Nordic American Tankers (NAT) Projected to Post Earnings on Wednesday

Nordic American Tankers (NYSE:NAT) is expected to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, June 4th. Analysts expect Nordic American Tankers to post earnings of $0.01 per share and revenue of $43.43 million for the quarter.

Nordic American Tankers (NYSE:NAT) last released its earnings results on Wednesday, March 5th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $46.39 million during the quarter, compared to analysts’ expectations of $51.38 million. Nordic American Tankers had a net margin of 26.41% and a return on equity of 11.95%. On average, analysts expect Nordic American Tankers to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nordic American Tankers Trading Up 1.5%

NYSE:NAT opened at $2.71 on Wednesday. The firm has a market cap of $573.85 million, a PE ratio of 9.34 and a beta of -0.27. The stock has a fifty day moving average price of $2.53 and a 200 day moving average price of $2.63. Nordic American Tankers has a 12-month low of $2.13 and a 12-month high of $4.35. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.36.

Nordic American Tankers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.06 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.24 dividend on an annualized basis and a yield of 8.86%. Nordic American Tankers’s dividend payout ratio (DPR) is presently 109.09%.

Institutional Trading of Nordic American Tankers

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its stake in Nordic American Tankers by 22.6% in the first quarter. Jane Street Group LLC now owns 428,298 shares of the shipping company’s stock valued at $1,054,000 after buying an additional 78,948 shares in the last quarter. Empowered Funds LLC raised its stake in Nordic American Tankers by 8.9% in the first quarter. Empowered Funds LLC now owns 221,939 shares of the shipping company’s stock valued at $546,000 after buying an additional 18,222 shares in the last quarter. AQR Capital Management LLC raised its stake in Nordic American Tankers by 269.8% in the first quarter. AQR Capital Management LLC now owns 129,546 shares of the shipping company’s stock valued at $319,000 after buying an additional 94,514 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in Nordic American Tankers by 298.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 68,325 shares of the shipping company’s stock valued at $168,000 after buying an additional 51,187 shares in the last quarter. 44.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NAT has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $3.00 target price on shares of Nordic American Tankers in a report on Friday, February 28th. Wall Street Zen cut Nordic American Tankers from a “hold” rating to a “sell” rating in a research note on Wednesday, April 9th.

Nordic American Tankers Company Profile

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.