Nordic American Tanker (NAT) to Release Earnings on Friday

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Nordic American Tanker (NYSE:NAT) is scheduled to release its earnings data before the market opens on Friday, August 16th. Analysts expect Nordic American Tanker to post earnings of ($0.12) per share for the quarter.

Nordic American Tanker (NYSE:NAT) last posted its quarterly earnings results on Tuesday, May 14th. The shipping company reported $0.04 EPS for the quarter. The business had revenue of $53.63 million during the quarter, compared to analysts’ expectations of $49.84 million. Nordic American Tanker had a negative return on equity of 7.43% and a negative net margin of 47.28%. On average, analysts expect Nordic American Tanker to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NAT opened at $1.83 on Thursday. The company has a quick ratio of 2.22, a current ratio of 2.79 and a debt-to-equity ratio of 0.66. The company has a 50 day simple moving average of $2.12. The firm has a market cap of $262.64 million, a PE ratio of -3.00 and a beta of 0.62. Nordic American Tanker has a 12 month low of $1.80 and a 12 month high of $3.47.

Several research firms have recently commented on NAT. ValuEngine raised Nordic American Tanker from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised Nordic American Tanker from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $2.63.

About Nordic American Tanker

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 33 Suezmax crude oil tankers. The company was founded in 1995 and is based in Hamilton, Bermuda.

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Earnings History for Nordic American Tanker (NYSE:NAT)

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