Nordic American Tankers Ltd (NYSE: NAT) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that N/A.

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Stocks Info

Nordic American Tankers Ltd is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Midstream industry. The current market capitalization of Nordic American Tankers Ltd is $793.44M. A total of 3.63 million shares were traded on the day, compared to an average of 2.21M shares.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Nordic American Tankers Ltd pays an annual dividend of $0.42, resulting in a dividend yield of 11.05%, and it has a price to earnings (P/E) ratio of 12.87. NAT’s most recent ex-dividend date was 9/26/2024 when it declared a $0.12 quarterly dividend that was paid in cash on 11/26/2024. Previously, the company paid the dividend on 7/18/2024 with an ex-dividend date of 6/28/2024. The NAT stock dividend was $0.12 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, NAT has a high of $4.83 and a low of $3.31.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NAT’s latest balance sheet shows that the firm has $34.74M in Cash & Short Term Investments as of fiscal 2021. There were $322.11M in debt and $67.64M in liabilities at the time. Its Book Value Per Share was $2.52, while its Total Shareholder’s Equity was $498.22M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NAT is Buy with a score of 4.00.

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