Maxim Group has "Sell" rating and $6 target. Seaport Global Securities also issued estimates for Nordic American Tanker's Q2 2018 earnings at ($0.13) EPS, Q3 2018 earnings at ($0.16) EPS, FY2018 earnings at ($0.46) EPS and Q4 2019 earnings at ($0.06) EPS.
Wall Street analysts are predicting that Nordic American Tanker Shipping Ltd (NYSE:NAT) will report earnings per share of $-0.18 in their quarterly report. The shipping company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.03). The company has market cap of $297.38 million. Schlumberger Limited (NYSE:SLB) has declined 3.30% since February 15, 2017 and is downtrending. Clarkson Capital raised shares of Nordic American Tanker from a "neutral" rating to a "buy" rating in a report on Friday, January 5th. Seaport Global reinitiated Nordic American Tankers Limited (NYSE:NAT) rating on Wednesday, May 4.
Nordic American Tanker Shipping Ltd (NYSE:NAT) shares traded 0.47% up during most recent session to reach at the closing price of $2.15. Morgan Stanley lowered their price target on shares of Nordic American Tanker from $6.50 to $5.00 and set an equal weight rating on the stock in a research report on Wednesday, November 8th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. They now have a $5.00 price target on the stock, up previously from $6.00.
The stock of Nordic American Tankers Limited (NYSE:NAT) is a huge mover today! At the same time as, it has debt to equity ratio of 0.58 and similar long term debt to equity ratio was 0.58. Nordic American Tanker has a one year low of $1.82 and a one year high of $8.68.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nordic American Tanker had a negative return on equity of 17.48% and a negative net margin of 26.31%.
Best of all were Nordic American Tanker's comments on the year to come.
The company's shares closed at $1.97. Alliancebernstein L.P. increased its holdings in Nordic American Tanker by 5.3% in the 2nd quarter. As for a performance, the company knocking up trend of -73.85% since start of the year and revealed shows upbeat performance moved up activity of -48.83% for the past three months. The SI to Nordic American Tanker's float is 13.88%.
That was less than the $34.3 million loss reported by the Bermudian-based company in the preceding quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Nordic American Tanker during the second quarter worth $479,000. Peoples Finance has 0.5% invested in Schlumberger Limited (NYSE:SLB) for 12,620 shares. This represents a $0.12 dividend on an annualized basis and a yield of 5.48%.
On 10/17/2016 Nordic American Tanker announced a Quarterly dividend of $0.26 10.6% with an ex dividend date of 10/25/2016 which will be payable on 11/10/2016. Jefferies maintained it with "Sell" rating and $4.0 target in Thursday, October 19 report. If you are viewing this report on another publication, it was stolen and republished in violation of USA and worldwide trademark & copyright laws.
Nordic American Tanker Shipping Ltd (NYSE:NAT) 52-week high price stands at $8.60 and low price stands at $1.82, its price distance from 52-week high is -75.01% while its distance from 52-week low price is 18.13%.
Nordic American has a fleet of 33 nearly identical Suezmax tankers, including three that are being built and are due for delivery this year.