08 August, 2017
Other large investors also recently added to or reduced their stakes in the company. On July 27 Jefferies left the stock rating at "Underperform" and lowered the price expectation from $10.00 to $8.00. Rnc Capital Management Llc sold 3,297 shares as Apple Inc (AAPL)'s stock rose 12.78%. Nordic American Tankers Limited earned a news sentiment score of 0.01 on Accern's scale. 748,878 shares of the stock were exchanged. LLC raised its position in Nordic American Tankers Limited by 99.6% in the first quarter. Wells Fargo & Company MN now owns 408,783 shares of the shipping company's stock valued at $3,344,000 after buying an additional 189,905 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Nordic American Tankers Limited by 86.8% in the first quarter. 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 period. IFP Advisors Inc now owns 23,286 shares of the shipping company's stock valued at $190,000 after buying an additional 73 shares during the last quarter. Maxim Group set a $5.00 price target on shares of Nordic American Tankers Limited and gave the company a "sell" rating in a report on Saturday, July 22nd.
DHT Holdings has a beta of 1.14, meaning that its share price is 14% more volatile than the S&P 500.
The stock is trading at $5.71 barely below $6.10, the 50 day moving average and just below the 200 day moving average of $7.40. The firm's market cap is $576.12 million.
News stories about Nordic American Tankers Limited (NYSE:NAT) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The shipping company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by $0.03, Briefing.com reports. Nordic American Tankers Limited's dividend payout ratio (DPR) is presently 4,000.00%. The business had revenue of $39.10 million during the quarter, compared to analysts' expectations of $42.47 million. The company's revenue was down 29.2% compared to the same quarter previous year.
In the last earnings report the EPS was $-0.39 and is estimated to be $-0.32 for the current year with 101,969,000 shares now outstanding. Shareholders of record on Thursday, August 17th will be issued a $0.02 dividend. The ex-dividend date is Thursday, August 10th. Nordic American Tankers Limited had a net margin of 0.06% and a return on equity of 0.25%.
TRADEMARK VIOLATION WARNING: This report was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another website, it was illegally stolen and republished in violation of USA & global copyright and trademark law. The correct version of this piece can be read at https://www.chaffeybreeze.com/2017/08/06/wealthtrust-axiom-llc-has-4-20-million-stake-in-nordic-american-tankers-limited-nysenat.html.
Several other research analysts have also recently weighed in on the stock. As per Wednesday, May 4, the company rating was reinitiated by Seaport Global. The rating was downgraded by Evercore to "Underperform" on Friday, July 21. Finally, Maxim Group decreased their target price on Nordic American Tankers Limited from $6.00 to $5.00 and set a sell rating on the stock in a report on Monday, May 8th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company. BidaskClub downgraded shares of Nordic American Tankers Limited from a "sell" rating to a "strong sell" rating in a research report on Monday, July 24th. Qvt Financial Lp sold 1.47M shares as Nordic American Tankers Limi (NAT)'s stock declined 15.71%. The Company has approximately two vessels under construction.
According to Zacks, "NORDIC AMERICAN is engaged of acquiring, disposing, owning, leasing, and chartering three double hull Suezmax oil tankers".
