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BABA   74.18 (-0.55%)
T   17.01 (+0.29%)
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NYSE:NAT

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

$4.06
-0.08 (-1.93%)
(As of 02:22 PM ET)
Today's Range
$4.00
$4.17
50-Day Range
$4.02
$4.57
52-Week Range
$3.26
$4.83
Volume
3.38 million shs
Average Volume
3.04 million shs
Market Capitalization
$847.73 million
P/E Ratio
7.25
Dividend Yield
5.91%
Price Target
$6.00

Nordic American Tankers MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
44.6% Upside
$6.00 Price Target
Short Interest
Healthy
2.90% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.27mentions of Nordic American Tankers in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
22.64%
From $0.53 to $0.65 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.

4.41 out of 5 stars

Transportation Sector

20th out of 116 stocks

Water Transportation Industry

4th out of 18 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

Recap: Nordic American Tankers Q4 Earnings
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Company Calendar

Last Earnings
8/28/2023
Ex-Dividend for 1/17 Dividend
12/19/2023
Dividend Payable
1/17/2024
Today
2/29/2024
Next Earnings (Confirmed)
2/29/2024
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
$6.00
High Stock Price Target
$6.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+44.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$15.10 million
Pretax Margin
42.79%

Debt

Sales & Book Value

Annual Sales
$168.82 million
Cash Flow
$0.36 per share
Book Value
$2.79 per share

Miscellaneous

Free Float
202,845,000
Market Cap
$864.43 million
Optionable
Optionable
Beta
-0.06
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NAT Stock Analysis - Frequently Asked Questions

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

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last twelve months. There are currently 1 buy rating 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 target for 2024?

1 analysts have issued 1 year target prices for Nordic American Tankers' shares. Their NAT share price targets range from $6.00 to $6.00. On average, they predict the company's stock price to reach $6.00 in the next twelve months. This suggests a possible upside of 44.6% 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 2024?

Nordic American Tankers' stock was trading at $4.20 on January 1st, 2024. Since then, NAT shares have decreased by 1.2% and is now trading at $4.15.
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 Thursday, February 29th 2024.
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, meeting analysts' consensus estimates of $0.13. The shipping company had revenue of $67.80 million for the quarter, compared to the consensus estimate of $65.15 million. Nordic American Tankers had a trailing twelve-month return on equity of 21.50% and a net margin of 42.78%. During the same quarter in the previous year, the company earned ($0.02) 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 Wednesday, November 29th. Investors of record on Wednesday, December 20th will be paid a dividend of $0.06 per share on Wednesday, January 17th. This represents a $0.24 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend is Tuesday, December 19th.
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 5.88%. NAT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 42.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NAT will have a dividend payout ratio of 36.92% 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 a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.93%), Goldman Sachs Group Inc. (3.60%), Allspring Global Investments Holdings LLC (1.94%), Northern Trust Corp (0.70%), Vanguard Group Inc. (0.67%) and Greylin Investment Management Inc (0.54%).

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 2/29/2024 by MarketBeat.com Staff