B. Riley Has Positive Outlook for NAT FY2025 Earnings

Nordic American Tankers Limited (NYSE:NAT) – Equities research analysts at B. Riley upped their FY2025 earnings estimates for shares of Nordic American Tankers in a research note issued on Thursday, October 24th. B. Riley analyst L. Burke now expects that the shipping company will earn $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.

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

Nordic American Tankers Price Performance

Nordic American Tankers stock opened at $3.35 on Friday. Nordic American Tankers has a 12-month low of $3.31 and a 12-month high of $4.83. The stock has a market capitalization of $698.44 million, a P/E ratio of 11.53 and a beta of -0.20. The firm’s 50-day moving average is $3.63 and its two-hundred day moving average is $3.81. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.79 and a quick ratio of 0.63.

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

Nordic American Tankers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Thursday, September 26th will be given a $0.12 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.48 annualized dividend and a dividend yield of 14.35%. Nordic American Tankers’s dividend payout ratio is presently 165.52%.

Institutional Investors Weigh In On Nordic American Tankers

Hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC raised its holdings in Nordic American Tankers by 8.5% in the first quarter. ProShare Advisors LLC now owns 36,894 shares of the shipping company’s stock valued at $145,000 after buying an additional 2,904 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in Nordic American Tankers by 6.9% in the second quarter. Kingswood Wealth Advisors LLC now owns 46,596 shares of the shipping company’s stock valued at $185,000 after buying an additional 3,003 shares during the period. Pettinga Financial Advisors LLC raised its holdings in Nordic American Tankers by 38.3% in the first quarter. Pettinga Financial Advisors LLC now owns 15,900 shares of the shipping company’s stock valued at $62,000 after buying an additional 4,400 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Nordic American Tankers by 50.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 16,024 shares of the shipping company’s stock valued at $66,000 after buying an additional 5,347 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Nordic American Tankers in the second quarter valued at approximately $25,000. 44.29% of the stock is 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.