What is B. Riley’s Estimate for NAT FY2025 Earnings?

Nordic American Tankers Limited (NYSE:NAT) – Equities researchers at B. Riley dropped their FY2025 earnings estimates for Nordic American Tankers in a research report issued to clients and investors on Wednesday, January 15th. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings of $0.26 per share for the year, down from their previous estimate of $0.39. The consensus estimate for Nordic American Tankers’ current full-year earnings is $0.25 per share.

Several other equities research analysts also recently commented on NAT. StockNews.com raised Nordic American Tankers from a “sell” rating to a “hold” rating in a report on Monday, December 2nd. Jefferies Financial Group reissued a “hold” rating and issued a $3.50 target price on shares of Nordic American Tankers in a research report on Friday, November 29th.

Nordic American Tankers Stock Performance

NAT opened at $2.75 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 0.36. The firm has a market cap of $573.16 million, a PE ratio of 9.47 and a beta of -0.29. The business has a fifty day simple moving average of $2.74 and a 200-day simple moving average of $3.31. Nordic American Tankers has a fifty-two week low of $2.41 and a fifty-two week high of $4.55.

Institutional Investors Weigh In On Nordic American Tankers

Several hedge funds have recently bought and sold shares of NAT. American Century Companies Inc. increased its holdings in shares of Nordic American Tankers by 40.5% in the 2nd quarter. American Century Companies Inc. now owns 3,499,565 shares of the shipping company’s stock valued at $13,928,000 after purchasing an additional 1,009,096 shares during the period. Dimensional Fund Advisors LP increased its stake in Nordic American Tankers by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,606,339 shares of the shipping company’s stock valued at $46,195,000 after buying an additional 621,588 shares during the period. XTX Topco Ltd purchased a new stake in Nordic American Tankers in the 2nd quarter worth approximately $260,000. Sei Investments Co. lifted its position in Nordic American Tankers by 9.1% in the 2nd quarter. Sei Investments Co. now owns 91,791 shares of the shipping company’s stock worth $365,000 after buying an additional 7,663 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Nordic American Tankers by 180.9% during the 2nd quarter. AQR Capital Management LLC now owns 420,727 shares of the shipping company’s stock valued at $1,674,000 after buying an additional 270,946 shares during the period. 44.29% of the stock is owned by hedge funds and other institutional investors.

Nordic American Tankers Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 17.49%. Nordic American Tankers’s dividend payout ratio is 55.17%.

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.