NYSE:NAT Nordic American Tankers (NAT) Stock Forecast, Price & News $3.51 -0.11 (-3.04%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$3.47▼$3.6050-Day Range$3.34▼$4.0452-Week Range$1.80▼$4.65Volume3.12 million shsAverage Volume3.17 million shsMarket Capitalization$732.89 millionP/E Ratio8.36Dividend Yield17.09%Price Target$5.25 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Nordic American Tankers MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside49.6% Upside$5.25 Price TargetShort InterestHealthy3.40% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.39Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth7.94%From $0.63 to $0.68 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.54 out of 5 starsTransportation Sector29th out of 123 stocksWater Transportation Industry3rd out of 17 stocks 3.5 Analyst's Opinion Consensus RatingNordic American Tankers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.25, Nordic American Tankers has a forecasted upside of 49.6% from its current price of $3.51.Amount of Analyst CoverageNordic American Tankers has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.40% of the outstanding shares of Nordic American Tankers have been sold short.Short Interest Ratio / Days to CoverNordic American Tankers has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Nordic American Tankers has recently increased by 0.57%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend LeadershipNordic American Tankers is a leading dividend payer. It pays a dividend yield of 15.75%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthNordic American Tankers has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Nordic American Tankers is 142.86%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Nordic American Tankers will have a dividend payout ratio of 88.24% in the coming year. This indicates that Nordic American Tankers may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NAT. Previous Next 1.9 News and Social Media Coverage News SentimentNordic American Tankers has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Nordic American Tankers this week, compared to 3 articles on an average week.Search InterestOnly 23 people have searched for NAT on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Nordic American Tankers to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Nordic American Tankers insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.85% of the stock of Nordic American Tankers is held by insiders.Percentage Held by Institutions40.41% of the stock of Nordic American Tankers is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Nordic American Tankers are expected to grow by 7.94% in the coming year, from $0.63 to $0.68 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nordic American Tankers is 8.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Nordic American Tankers is 8.36, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 24.45.Price to Book Value per Share RatioNordic American Tankers has a P/B Ratio of 1.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Nordic American Tankers (NYSE:NAT) StockNordic American Tankers Ltd. operates as an international tanker company. It owns and operates Suezmax crude oil tankers. The company was founded by Herbjorn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda.Read More Receive NAT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Nordic American Tankers and its competitors with MarketBeat's FREE daily newsletter. Email Address NAT Stock News HeadlinesMay 26, 2023 | americanbankingnews.comNordic American Tankers (NYSE:NAT) Upgraded to "Hold" at StockNews.comMay 26, 2023 | americanbankingnews.comNordic American Tankers Limited Expected to Earn FY2023 Earnings of $0.62 Per Share (NYSE:NAT)June 1, 2023 | Vantage Point (Ad)Stop Trading Like A TurtlePerforming at your best requires quick reaction and adaptability. While slow and steady progress works for some, having a tool that enables informed trading decisions is essential amid volatility. It's 2023. Why trade like a turtle when you could track down new opportunities like a cheetah? May 24, 2023 | americanbankingnews.comNordic American Tankers (NYSE:NAT) Issues Earnings Results, Beats Expectations By $0.02 EPSMay 24, 2023 | americanbankingnews.comNordic American Tankers (NYSE:NAT) Announces Earnings ResultsMay 24, 2023 | americanbankingnews.comNordic American Tankers (NYSE:NAT) Announces Earnings Results, Beats Expectations By $0.02 EPSMay 24, 2023 | americanbankingnews.comNordic American Tankers (NYSE:NAT) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPSMay 24, 2023 | americanbankingnews.comNordic American Tankers Limited (NAT) to Issue Quarterly Dividend of $0.15 on July 6thJune 1, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. 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Learn more here >>>May 23, 2023 | seekingalpha.comNordic American Tankers declares $0.15 dividendMay 23, 2023 | americanbankingnews.comResearch Analysts Set Expectations for Nordic American Tankers Limited's Q2 2023 Earnings (NYSE:NAT)May 23, 2023 | msn.comJefferies Reiterates Nordic American Tankers (NAT) Buy RecommendationMay 23, 2023 | msn.comNordic American Tankers (NAT) Declares $0.15 DividendMay 22, 2023 | finance.yahoo.comWhy Nordic American Tankers Stock Jumped 12.4% TodayMay 22, 2023 | seekingalpha.comNordic American Tankers: Downgrading On Valuation Despite Decent Q1 ResultsMay 22, 2023 | markets.businessinsider.comJefferies Sticks to Its Buy Rating for Nordic American Tanker (NAT)May 22, 2023 | markets.businessinsider.comUS Stocks Mixed; Nordic American Tankers Posts Upbeat ResultsMay 22, 2023 | msn.comNordic American Tankers' Stellar Q1 Earnings: Beats Consensus With 461% YoY Revenue BoostMay 22, 2023 | finance.yahoo.comNordic American Tankers Ltd (NYSE: NAT) – Report March 31, 2023 (First quarter 2023) – History in the making!May 21, 2023 | americanbankingnews.comNordic American Tankers (NAT) to Release Earnings on MondayMay 19, 2023 | msn.comNordic American Tankers Earnings PreviewMay 16, 2023 | finance.yahoo.comNordic American Tankers Ltd (NYSE: NAT) – Announces first quarter 2023 earnings release date, Monday May 22, 2023May 16, 2023 | americanbankingnews.comNordic American Tankers (NYSE:NAT) Cut to "Sell" at StockNews.comApril 28, 2023 | americanbankingnews.comFY2023 EPS Estimates for Nordic American Tankers Limited Decreased by Jefferies Financial Group (NYSE:NAT)April 26, 2023 | americanbankingnews.comNordic American Tankers (NYSE:NAT) Shares Up 6.7%April 24, 2023 | markets.businessinsider.comNordic American Tanker (NAT) Receives a Rating Update from a Top AnalystApril 17, 2023 | finance.yahoo.comTop Shipping Stocks for Q2 2023See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive NAT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Nordic American Tankers and its competitors with MarketBeat's FREE daily newsletter. Email Address NAT Company Calendar Ex-Dividend for 3/28 Dividend3/13/2023Dividend Payable3/28/2023Last Earnings5/22/2023Today5/31/2023Ex-Dividend for 7/6 Dividend6/14/2023Dividend Payable7/06/2023Next Earnings (Estimated)8/29/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation SectorTransportation Current SymbolNYSE:NAT CUSIPG6577310 CIK1000177 Webwww.nat.bm Phone(441) 292-7202Fax441-292-5962Employees20Year FoundedN/APrice Target and Rating Average Stock Price Forecast$5.25 High Stock Price Forecast$5.50 Low Stock Price Forecast$5.00 Forecasted Upside/Downside+49.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.42 Trailing P/E Ratio8.36 Forward P/E Ratio5.57 P/E GrowthN/ANet Income$15.10 million Net Margins37.03% Pretax Margin37.04% Return on Equity16.91% Return on Assets10.10% Debt Debt-to-Equity Ratio0.29 Current Ratio0.96 Quick Ratio0.78 Sales & Book Value Annual Sales$168.82 million Price / Sales4.34 Cash Flow$0.33 per share Price / Cash Flow10.66 Book Value$2.66 per share Price / Book1.32Miscellaneous Outstanding Shares208,800,000Free Float202,845,000Market Cap$732.89 million OptionableOptionable Beta0.09 Key ExecutivesHerbjørn HanssonChairman, President & Chief Executive OfficerBjørn GiæverChief Financial Officer & SecretaryErik TomstadExecutive Vice President-CharteringKey CompetitorsTeekay TankersNYSE:TNKGolden Ocean GroupNASDAQ:GOGLGolar LNGNASDAQ:GLNGGasLog PartnersNYSE:GLOPFLEX LNGNYSE:FLNGView All CompetitorsInstitutional OwnershipJPMorgan Chase & Co.Sold 1,114,295 shares on 5/18/2023Ownership: 0.930%New York State Common Retirement FundSold 54,829 shares on 5/18/2023Ownership: 0.043%Advisory Services Network LLCBought 15,000 shares on 5/17/2023Ownership: 0.014%AQR Capital Management LLCBought 12,554 shares on 5/16/2023Ownership: 0.028%Gould Capital LLCSold 15,349 shares on 5/16/2023Ownership: 0.011%View All Institutional Transactions NAT Stock - Frequently Asked Questions Should I buy or sell Nordic American Tankers stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research 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? 3 brokers have issued 12 month price targets for Nordic American Tankers' shares. Their NAT share price forecasts range from $5.00 to $5.50. On average, they expect the company's share price to reach $5.25 in the next year. This suggests a possible upside of 49.6% 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 shares have increased by 14.7% and is now trading at $3.51. View the best growth stocks for 2023 here. When is Nordic American Tankers' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 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 data on Monday, May, 22nd. The shipping company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The shipping company earned $87.09 million during the quarter, compared to analyst estimates of $79.55 million. Nordic American Tankers had a net margin of 37.03% and a trailing twelve-month return on equity of 16.91%. During the same quarter in the previous year, the business earned ($0.14) earnings per share. How often does Nordic American Tankers pay dividends? What is the dividend yield for Nordic American Tankers? Nordic American Tankers announced a quarterly dividend on Monday, May 22nd. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.15 per share on Thursday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 17.09%. The ex-dividend date of this dividend is Wednesday, June 14th. Read our dividend analysis for NAT. What ETFs hold Nordic American Tankers' stock? ETFs with the largest weight of Nordic American Tankers (NYSE:NAT) stock in their portfolio include SonicShares Global Shipping ETF (BOAT).iShares Micro-Cap ETF (IWC). Is Nordic American Tankers a good dividend stock? Nordic American Tankers (NYSE:NAT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 15.75%. NAT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 142.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, NAT will have a dividend payout ratio of 88.24% in the coming year. This indicates that the company may not be able to sustain their current 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." Who are Nordic American Tankers' major shareholders? Nordic American Tankers' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.80%), Dimensional Fund Advisors LP (3.03%), Allspring Global Investments Holdings LLC (2.03%), Two Sigma Advisers LP (1.83%), Two Sigma Investments LP (1.82%) and State Street Corp (1.66%). 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 $3.51. How much money does Nordic American Tankers make? Nordic American Tankers (NYSE:NAT) has a market capitalization of $732.89 million and generates $168.82 million in revenue each year. The shipping company earns $15.10 million in net income (profit) each year or $0.42 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 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Nordic American Tankers Limited Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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