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T   16.80 (-1.06%)
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NYSE:NAT

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

$4.03
-0.13 (-3.13%)
(As of 03/4/2024 ET)
Today's Range
$4.02
$4.25
50-Day Range
$4.02
$4.57
52-Week Range
$3.26
$4.83
Volume
4.36 million shs
Average Volume
3.13 million shs
Market Capitalization
$840.42 million
P/E Ratio
8.56
Dividend Yield
5.96%
Price Target
$5.33

Nordic American Tankers MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
32.5% Upside
$5.33 Price Target
Short Interest
Healthy
2.90% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.20mentions of Nordic American Tankers in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.09%
From $0.55 to $0.60 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.10 out of 5 stars

Transportation Sector

33rd out of 118 stocks

Water Transportation Industry

5th out of 19 stocks


NAT stock logo

About Nordic American Tankers Stock (NYSE:NAT)

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 Stock Price History

NAT Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Recap: Nordic American Tankers Q4 Earnings
Nordic American Tankers Ltd
The 3 Best Dividend Stocks Under $10 to Buy Now
NAT Mar 2024 8.000 call
Goldman Sachs Penny Stocks: Top 12 Stock Picks
3 Stocks Under $10 With a Robust Dividend Yield
See More Headlines
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Company Calendar

Ex-Dividend for 1/17 Dividend
12/19/2023
Dividend Payable
1/17/2024
Last Earnings
3/01/2024
Today
3/04/2024
Ex-Dividend for 4/10 Dividend
3/19/2024
Dividend Payable
4/10/2024
Next Earnings (Estimated)
5/27/2024
Fiscal Year End
12/31/2024

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 Target
$5.33
High Stock Price Target
$6.00
Low Stock Price Target
$4.50
Potential Upside/Downside
+32.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$98.71 million
Pretax Margin
42.79%

Debt

Sales & Book Value

Annual Sales
$262.18 million
Cash Flow
$0.35 per share
Book Value
$2.79 per share

Miscellaneous

Free Float
202,845,000
Market Cap
$840.42 million
Optionable
Optionable
Beta
-0.10
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NAT Stock Analysis - Frequently Asked Questions

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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NAT shares.
View NAT analyst ratings
or view top-rated stocks.

What is Nordic American Tankers' stock price target for 2024?

3 Wall Street research analysts have issued twelve-month price objectives for Nordic American Tankers' stock. Their NAT share price targets range from $4.50 to $6.00. On average, they anticipate the company's stock price to reach $5.33 in the next twelve months. This suggests a possible upside of 32.5% 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 2024?

Nordic American Tankers' stock was trading at $4.20 at the beginning of the year. Since then, NAT stock has decreased by 4.2% and is now trading at $4.0250.
View the best growth stocks for 2024 here
.

When is Nordic American Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 27th 2024.
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 Friday, March, 1st. The shipping company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by $0.06. The shipping company had revenue of $59.25 million for the quarter, compared to analyst estimates of $68.90 million. Nordic American Tankers had a net margin of 37.65% and a trailing twelve-month return on equity of 18.05%. During the same quarter last year, the company earned $0.17 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 Thursday, February 29th. Shareholders of record on Wednesday, March 20th will be paid a dividend of $0.12 per share on Wednesday, April 10th. This represents a $0.48 annualized dividend and a yield of 11.93%. The ex-dividend date is Tuesday, March 19th. This is a boost from the stock's previous quarterly dividend of $0.06.
Read our dividend analysis for NAT
.

Is Nordic American Tankers a good dividend stock?

Nordic American Tankers (NYSE:NAT) pays an annual dividend of $0.24 per share and currently has a dividend yield of 5.77%. NAT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 51.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NAT will have a dividend payout ratio of 40.00% next year. This indicates that the company will be able to sustain or increase its dividend.
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.

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).

Who are Nordic American Tankers' major shareholders?

Nordic American Tankers' stock is owned by many different institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (4.93%), Goldman Sachs Group Inc. (3.60%), Goldman Sachs Group Inc. (3.60%), Allspring Global Investments Holdings LLC (1.94%), Northern Trust Corp (0.70%) and Vanguard Group Inc. (0.67%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NAT) was last updated on 3/4/2024 by MarketBeat.com Staff