Nordic American Tankers Ltd. (NYSE:NAT) shares traded down 2.9% during trading on Monday . The stock traded as low as $11.79 and last traded at $11.86, with a volume of 945,167 shares traded. The stock had previously closed at $12.21.

Several research analysts have recently commented on the company. Vetr downgraded Nordic American Tankers from a “buy” rating to a “hold” rating and set a $16.20 price objective on the stock. in a research note on Tuesday, May 10th. Seaport Global Securities cut Nordic American Tankers from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research report on Wednesday, May 4th. Finally, Zacks Investment Research upgraded Nordic American Tankers from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, April 27th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Nordic American Tankers presently has a consensus rating of “Hold” and a consensus target price of $14.20.

The stock has a 50 day moving average of $13.09 and a 200-day moving average of $13.86. The firm has a market capitalization of $1.06 billion and a PE ratio of 10.75.

Nordic American Tankers (NYSE:NAT) last announced its earnings results on Monday, August 8th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. During the same period in the previous year, the company earned $0.35 EPS. On average, equities analysts forecast that Nordic American Tankers Ltd. will post $0.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, August 15th. This represents a $1.00 annualized dividend and a yield of 8.45%.

A number of hedge funds have recently bought and sold shares of NAT. New York State Common Retirement Fund increased its stake in Nordic American Tankers by 4.3% in the fourth quarter. New York State Common Retirement Fund now owns 87,900 shares of the company’s stock valued at $1,366,000 after buying an additional 3,600 shares during the last quarter. Rhumbline Advisers increased its stake in Nordic American Tankers by 1.9% in the fourth quarter. Rhumbline Advisers now owns 117,110 shares of the company’s stock valued at $1,820,000 after buying an additional 2,160 shares during the last quarter. Bank of Montreal Can increased its stake in Nordic American Tankers by 284.5% in the fourth quarter. Bank of Montreal Can now owns 164,224 shares of the company’s stock valued at $2,552,000 after buying an additional 121,509 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Nordic American Tankers by 7.0% in the fourth quarter. California Public Employees Retirement System now owns 204,200 shares of the company’s stock valued at $3,173,000 after buying an additional 13,400 shares during the last quarter.

Nordic American Tankers Limited is an international tanker company. The Company owns approximately 30 vessels. The Company’s Suezmaxes tankers can carry over one million barrels of oil. The vessels in the Company’s fleet are homogenous and interchangeable. The Company’s vessels are employed in the spot market.

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