NYSE:NATNordic American Tanker Stock Price, Forecast & News

Nordic American Tanker's stock was trading at $3.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NAT shares have increased by 42.1% and is now trading at $4.49.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tanker in the last year. There are currently 1 sell rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Nordic American Tanker is scheduled to release its next quarterly earnings announcement on Friday, August 21st 2020.
View our earnings forecast for Nordic American Tanker.

Nordic American Tanker Ltd (NYSE:NAT) announced its quarterly earnings data on Monday, May, 18th. The shipping company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.25 by $0.02. The shipping company earned $86.18 million during the quarter, compared to analysts' expectations of $81.33 million. Nordic American Tanker had a net margin of 11.32% and a return on equity of 4.01%.
View Nordic American Tanker's earnings history.

Nordic American Tanker announced a quarterly dividend on Thursday, May 21st. Investors of record on Friday, August 28th will be paid a dividend of $0.20 per share on Friday, September 4th. This represents a $0.80 dividend on an annualized basis and a yield of 17.82%. The ex-dividend date is Thursday, August 27th. This is a boost from Nordic American Tanker's previous quarterly dividend of $0.14.
View Nordic American Tanker's dividend history.

3 Wall Street analysts have issued twelve-month price targets for Nordic American Tanker's stock. Their forecasts range from $4.00 to $4.75. On average, they expect Nordic American Tanker's share price to reach $4.38 in the next twelve months. This suggests that the stock has a possible downside of 2.6%.
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News stories about NAT stock have been trending somewhat negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Nordic American Tanker earned a news sentiment score of -1.6 on InfoTrie's scale. They also gave media stories about the shipping company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.
View the latest news about Nordic American Tanker.

Nordic American Tanker saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 18,790,000 shares, an increase of 365.1% from the April 15th total of 4,040,000 shares. Based on an average daily trading volume, of 10,090,000 shares, the short-interest ratio is presently 1.9 days.
View Nordic American Tanker's Short Interest.

Some companies that are related to Nordic American Tanker include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Ship Finance International (SFL), Golar LNG (GLNG), Scorpio Tankers (STNG), Golden Ocean Group (GOGL), Teekay Tankers (TNK), GasLog (GLOG) and Teekay (TK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Nordic American Tanker investors own include Precigen (PGEN), Energy Transfer LP Unit (ET), The Gabelli Dividend & Income Trust (GDV), Marinus Pharmaceuticals (MRNS), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Realty Income (O), Ford Motor (F), AT&T (T) and Opko Health (OPK).

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

Nordic American Tanker's stock is owned by many different retail and institutional investors. Top institutional investors include Greylin Investment Mangement Inc. (1.94%), WealthTrust Axiom LLC (0.38%), Bank of New York Mellon Corp (0.30%), California Public Employees Retirement System (0.22%), Prudential PLC (0.21%) and Advisor Group Holdings Inc. (0.13%).

NAT stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Raymond James Financial Services Advisors Inc., WealthTrust Axiom LLC, Principal Financial Group Inc., Bank of New York Mellon Corp, US Bancorp DE, Commonwealth Equity Services LLC, and Dupont Capital Management Corp.

NAT stock was purchased by a variety of institutional investors in the last quarter, including Greylin Investment Mangement Inc., Prudential PLC, Virtu Financial LLC, IFP Advisors Inc, Golden State Wealth Management LLC, Navellier & Associates Inc, Sigma Planning Corp, and Grantham Mayo Van Otterloo & Co. LLC.

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

One share of NAT stock can currently be purchased for approximately $4.49.

Nordic American Tanker has a market capitalization of $661.56 million and generates $175.45 million in revenue each year. The shipping company earns $-10,350,000.00 in net income (profit) each year or ($0.07) on an earnings per share basis.

The official website for Nordic American Tanker is www.nat.bm.

Nordic American Tanker's mailing address is 27 REID STREET, HAMILTON D0, HM 11. The shipping company can be reached via phone at 441-292-7202 or via email at www.nat.bm.