Nordic American Tanker Ltd (NYSE:NAT) – Investment analysts at Jefferies Group issued their Q2 2018 EPS estimates for shares of Nordic American Tanker in a note issued to investors on Friday. Jefferies Group analyst R. Giveans expects that the shipping company will post earnings of ($0.18) per share for the quarter. Jefferies Group has a “Hold” rating and a $3.00 price objective on the stock. Jefferies Group also issued estimates for Nordic American Tanker’s Q3 2018 earnings at ($0.10) EPS, Q4 2018 earnings at ($0.01) EPS and FY2019 earnings at $0.30 EPS.
Nordic American Tanker (NYSE:NAT) last posted its quarterly earnings results on Friday, November 3rd. The shipping company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.10). Nordic American Tanker had a negative return on equity of 6.49% and a negative net margin of 32.51%. The business had revenue of $23.67 million during the quarter, compared to the consensus estimate of $28.74 million.
Nordic American Tanker (NAT) opened at $2.50 on Monday. Nordic American Tanker has a 52 week low of $2.45 and a 52 week high of $8.88. The company has a quick ratio of 2.71, a current ratio of 3.52 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $354.87, a P/E ratio of -2.75 and a beta of 0.89.
Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Nordic American Tanker by 37.9% during the 2nd quarter. Principal Financial Group Inc. now owns 16,198 shares of the shipping company’s stock worth $103,000 after buying an additional 4,454 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Nordic American Tanker during the third quarter valued at about $158,000. Belpointe Asset Management LLC bought a new stake in Nordic American Tanker during the third quarter valued at about $241,000. Voya Investment Management LLC boosted its position in Nordic American Tanker by 14.0% during the second quarter. Voya Investment Management LLC now owns 46,032 shares of the shipping company’s stock valued at $292,000 after purchasing an additional 5,659 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Nordic American Tanker during the second quarter valued at about $479,000. 17.03% of the stock is currently owned by institutional investors and hedge funds.
About Nordic American Tanker
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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