Analysts See $-0.11 EPS for Nordic American Tanker Ltd (NAT)

Judith Bessette
Agosto 8, 2017

NY raised its position in Nordic American Tankers Limited by 9.8% in the fourth quarter. 457,897 shares of the company traded hands. State Street Corp now owns 1,624,244 shares of the shipping company's stock valued at $13,646,000 after buying an additional 177,465 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Nordic American Tankers Limited during the first quarter worth about $106,000. Wells Fargo & Company MN increased its stake in Nordic American Tankers Limited by 86.8% in the first quarter. As per Monday, April 3, the company rating was maintained by Jefferies. DnB Asset Management AS acquired a new stake in shares of Nordic American Offshore during the first quarter worth $8,800,000. Legal & General Group Plc now owns 34,598 shares of the shipping company's stock worth $283,000 after buying an additional 1,835 shares during the period.

Want to see what other hedge funds are holding NAO? The company had a trading volume of 1,055,769 shares. The company has market cap of $571.03 million. The stock's 50 day moving average is $6.10 and its 200-day moving average is $7.40. Nordic American Tankers Limited has a 1-year low of $5.47 and a 1-year high of $12.52. The shipping company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.03. The business had revenue of $39.10 million for the quarter, compared to analyst estimates of $42.47 million.

Nordic American Tankers Limited Common Stock (NYSE:NAT) just had their share rating of a '"Sell"' issued by research analysts at Maxim Group, who now has a $4 PT on the $571.03M market cap company or a -28.57 % downside potential. The company's revenue for the quarter was down 29.2% on a year-over-year basis. During the same quarter a year ago, the company posted $0.15 earnings per share. On average, equities analysts forecast that Nordic American Tankers Limited will post ($0.32) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, August 14th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 15th. Nordic American Offshore's dividend payout ratio (DPR) is now -6.35%. Northstar Wealth Partners LLC purchased a new position in shares of Nordic American Tankers Limited during the first quarter worth approximately $110,000. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & global trademark and copyright law. The correct version of this report can be read at

HealthEquity (NASDAQ:HQY) Given Media Sentiment Rating of 0.09
In other news, major shareholder Berkley Capital, Llc sold 4,002 shares of the firm's stock in a transaction on Monday, June 19th. Teachers Retirement System of The State of Kentucky raised its position in shares of HealthEquity by 13.3% in the fourth quarter.

Several research firms recently weighed in on NAT.

Media headlines about Nordic American Offshore (NYSE:NAO) have been trending somewhat positive recently, according to Accern Sentiment.

ILLEGAL ACTIVITY WARNING: "Nordic American Tankers Limited (NYSE:NAT) Downgraded to "Strong Sell" at Zacks Investment Research" was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. Maxim Group reiterated a "sell" rating and set a $6.00 target price on shares of Nordic American Tankers Limited in a research report on Friday, April 21st. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company's stock. Nordic American Tankers Limited now has an average rating of "Hold" and a consensus target price of $6.93. The Company's Suezmaxes tankers can carry over one million barrels of oil. The Company has approximately two vessels under construction.

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