Nordic American Tankers Limited (NYSE:NAT) announced its earnings results on Monday. The shipping company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.13) by $0.03, Briefing.com reports. The business had revenue of $39.10 million for the quarter, compared to the consensus estimate of $42.47 million. Nordic American Tankers Limited had a return on equity of 0.25% and a net margin of 0.06%. Nordic American Tankers Limited’s revenue for the quarter was down 29.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 EPS.

Shares of Nordic American Tankers Limited (NAT) traded down 1.5744% during trading on Monday, hitting $5.6201. The stock had a trading volume of 764,645 shares. The stock has a 50 day moving average price of $6.10 and a 200-day moving average price of $7.40. Nordic American Tankers Limited has a one year low of $5.47 and a one year high of $12.52. The stock’s market capitalization is $573.08 million.

The company also recently declared a dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, August 14th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 10th. Nordic American Tankers Limited’s dividend payout ratio (DPR) is presently 4,000.00%.

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NAT has been the topic of several research analyst reports. Zacks Investment Research cut Nordic American Tankers Limited from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Maxim Group restated a “sell” rating and set a $6.00 target price on shares of Nordic American Tankers Limited in a report on Friday, April 21st. Jefferies Group LLC restated a “sell” rating and set a $5.00 target price (down previously from $7.00) on shares of Nordic American Tankers Limited in a report on Monday, May 8th. Finally, Vetr cut Nordic American Tankers Limited from a “strong-buy” rating to a “buy” rating and set a $7.08 target price on the stock. in a report on Monday, May 8th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $6.93.

About Nordic American Tankers Limited

Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company’s Suezmaxes tankers can carry over one million barrels of oil.

Earnings History for Nordic American Tankers Limited (NYSE:NAT)

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