Nordic American Tankers (NYSE:NAT) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Nordic American Tankers Limited (NYSE:NAT) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.68 and traded as high as $5.30. Nordic American Tankers shares last traded at $5.2240, with a volume of 3,391,404 shares.

Key Stories Impacting Nordic American Tankers

Here are the key news stories impacting Nordic American Tankers this week:

• Positive Sentiment: Nordic American Tankers said Vice-Chairman Alexander Hansson bought 300,000 shares at $5.16 each, lifting his holdings to 5,855,000 shares and the Hansson family’s stake to 11,355,000 shares, or 5.4% of outstanding shares. Insider buying can signal management confidence in the company’s outlook. Article Title
• Positive Sentiment: The company also raised its quarterly dividend to $0.22 per share from $0.17, a 29.4% increase, signaling stronger cash generation and a more attractive yield for income-focused investors.
• Positive Sentiment: NAT reported quarterly earnings of $0.17 per share, topping analyst expectations, and management said market conditions are now the best in decades for the tanker business, which supports a constructive outlook for rates and profitability. Article Title
• Neutral Sentiment: A separate earnings snapshot reiterated the quarter’s results and the dividend announcement, reinforcing the same upbeat narrative without adding much new information. Article Title
• Negative Sentiment: Revenue for the quarter came in below estimates, so while earnings beat expectations, the top line was softer than analysts had forecast.

Wall Street Analyst Weigh In

Separately, Evercore lowered Nordic American Tankers from an “in-line” rating to an “underperform” rating and set a $4.50 target price on the stock. in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $4.00.

Nordic American Tankers Trading Up 2.0%

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.94 and a current ratio of 2.24. The business has a fifty day simple moving average of $5.68 and a 200 day simple moving average of $4.69. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 73.44 and a beta of -0.54.

Nordic American Tankers (NYSE:NAT) last issued its quarterly earnings data on Friday, February 27th. The shipping company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Nordic American Tankers had a net margin of 6.39% and a return on equity of 2.47%. The firm had revenue of $58.76 million during the quarter, compared to analyst estimates of $69.43 million. As a group, research analysts expect that Nordic American Tankers Limited will post 0.43 EPS for the current year.

Nordic American Tankers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 17.1%. The ex-dividend date is Wednesday, June 10th. This is a positive change from Nordic American Tankers’s previous quarterly dividend of $0.17. Nordic American Tankers’s dividend payout ratio is currently 971.43%.

Institutional Trading of Nordic American Tankers

A number of institutional investors have recently modified their holdings of NAT. SmartHarvest Portfolios LLC increased its holdings in Nordic American Tankers by 18.0% in the 1st quarter. SmartHarvest Portfolios LLC now owns 13,666 shares of the shipping company’s stock worth $80,000 after purchasing an additional 2,087 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Nordic American Tankers by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 37,492 shares of the shipping company’s stock valued at $129,000 after purchasing an additional 2,416 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Nordic American Tankers by 4.7% during the fourth quarter. Cerity Partners LLC now owns 54,470 shares of the shipping company’s stock worth $187,000 after purchasing an additional 2,449 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Nordic American Tankers by 9.5% during the fourth quarter. Signaturefd LLC now owns 35,883 shares of the shipping company’s stock worth $123,000 after purchasing an additional 3,120 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Nordic American Tankers by 21.4% in the third quarter. Sequoia Financial Advisors LLC now owns 19,260 shares of the shipping company’s stock valued at $60,000 after buying an additional 3,395 shares during the period. 44.29% of the stock is currently owned by institutional investors.

About Nordic American Tankers

Nordic American Tankers Limited is a Bermuda-based shipping company specializing in the ownership and operation of Suezmax crude oil tankers. The company’s fleet is employed on the spot and period charter markets, transporting crude oil across major global trade routes. By focusing on commercially flexible employment strategies, Nordic American Tankers seeks to optimize vessel utilization and generate stable income for shareholders.

Founded in 1995 and headquartered in Hamilton, Bermuda, Nordic American Tankers maintains technical and commercial management arrangements through established ship-management partners.