Wall Street Zen lowered Nordic American Tankers from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th.
Check Out Our Latest Report on Nordic American Tankers
Nordic American Tankers Stock Performance
NAT stock traded up $0.08 on Thursday, reaching $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 52 week low of $2.13 and a 52 week high of $4.23. The company has a market capitalization of $559.02 million, a P/E ratio of 9.10 and a beta of -0.27. The firm has a fifty day moving average of $2.54 and a two-hundred day moving average 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 (NYSE:NAT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02). The business had revenue of $46.39 million during the quarter, compared to the consensus estimate of $51.38 million. Nordic American Tankers had a return on equity of 11.95% and a net margin of 26.41%. As a group, analysts predict that Nordic American Tankers will post 0.24 EPS for the current fiscal year.
Institutional Investors Weigh In On Nordic American Tankers
A number of institutional investors and hedge funds have recently modified their holdings of NAT. Sequoia Financial Advisors LLC acquired a new stake in shares of Nordic American Tankers during the 4th quarter valued at $26,000. Summit Financial LLC acquired a new stake in shares of Nordic American Tankers during the 4th quarter valued at $32,000. Avantax Advisory Services Inc. acquired a new stake in shares of Nordic American Tankers during the 4th quarter valued at $33,000. Red Door Wealth Management LLC acquired a new stake in shares of Nordic American Tankers during the 1st quarter valued at $39,000. Finally, AXQ Capital LP acquired a new stake in shares of Nordic American Tankers during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 44.29% of the company's stock.
About Nordic American Tankers
(
Get Free Report)
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.
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