Brokerages Expect Nordic American Tanker Ltd (NAT) Will Post Earnings of -$0.11 Per Share
Analysts forecast that Nordic American Tanker Ltd (NYSE:NAT) will report earnings per share of ($0.11) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Nordic American Tanker’s earnings, with the lowest EPS estimate coming in at ($0.26) and the highest estimate coming in at $0.03. Nordic American Tanker posted earnings of ($0.02) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 450%. The firm is scheduled to report its next earnings report on Monday, February 5th.
Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Nordic American Tanker.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Nordic American Tanker from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 10th. Maxim Group reiterated a “sell” rating and issued a $3.00 target price (down from $4.00) on shares of Nordic American Tanker in a research note on Monday, October 23rd. Morgan Stanley lowered their target price on shares of Nordic American Tanker from $6.50 to $5.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 8th. Jefferies Group upgraded shares of Nordic American Tanker from an “underperform” rating to a “hold” rating and set a $3.00 target price for the company in a research note on Thursday, December 14th. Finally, Clarkson Capital upgraded shares of Nordic American Tanker from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Nordic American Tanker has an average rating of “Hold” and an average price target of $4.86.
Shares of Nordic American Tanker (NYSE NAT) opened at $2.63 on Thursday. The company has a market cap of $373.32, a P/E ratio of -2.89 and a beta of 0.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.52 and a quick ratio of 2.71. Nordic American Tanker has a 12 month low of $2.45 and a 12 month high of $9.39.
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Nordic American Tanker Company Profile
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.
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