Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 33 Suezmax crude oil tankers. The company was founded in 1995 and is based in Hamilton, Bermuda.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
Current SymbolNYSE:NAT
Previous Symbol
CUSIPG6577310
Phone441-292-7202
Debt
Debt-to-Equity Ratio0.67
Current Ratio4.29
Quick Ratio3.50
Price-To-Earnings
Trailing P/E Ratio-3.86
Forward P/E Ratio-5.59
P/E GrowthN/A
Sales & Book Value
Annual Sales$154.68 million
Price / Sales2.51
Cash Flow$0.1991 per share
Price / Cash Flow13.76
Book Value$5.01 per share
Price / Book0.55
Profitability
EPS (Most Recent Fiscal Year)($0.71)
Net Income$-204,960,000.00
Net Margins-90.79%
Return on Equity-12.76%
Return on Assets-7.74%
Miscellaneous
Employees21
Outstanding Shares141,970,000
Market Cap$393.26 million
OptionableOptionable
Nordic American Tanker (NYSE:NAT) Frequently Asked Questions
What is Nordic American Tanker's stock symbol?
Nordic American Tanker trades on the New York Stock Exchange (NYSE) under the ticker symbol "NAT."
How often does Nordic American Tanker pay dividends? What is the dividend yield for Nordic American Tanker?
Nordic American Tanker declared a quarterly dividend on Thursday, November 1st. Investors of record on Wednesday, November 21st will be given a dividend of $0.10 per share on Friday, December 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.60%. The ex-dividend date of this dividend is Tuesday, November 20th. This is a positive change from Nordic American Tanker's previous quarterly dividend of $0.02. View Nordic American Tanker's Dividend History.
How were Nordic American Tanker's earnings last quarter?
Nordic American Tanker Ltd (NYSE:NAT) posted its earnings results on Monday, November, 12th. The shipping company reported ($0.15) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.11) by $0.04. The shipping company had revenue of $23.19 million for the quarter, compared to the consensus estimate of $26.40 million. Nordic American Tanker had a negative return on equity of 12.76% and a negative net margin of 90.79%. View Nordic American Tanker's Earnings History.
When is Nordic American Tanker's next earnings date?
What price target have analysts set for NAT?
7 equities research analysts have issued 12-month price objectives for Nordic American Tanker's stock. Their predictions range from $1.00 to $4.25. On average, they anticipate Nordic American Tanker's share price to reach $2.6250 in the next twelve months. This suggests that the stock has a possible downside of 4.2%. View Analyst Price Targets for Nordic American Tanker.
What is the consensus analysts' recommendation for Nordic American Tanker?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tanker in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Nordic American Tanker.
What are Wall Street analysts saying about Nordic American Tanker stock?
Here are some recent quotes from research analysts about Nordic American Tanker stock:
- 1. According to Zacks Investment Research, "NORDIC AMERICAN is engaged of acquiring, disposing, owning, leasing, and chartering three double hull Suezmax oil tankers. " (11/16/2018)
- 2. Maxim Group analysts commented, "Nordic American Tankers (NAT) reported 2Q18 results with revenue and EBITDA that were below consensus. Although the company reported the fifth consecutive quarter of losses, a $0.02 cash dividend was declared. Results for the quarter remained below cash breakeven levels, with the reported fleet-wide TCE rate of $10,500 per vessel/day trailing the global average of $12,700 per vessel/day. Introducing our 2019E NAV analysis of $0.98 ($1.27 prior) and maintaining our Sell rating and $1 price target." (8/14/2018)
Has Nordic American Tanker been receiving favorable news coverage?
News stories about NAT stock have been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Nordic American Tanker earned a daily sentiment score of 1.1 on InfoTrie's scale. They also gave news headlines about the shipping company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.
Who are some of Nordic American Tanker's key competitors?
Some companies that are related to Nordic American Tanker include Matson (MATX), Teekay Lng Partners (TGP), Golden Ocean Group (GOGL), GasLog Partners LP Unit (GLOP), Golar LNG Partners (GMLP), Teekay Offshore Partners (TOO), KNOT Offshore Partners (KNOP), Tidewater (TDW), Hoegh LNG Partners (HMLP), International Seaways (INSW), Teekay Tankers (TNK), Dynagas LNG Partners (DLNG), Hornbeck Offshore Services (HOS), Odyssey Marine Exploration (OMEX) and EuroDry (EDRY).
Who are Nordic American Tanker's key executives?
Nordic American Tanker's management team includes the folowing people:
- Mr. Herbjørn Hansson, Founder, Chairman, Pres & CEO (Age 70)
- Mr. Bjørn Giaever, CFO & Sec. (Age 51)
- Mr. Jan H. A. Møller, Head of Investor Relations and Financial Mang. (Age 33)
- Erik Tomstad, Exec. VP of Chartering
- Mr. Paal Stenberg, VP Technical Operations and Vetting (Age 46)
Who are Nordic American Tanker's major shareholders?
Nordic American Tanker's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.09%), Morgan Stanley (3.42%), Greylin Investment Mangement Inc. (1.21%), WealthTrust Axiom LLC (0.67%), Wells Fargo & Company MN (0.22%) and Rubric Capital Management LP (0.20%).
Which major investors are selling Nordic American Tanker stock?
NAT stock was sold by a variety of institutional investors in the last quarter, including Credit Suisse AG, TIAA CREF Investment Management LLC and LPL Financial LLC.
Which major investors are buying Nordic American Tanker stock?
NAT stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Rubric Capital Management LP, BlackRock Inc., Wells Fargo & Company MN, Greylin Investment Mangement Inc. and WealthTrust Axiom LLC.
How do I buy shares of Nordic American Tanker?
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, Scottrade, Fidelity and Charles Schwab.
What is Nordic American Tanker's stock price today?
One share of NAT stock can currently be purchased for approximately $2.74.
How big of a company is Nordic American Tanker?
Nordic American Tanker has a market capitalization of $393.26 million and generates $154.68 million in revenue each year. The shipping company earns $-204,960,000.00 in net income (profit) each year or ($0.71) on an earnings per share basis. Nordic American Tanker employs 21 workers across the globe.
What is Nordic American Tanker's official website?
How can I contact Nordic American Tanker?
Nordic American Tanker's mailing address is LOM BUILDING 27 REID STREET, HAMILTON D0, HM 11. The shipping company can be reached via phone at 441-292-7202 or via email at [email protected]
MarketBeat Community Rating for Nordic American Tanker (NYSE NAT)
MarketBeat's community ratings are surveys of what our community members think about Nordic American Tanker and other stocks. Vote "Outperform" if you believe NAT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NAT will underperform the S&P 500 over the long term. You may vote once every thirty days.
