Nordic American Tankers Limited (NAT) Given Media Sentiment Rating of 0.07

Press coverage about Nordic American Tankers Limited (NYSE:NAT) has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nordic American Tankers Limited earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media stories about the shipping company an impact score of 46.6400733657971 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Nordic American Tankers Limited (NYSE NAT) traded up 3.23% during midday trading on Tuesday, hitting $5.43. 343,044 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $5.28 and its 200 day moving average price is $6.67. Nordic American Tankers Limited has a one year low of $4.41 and a one year high of $11.11. The firm’s market cap is $553.69 million.

Nordic American Tankers Limited (NYSE:NAT) last announced its quarterly earnings data on Monday, August 7th. The shipping company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.03). The company had revenue of $39.10 million for the quarter, compared to analysts’ expectations of $42.47 million. Nordic American Tankers Limited had a return on equity of 0.25% and a net margin of 0.06%. The company’s revenue was down 29.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. Equities research analysts forecast that Nordic American Tankers Limited will post ($0.39) EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 14th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, August 10th. This represents a $0.60 annualized dividend and a dividend yield of 11.41%. Nordic American Tankers Limited’s payout ratio is currently 2,000.00%.

Several equities research analysts recently issued reports on NAT shares. Vetr upgraded shares of Nordic American Tankers Limited from a “sell” rating to a “hold” rating and set a $7.08 price objective for the company in a research report on Monday, May 15th. Maxim Group cut their price objective on shares of Nordic American Tankers Limited from $6.00 to $5.00 and set a “sell” rating for the company in a research report on Monday, May 15th. Zacks Investment Research cut shares of Nordic American Tankers Limited from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Jefferies Group LLC restated a “sell” rating and set a $5.00 price objective on shares of Nordic American Tankers Limited in a research report on Monday, July 17th. Finally, Evercore ISI cut shares of Nordic American Tankers Limited from an “in-line” rating to an “underperform” rating and cut their price objective for the stock from $6.00 to $5.00 in a research report on Friday, July 21st. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.93.

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About Nordic American Tankers Limited

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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