Balance Sheet Breakdown: Nordic American Tankers Ltd (NAT)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $4.15 in the prior trading day, Nordic American Tankers Ltd (NYSE: NAT) closed at $4.14, down -0.24%. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 2.4 million shares were traded. NAT stock price reached its highest trading level at $4.2 during the session, while it also had its lowest trading level at $4.13.

Ratios:

Our goal is to gain a better understanding of NAT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.14. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.50.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on September 06, 2022, Upgraded its rating to Buy and sets its target price to $4 from $3 previously.

On July 21, 2022, Jefferies started tracking the stock assigning a Hold rating and target price of $3.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NAT now has a Market Capitalization of 864415424 and an Enterprise Value of 1135535232. As of this moment, Nordic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.76, and their Forward P/E ratio for the next fiscal year is 5.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.41 while its Price-to-Book (P/B) ratio in mrq is 1.61. Its current Enterprise Value per Revenue stands at 2.899 whereas that against EBITDA is 6.334.

Stock Price History:

The Beta on a monthly basis for NAT is -0.12, which has changed by 0.16292131 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. Over the past 52 weeks, NAT has reached a high of $4.83, while it has fallen to a 52-week low of $3.44. The 50-Day Moving Average of the stock is 4.76%, while the 200-Day Moving Average is calculated to be -0.11%.

Shares Statistics:

The stock has traded on average 2.69M shares per day over the past 3-months and 1983340 shares per day over the last 10 days, according to various share statistics. A total of 208.80M shares are outstanding, with a floating share count of 202.49M. Insiders hold about 3.02% of the company’s shares, while institutions hold 44.91% stake in the company. Shares short for NAT as of 1714435200 were 6684788 with a Short Ratio of 2.49, compared to 1711584000 on 8254102. Therefore, it implies a Short% of Shares Outstanding of 6684788 and a Short% of Float of 3.3099998.

Dividends & Splits

In the trailing 12 months, NAT’s forward annual dividend rate was 0.46, compared to 0.46 this year. Against a Trailing Annual Dividend Yield of 0.110843375The stock’s 5-year Average Dividend Yield is 7.37. The current Payout Ratio is 103.66% for NAT, which recently paid a dividend on 2024-03-19 with an ex-dividend date of 1710806400. Stock splits for the company last occurred on 2017-08-10 when the company split stock in a 1008:1000 ratio.

Earnings Estimates

The performance of Nordic American Tankers Ltd (NAT) in the stock market is under the watchful eye of 4.0 analysts actively contributing to its current rating.On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.09, while EPS last year was $0.22. The consensus estimate for the next quarter is $0.1, with high estimates of $0.17 and low estimates of $0.01.

Analysts are recommending an EPS of between $0.79 and $0.4 for the fiscal current year, implying an average EPS of $0.57. EPS for the following year is $0.72, with 5.0 analysts recommending between $0.95 and $0.52.

Revenue Estimates

3 analysts predict $76.56M in revenue for the current quarter. It ranges from a high estimate of $98.5M to a low estimate of $65M. As of the current estimate, Nordic American Tankers Ltd’s year-ago sales were $87.09MFor the next quarter, 3 analysts are estimating revenue of $69.35M. There is a high estimate of $103.1M for the next quarter, whereas the lowest estimate is $45.95M.

A total of 5 analysts have provided revenue estimates for NAT’s current fiscal year. The highest revenue estimate was $419.9M, while the lowest revenue estimate was $254.75M, resulting in an average revenue estimate of $313.69M. In the same quarter a year ago, actual revenue was $262.18MBased on 5 analysts’ estimates, the company’s revenue will be $344.38M in the next fiscal year. The high estimate is $439.1M and the low estimate is $277.51M.

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