Nordic American Tankers - NAT Stock Forecast, Price & News

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.
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2 equities research analysts have issued 1 year price objectives for Nordic American Tankers' stock. Their NAT share price forecasts range from $4.00 to $4.00. On average, they predict the company's share price to reach $4.00 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price.
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Nordic American Tankers' stock was trading at $1.69 on January 1st, 2022. Since then, NAT shares have increased by 108.3% and is now trading at $3.52.
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Nordic American Tankers saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 10,760,000 shares, an increase of 22.8% from the September 30th total of 8,760,000 shares. Based on an average daily volume of 5,150,000 shares, the short-interest ratio is presently 2.1 days.
View Nordic American Tankers' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 30th 2022.
View our NAT earnings forecast.

Nordic American Tankers Limited (NYSE:NAT) announced its quarterly earnings results on Tuesday, August, 30th. The shipping company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.04. The shipping company had revenue of $34.75 million for the quarter, compared to analysts' expectations of $29.25 million. Nordic American Tankers had a negative net margin of 117.57% and a negative trailing twelve-month return on equity of 17.36%. During the same period in the prior year, the firm posted ($0.18) earnings per share.

Nordic American Tankers declared a quarterly dividend on Thursday, November 10th. Investors of record on Tuesday, December 6th will be given a dividend of $0.05 per share on Tuesday, December 20th. This represents a $0.20 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend is Monday, December 5th. This is a positive change from the stock's previous quarterly dividend of $0.03.
Read our dividend analysis for NAT.

Nordic American Tankers (NYSE:NAT) pays an annual dividend of $0.12 per share and currently has a dividend yield of 3.41%.
Read our dividend analysis for NAT.

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.

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).

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

Nordic American Tankers' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.91%), Allspring Global Investments Holdings LLC (2.36%), State Street Corp (1.68%), Nuveen Asset Management LLC (1.66%), Two Sigma Investments LP (1.65%) and Two Sigma Advisers LP (0.97%).

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.
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One share of NAT stock can currently be purchased for approximately $3.52.

Nordic American Tankers (NYSE:NAT) has a market capitalization of $680.98 million and generates $67.50 million in revenue each year. The shipping company earns $-171,330,000.00 in net income (profit) each year or ($0.55) on an earnings per share basis.

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.