FY2025 Earnings Estimate for NAT Issued By B. Riley

Nordic American Tankers Limited (NYSE:NAT) – Equities researchers at B. Riley lifted their FY2025 earnings estimates for Nordic American Tankers in a research note issued to investors on Thursday, October 24th. B. Riley analyst L. Burke now expects that the shipping company will post earnings of $0.49 per share for the year, up from their prior estimate of $0.48. The consensus estimate for Nordic American Tankers’ current full-year earnings is $0.38 per share.

Nordic American Tankers (NYSE:NAT) last issued its earnings results on Tuesday, September 3rd. The shipping company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $66.10 million for the quarter, compared to the consensus estimate of $54.34 million. Nordic American Tankers had a net margin of 26.35% and a return on equity of 11.60%. During the same period in the previous year, the company earned $0.13 earnings per share.

Several other equities analysts also recently commented on NAT. Jefferies Financial Group reiterated a “hold” rating and issued a $4.00 price objective on shares of Nordic American Tankers in a report on Thursday, September 12th. StockNews.com upgraded shares of Nordic American Tankers from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Evercore ISI decreased their price objective on shares of Nordic American Tankers from $4.50 to $4.00 and set an “in-line” rating on the stock in a report on Friday, August 30th.

Nordic American Tankers Price Performance

Shares of NAT opened at $3.35 on Friday. The company has a market cap of $699.48 million, a price-to-earnings ratio of 11.55 and a beta of -0.20. Nordic American Tankers has a 1-year low of $3.31 and a 1-year high of $4.83. The company’s fifty day simple moving average is $3.63 and its 200 day simple moving average is $3.81. The company has a current ratio of 0.79, a quick ratio of 0.63 and a debt-to-equity ratio of 0.36.

Nordic American Tankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Thursday, September 26th will be issued a $0.12 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.48 annualized dividend and a dividend yield of 14.33%. Nordic American Tankers’s dividend payout ratio is currently 165.52%.

Hedge Funds Weigh In On Nordic American Tankers

Institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new position in shares of Nordic American Tankers in the second quarter valued at about $25,000. Diversify Advisory Services LLC acquired a new position in shares of Nordic American Tankers in the first quarter valued at about $41,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Nordic American Tankers in the first quarter valued at about $45,000. Bluefin Capital Management LLC acquired a new position in shares of Nordic American Tankers in the second quarter valued at about $47,000. Finally, SG Americas Securities LLC acquired a new position in shares of Nordic American Tankers in the first quarter valued at about $47,000. 44.29% of the stock is currently owned by institutional investors and hedge funds.

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.