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

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

3 brokers have issued 12 month price targets for Nordic American Tankers' shares. Their NAT share price forecasts range from $5.00 to $5.50. On average, they expect the company's share price to reach $5.25 in the next year. This suggests a possible upside of 49.6% from the stock's current price.
View analysts price targets for NAT or view top-rated stocks among Wall Street analysts.

Nordic American Tankers' stock was trading at $3.06 at the start of the year. Since then, NAT shares have increased by 14.7% and is now trading at $3.51.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 29th 2023.
View our NAT earnings forecast.

Nordic American Tankers Limited (NYSE:NAT) announced its quarterly earnings data on Monday, May, 22nd. The shipping company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The shipping company earned $87.09 million during the quarter, compared to analyst estimates of $79.55 million. Nordic American Tankers had a net margin of 37.03% and a trailing twelve-month return on equity of 16.91%. During the same quarter in the previous year, the business earned ($0.14) earnings per share.

Nordic American Tankers announced a quarterly dividend on Monday, May 22nd. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.15 per share on Thursday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 17.09%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for NAT.

ETFs with the largest weight of Nordic American Tankers (NYSE:NAT) stock in their portfolio include SonicShares Global Shipping ETF (BOAT).iShares Micro-Cap ETF (IWC).

Nordic American Tankers (NYSE:NAT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 15.75%. NAT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 142.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, NAT will have a dividend payout ratio of 88.24% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.80%), Dimensional Fund Advisors LP (3.03%), Allspring Global Investments Holdings LLC (2.03%), Two Sigma Advisers LP (1.83%), Two Sigma Investments LP (1.82%) and State Street Corp (1.66%).

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 $3.51.

Nordic American Tankers (NYSE:NAT) has a market capitalization of $732.89 million and generates $168.82 million in revenue each year. The shipping company earns $15.10 million in net income (profit) each year or $0.42 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.