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NYSE:NAT

Nordic American Tankers (NAT) Stock Forecast, Price & News

$3.86
-0.05 (-1.28%)
(As of 11:33 AM ET)
Compare
Today's Range
$3.79
$3.89
50-Day Range
$3.71
$4.43
52-Week Range
$2.47
$4.65
Volume
1.14 million shs
Average Volume
2.91 million shs
Market Capitalization
$805.97 million
P/E Ratio
6.77
Dividend Yield
13.47%
Price Target
$5.50

Nordic American Tankers MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
41.4% Upside
$5.50 Price Target
Short Interest
Healthy
3.49% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.66mentions of Nordic American Tankers in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
21.67%
From $0.60 to $0.73 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.85 out of 5 stars

Transportation Sector

30th out of 118 stocks

Water Transportation Industry

3rd out of 17 stocks


NAT stock logo

About Nordic American Tankers (NYSE:NAT) Stock

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 19 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.

NAT Price History

NAT Stock News Headlines

Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Cleaves Securities Remains a Buy on Nordic American Tanker (NAT)
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Stock Market Action Plan: The Last Week Of Summer
Frontline (FRO) Q2 Earnings Meet Estimates
Scorpio Tankers (STNG) Q2 Earnings Surpass Estimates
See More Headlines
Receive NAT Stock News and Ratings via Email

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NAT Company Calendar

Ex-Dividend for 7/6 Dividend
6/14/2023
Dividend Payable
7/06/2023
Last Earnings
8/28/2023
Ex-Dividend for 10/5 Dividend
9/13/2023
Today
10/04/2023
Dividend Payable
10/05/2023
Next Earnings (Estimated)
11/29/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
G6577310
Employees
18
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.50
High Stock Price Forecast
$6.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+40.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$15.10 million
Pretax Margin
43.82%

Debt

Sales & Book Value

Annual Sales
$168.82 million
Cash Flow
$0.35 per share
Book Value
$2.79 per share

Miscellaneous

Free Float
202,845,000
Market Cap
$816.41 million
Optionable
Optionable
Beta
0.15
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Key Executives

  • Mr. Herbjorn Hansson (Age 75)
    Founder, Chairman, Pres & CEO
  • Mr. Bjorn Giaever (Age 56)
    Exec. VP, CFO & Sec.
  • Mr. Jan H. A. Møller (Age 38)
    Head of Investor Relations and Financial Mang.
  • Erik Tomstad
    Exec. VP of Chartering













NAT Stock - Frequently Asked Questions

Should I buy or sell Nordic American Tankers stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NAT shares.
View NAT analyst ratings
or view top-rated stocks.

What is Nordic American Tankers' stock price forecast for 2023?

2 Wall Street analysts have issued 1-year price targets for Nordic American Tankers' shares. Their NAT share price forecasts range from $5.00 to $6.00. On average, they expect the company's share price to reach $5.50 in the next twelve months. This suggests a possible upside of 40.7% from the stock's current price.
View analysts price targets for NAT
or view top-rated stocks among Wall Street analysts.

How have NAT shares performed in 2023?

Nordic American Tankers' stock was trading at $3.06 at the start of the year. Since then, NAT stock has increased by 27.8% and is now trading at $3.91.
View the best growth stocks for 2023 here
.

Are investors shorting Nordic American Tankers?

Nordic American Tankers saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 7,290,000 shares, an increase of 20.5% from the August 31st total of 6,050,000 shares. Based on an average daily volume of 2,580,000 shares, the days-to-cover ratio is presently 2.8 days.
View Nordic American Tankers' Short Interest
.

When is Nordic American Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our NAT earnings forecast
.

How were Nordic American Tankers' earnings last quarter?

Nordic American Tankers Limited (NYSE:NAT) announced its quarterly earnings results on Monday, August, 28th. The shipping company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The shipping company had revenue of $67.80 million for the quarter, compared to analyst estimates of $65.15 million. Nordic American Tankers had a net margin of 43.81% and a trailing twelve-month return on equity of 22.16%. During the same period in the previous year, the firm posted ($0.02) EPS.

How often does Nordic American Tankers pay dividends? What is the dividend yield for Nordic American Tankers?

Nordic American Tankers declared a quarterly dividend on Monday, August 28th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.13 per share on Thursday, October 5th. This represents a $0.52 annualized dividend and a dividend yield of 13.30%. The ex-dividend date is Wednesday, September 13th.
Read our dividend analysis for NAT
.

What ETF holds Nordic American Tankers' stock ?

SonicShares Global Shipping ETF holds 40,417 shares of NAT stock, representing 0.91% of its portfolio.

Is Nordic American Tankers a good dividend stock?

Nordic American Tankers (NYSE:NAT) pays an annual dividend of $0.52 per share and currently has a dividend yield of 13.20%. NAT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 91.23%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, NAT will have a dividend payout ratio of 71.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NAT.

What is Ignacio Miras Massaguer's approval rating as Nordic American Tankers' CEO?

3 employees have rated Nordic American Tankers Chief Executive Officer Ignacio Miras Massaguer on Glassdoor.com. Ignacio Miras Massaguer has an approval rating of 68% among the company's employees.

What other stocks do shareholders of Nordic American Tankers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nordic American Tankers investors own include Precigen (PGEN), Energy Transfer (ET), The Gabelli Dividend & Income Trust (GDV), Marinus Pharmaceuticals (MRNS), Realty Income (O), Ford Motor (F), AT&T (T), OPKO Health (OPK), Lumen Technologies (LUMN) and Annaly Capital Management (NLY).

What is Nordic American Tankers' stock symbol?

Nordic American Tankers trades on the New York Stock Exchange (NYSE) under the ticker symbol "NAT."

How do I buy shares of Nordic American Tankers?

Shares of NAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Nordic American Tankers' stock price today?

One share of NAT stock can currently be purchased for approximately $3.91.

How much money does Nordic American Tankers make?

Nordic American Tankers (NYSE:NAT) has a market capitalization of $816.41 million and generates $168.82 million in revenue each year. The shipping company earns $15.10 million in net income (profit) each year or $0.57 on an earnings per share basis.

How can I contact Nordic American Tankers?

Nordic American Tankers' mailing address is 27 REID STREET, HAMILTON D0, HM 11. The official website for the company is www.nat.bm. The shipping company can be reached via phone at (441) 292-7202, via email at www.nat.bm, or via fax at 441-292-5962.

This page (NYSE:NAT) was last updated on 10/4/2023 by MarketBeat.com Staff

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