News headlines about Nordic American Tanker (NYSE:NAT) have trended somewhat negative on Wednesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nordic American Tanker earned a news impact score of -0.02 on Accern’s scale. Accern also assigned news articles about the shipping company an impact score of 45.7724822461532 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- VLCC and Suezmax Rates Fell in Week 11 (finance.yahoo.com)
- Where Did Bunker Fuel Prices Head in Week 11? (finance.yahoo.com)
- China’s February Trade Data Disappoints Crude Tanker Investors (finance.yahoo.com)
- Analyst’s Review on: Nordic American Tanker Shipping Ltd (NAT) – Newburgh Gazette (newburghgazette.com)
- Nordic American Tanker Ltd (NAT) Expected to Announce Earnings of -$0.11 Per Share (americanbankingnews.com)
Several research firms recently weighed in on NAT. Clarkson Capital upgraded Nordic American Tanker from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Maxim Group restated a “sell” rating and issued a $1.00 price objective on shares of Nordic American Tanker in a report on Monday, February 12th. Credit Suisse Group decreased their price objective on Nordic American Tanker from $4.00 to $2.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Seaport Global Securities set a $3.00 price objective on Nordic American Tanker and gave the company a “hold” rating in a report on Monday, February 12th. Finally, Morgan Stanley decreased their price objective on Nordic American Tanker from $5.00 to $2.50 and set an “equal weight” rating for the company in a report on Monday, February 12th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $3.36.
Nordic American Tanker (NYSE:NAT) last posted its earnings results on Monday, December 18th. The shipping company reported ($0.16) earnings per share (EPS) for the quarter. Nordic American Tanker had a negative net margin of 48.82% and a negative return on equity of 9.01%. The company had revenue of $39.10 million during the quarter. research analysts predict that Nordic American Tanker will post -0.36 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Wednesday, February 21st were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.12 annualized dividend and a yield of 5.61%. Nordic American Tanker’s dividend payout ratio (DPR) is presently -16.44%.
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Nordic American Tanker Company Profile
Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company’s Suezmaxes tankers can carry over one million barrels of oil.
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