Nordic American Tankers hits 52-week high amid earnings beat

Nordic American Tankers reached a 52-week high of 8.37 USD on October 2, 2026. Despite revenue of 79.30 million USD falling short of the 84.18 million USD expectation, the company reported earnings per share of 0.32 USD, exceeding the consensus of 0.30 USD. The company also increased its quarterly dividend from 0.22 to 0.27 USD per share, representing an annualized dividend yield of 12.90 percent.

In broader market news, the NASDAQ 100 closed up 0.48 percent at 31,224.47 points. The index has seen a year-to-date increase of 23.88 percent. Notable performers within the index included Constellation Energy, which rose 12.25 percent, and Astera Labs, which gained 7.58 percent. Conversely, Seagate Technology saw a decline of 9.18 percent.