Nordic American Tankers (NYSE:NAT) Rating Increased to Buy at Wall Street Zen

Nordic American Tankers (NYSE:NAT) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Evercore cut shares of Nordic American Tankers from an “in-line” rating to an “underperform” rating and set a $4.50 price objective for the company. in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $4.00.

Nordic American Tankers Trading Up 2.0%

Shares of Nordic American Tankers stock opened at $5.14 on Friday. The firm has a 50-day moving average of $5.67 and a 200-day moving average of $4.69. The stock has a market cap of $1.09 billion, a PE ratio of 19.04 and a beta of -0.54. Nordic American Tankers has a 52-week low of $2.55 and a 52-week high of $6.34. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.94 and a current ratio of 2.24.

Nordic American Tankers (NYSE:NAT) last posted its quarterly earnings data on Thursday, May 28th. The shipping company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. Nordic American Tankers had a net margin of 24.19% and a return on equity of 9.12%. The business had revenue of $77.51 million during the quarter, compared to analysts’ expectations of $80.64 million. As a group, sell-side analysts forecast that Nordic American Tankers will post 0.43 EPS for the current year.

Institutional Investors Weigh In On Nordic American Tankers

Several institutional investors and hedge funds have recently bought and sold shares of the company. Axiom Investment Management LLC bought a new stake in Nordic American Tankers during the first quarter worth about $110,000. Bank of America Corp DE lifted its holdings in shares of Nordic American Tankers by 9.9% in the first quarter. Bank of America Corp DE now owns 392,771 shares of the shipping company’s stock worth $2,302,000 after acquiring an additional 35,264 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Nordic American Tankers by 7.5% in the first quarter. Empowered Funds LLC now owns 949,606 shares of the shipping company’s stock worth $5,565,000 after acquiring an additional 66,569 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Nordic American Tankers by 421.1% in the first quarter. Quantinno Capital Management LP now owns 77,875 shares of the shipping company’s stock worth $456,000 after acquiring an additional 62,932 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Nordic American Tankers by 10.4% in the first quarter. Renaissance Technologies LLC now owns 708,107 shares of the shipping company’s stock worth $4,150,000 after acquiring an additional 66,700 shares during the last quarter. Institutional investors own 44.29% of the company’s stock.

Key Nordic American Tankers News

Here are the key news stories impacting Nordic American Tankers this week:

• Positive Sentiment: Nordic American Tankers said Vice-Chairman Alexander Hansson bought 300,000 shares at $5.16 each, lifting his holdings to 5,855,000 shares and the Hansson family’s stake to 11,355,000 shares, or 5.4% of outstanding shares. Insider buying can signal management confidence in the company’s outlook. Article Title
• Positive Sentiment: The company also raised its quarterly dividend to $0.22 per share from $0.17, a 29.4% increase, signaling stronger cash generation and a more attractive yield for income-focused investors.
• Positive Sentiment: NAT reported quarterly earnings of $0.17 per share, topping analyst expectations, and management said market conditions are now the best in decades for the tanker business, which supports a constructive outlook for rates and profitability. Article Title
• Neutral Sentiment: A separate earnings snapshot reiterated the quarter’s results and the dividend announcement, reinforcing the same upbeat narrative without adding much new information. Article Title
• Negative Sentiment: Revenue for the quarter came in below estimates, so while earnings beat expectations, the top line was softer than analysts had forecast.

Nordic American Tankers Company Profile

Nordic American Tankers Limited is a Bermuda-based shipping company specializing in the ownership and operation of Suezmax crude oil tankers. The company’s fleet is employed on the spot and period charter markets, transporting crude oil across major global trade routes. By focusing on commercially flexible employment strategies, Nordic American Tankers seeks to optimize vessel utilization and generate stable income for shareholders.

Founded in 1995 and headquartered in Hamilton, Bermuda, Nordic American Tankers maintains technical and commercial management arrangements through established ship-management partners.