Nordic American Tanker (NYSE:NAT) announced its quarterly earnings data on Wednesday. The shipping company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.07, Fidelity Earnings reports. Nordic American Tanker had a negative return on equity of 9.01% and a negative net margin of 48.82%.
Shares of NAT traded up $0.05 during midday trading on Thursday, hitting $2.10. 343,839 shares of the company traded hands, compared to its average volume of 1,449,667. Nordic American Tanker has a one year low of $2.01 and a one year high of $2.10. The stock has a market cap of $285.36 million, a PE ratio of -2.95 and a beta of 0.74. The company has a quick ratio of 4.10, a current ratio of 5.01 and a debt-to-equity ratio of 0.46.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 12th. Stockholders of record on Thursday, May 24th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, May 23rd. Nordic American Tanker’s dividend payout ratio is presently -16.90%.
About Nordic American Tanker
Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers worldwide. 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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