Nordic American Tankers Limited (NAT) Hits a 52-Week Low

Marco Green
August 23, 2017

Vetr upgraded Nordic American Tankers Limited from a "sell" rating to a "hold" rating and set a $7.08 price target on the stock in a research note on Monday, May 15th. On Friday, July 21 the stock rating was downgraded by Evercore to "Underperform". As per Monday, May 8, the company rating was maintained by Maxim Group. Nordic American Tankers Limited has increased its dividend for 2 consecutive years. Comparatively, Nordic American Tankers Limited has a beta of 0.95, suggesting that its stock price is 5% less volatile than the S&P 500.

The company is now down from yesterday's close of $4.63.

This table compares Teekay Corporation and Nordic American Tankers Limited's top-line revenue, earnings per share (EPS) and valuation. Susquehanna International Group, Llp owns 1,309,000 shares valued at $8,299,000. Hedge funds and other institutional investors own 27.18% of the company's stock.

COPYRIGHT VIOLATION NOTICE: This story was posted by TrueBlueTribune and is the property of of TrueBlueTribune. The original version of this story can be accessed at Seaport Global reinitiated the shares of NAT in report on Wednesday, May 4 with "Neutral" rating.

Nordic American Tankers Limited, launched on June 12, 1995, is an worldwide tanker company. The company's market cap is $473.14 million. The 50 day moving average was down by -21.904% whereas the 200 day moving average was down $-2.49 or -35.568%. The value of the total investment in Nordic American Tankers Limited went from $8,000 to $7,000 decreasing 12.5% for the reporting period. It now has negative earnings. Nordic American Tankers Limited had a net margin of 0.06% and a return on equity of 0.25%. Next quarter's EPS is expected be $-0.23 with next year's EPS projected to be $0.07. Given Nordic American Tankers Limited's higher probable upside, analysts clearly believe Nordic American Tankers Limited is more favorable than Teekay Corporation.

The company also announced a dividend paid on Thursday June 8th, 2017. The dividend payment was $0.100 per share for the quarter or $0.40 annualized. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The value of the total investment in Nordic American Tankers Limited went from $176,000 to $46,000 a change of $130,000 quarter to quarter. The Company has four lines of business: offshore logistics (shuttle tankers, the HiLoad DP unit, floating storage and off-take (FSO) units, units for maintenance and safety (UMS), and long-distance towing and offshore installation vessels), offshore production (floating production, storage and offloading (FPSO) units), liquefied gas carriers and conventional tankers.

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