Free Trial

Nordic American Tankers (NYSE:NAT) Raised to Hold at Wall Street Zen

Nordic American Tankers logo with Transportation background

Wall Street Zen upgraded shares of Nordic American Tankers (NYSE:NAT - Free Report) from a sell rating to a hold rating in a research note published on Saturday morning.

Separately, Jefferies Financial Group restated a "hold" rating and set a $3.00 price target on shares of Nordic American Tankers in a research note on Thursday, May 29th.

Check Out Our Latest Stock Analysis on Nordic American Tankers

Nordic American Tankers Stock Up 1.5%

NYSE NAT traded up $0.04 on Friday, hitting $2.75. 1,864,820 shares of the company were exchanged, compared to its average volume of 2,601,126. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 0.49. The company has a market cap of $582.31 million, a PE ratio of 12.50 and a beta of -0.19. The stock has a fifty day moving average of $2.69 and a 200-day moving average of $2.62. Nordic American Tankers has a 12 month low of $2.13 and a 12 month high of $3.91.

Nordic American Tankers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were issued a dividend of $0.07 per share. This is a positive change from Nordic American Tankers's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 10.18%. The ex-dividend date was Thursday, June 12th. Nordic American Tankers's payout ratio is currently 127.27%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new stake in Nordic American Tankers in the 4th quarter valued at $26,000. Summit Financial LLC purchased a new position in Nordic American Tankers in the fourth quarter worth $32,000. Avantax Advisory Services Inc. purchased a new stake in Nordic American Tankers during the fourth quarter worth about $33,000. Red Door Wealth Management LLC bought a new stake in Nordic American Tankers in the first quarter worth about $39,000. Finally, AXQ Capital LP purchased a new position in Nordic American Tankers in the fourth quarter valued at approximately $43,000. Institutional investors own 44.29% of the company's stock.

Nordic American Tankers Company Profile

(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.

Featured Stories

Should You Invest $1,000 in Nordic American Tankers Right Now?

Before you consider Nordic American Tankers, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nordic American Tankers wasn't on the list.

While Nordic American Tankers currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines