Nordic American Tankers Limited (NYSE:NAT) is set to announce its earnings results before the market opens on Monday, November 6th.

Nordic American Tankers Limited (NYSE:NAT) last announced its quarterly earnings data on Monday, August 7th. The shipping company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). Nordic American Tankers Limited had a net margin of 0.06% and a return on equity of 0.25%. The firm had revenue of $39.10 million during the quarter, compared to the consensus estimate of $42.47 million. During the same period last year, the business earned $0.15 EPS. The business’s revenue was down 29.2% on a year-over-year basis. On average, analysts expect Nordic American Tankers Limited to post $-0.48 EPS for the current fiscal year and $0.11 EPS for the next fiscal year.

Shares of Nordic American Tankers Limited (NYSE NAT) traded up 1.196% on Monday, hitting $4.655. 168,886 shares of the stock were exchanged. Nordic American Tankers Limited has a 1-year low of $4.35 and a 1-year high of $9.95. The stock’s 50-day moving average is $5.23 and its 200-day moving average is $6.02. The stock’s market cap is $474.67 million.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 13th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, November 10th. This represents a $0.12 annualized dividend and a yield of 2.61%. Nordic American Tankers Limited’s payout ratio is currently 2,000.00%.

Several equities analysts recently weighed in on NAT shares. TheStreet lowered shares of Nordic American Tankers Limited from a “c-” rating to a “d+” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Nordic American Tankers Limited from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Jefferies Group LLC reiterated a “sell” rating and set a $5.00 target price on shares of Nordic American Tankers Limited in a research report on Monday, July 17th. Maxim Group set a $5.00 target price on shares of Nordic American Tankers Limited and gave the stock a “sell” rating in a research report on Saturday, July 22nd. Finally, BidaskClub lowered shares of Nordic American Tankers Limited from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. Nordic American Tankers Limited presently has a consensus rating of “Hold” and an average target price of $6.25.

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Nordic American Tankers Limited 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.

Earnings History for Nordic American Tankers Limited (NYSE:NAT)

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