What is B. Riley’s Forecast for NAT FY2025 Earnings?

Nordic American Tankers Limited (NYSE:NAT) – Investment analysts at B. Riley decreased their FY2025 earnings per share (EPS) estimates for Nordic American Tankers in a report issued on Wednesday, January 15th. B. Riley analyst L. Burke now anticipates that the shipping company will earn $0.26 per share for the year, down from their prior forecast of $0.39. The consensus estimate for Nordic American Tankers’ current full-year earnings is $0.25 per share.

Several other brokerages have also recently issued reports on NAT. StockNews.com raised shares of Nordic American Tankers from a “sell” rating to a “hold” rating in a report on Monday, December 2nd. Jefferies Financial Group reissued a “hold” rating and issued a $3.50 price objective on shares of Nordic American Tankers in a report on Friday, November 29th.

Nordic American Tankers Stock Performance

Shares of NYSE NAT opened at $2.82 on Friday. The company has a 50 day simple moving average of $2.75 and a two-hundred day simple moving average of $3.32. The stock has a market cap of $587.77 million, a price-to-earnings ratio of 9.71 and a beta of -0.29. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.36. Nordic American Tankers has a 12 month low of $2.41 and a 12 month high of $4.55.

Nordic American Tankers Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 17th were issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 17.05%. The ex-dividend date of this dividend was Tuesday, December 17th. Nordic American Tankers’s dividend payout ratio (DPR) is presently 55.17%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Trust N.A. purchased a new position in Nordic American Tankers during the third quarter worth approximately $37,000. Bluefin Capital Management LLC purchased a new position in shares of Nordic American Tankers during the 2nd quarter valued at approximately $47,000. B. Riley Wealth Advisors Inc. grew its stake in Nordic American Tankers by 50.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 16,024 shares of the shipping company’s stock valued at $66,000 after acquiring an additional 5,347 shares during the period. Ballentine Partners LLC increased its holdings in Nordic American Tankers by 90.7% in the 4th quarter. Ballentine Partners LLC now owns 24,737 shares of the shipping company’s stock worth $62,000 after acquiring an additional 11,767 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Nordic American Tankers by 99.8% during the third quarter. Franklin Resources Inc. now owns 25,333 shares of the shipping company’s stock worth $92,000 after acquiring an additional 12,651 shares during the period. Hedge funds and other institutional investors own 44.29% of the company’s stock.

Nordic American Tankers Company Profile

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 20 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.