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S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
Why did Biden repeal Trump's Executive Order?! (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
WARNING: Do You Invest with these Banks (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
Why did Biden repeal Trump's Executive Order?! (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
WARNING: Do You Invest with these Banks (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
Why did Biden repeal Trump's Executive Order?! (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
WARNING: Do You Invest with these Banks (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
NYSE:NAT

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

$3.51
-0.11 (-3.04%)
(As of 05/31/2023 ET)
Compare
Today's Range
$3.47
$3.60
50-Day Range
$3.34
$4.04
52-Week Range
$1.80
$4.65
Volume
3.12 million shs
Average Volume
3.17 million shs
Market Capitalization
$732.89 million
P/E Ratio
8.36
Dividend Yield
17.09%
Price Target
$5.25

Nordic American Tankers MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
49.6% Upside
$5.25 Price Target
Short Interest
Healthy
3.40% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.39mentions of Nordic American Tankers in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.94%
From $0.63 to $0.68 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Transportation Sector

29th out of 123 stocks

Water Transportation Industry

3rd out of 17 stocks


NAT stock logo

About Nordic American Tankers (NYSE:NAT) Stock

Nordic American Tankers Ltd. operates as an international tanker company. It owns and operates Suezmax crude oil tankers. The company was founded by Herbjorn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda.

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NAT Stock News Headlines

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Nordic American Tankers declares $0.15 dividend
US Stocks Mixed; Nordic American Tankers Posts Upbeat Results
Nordic American Tankers (NAT) to Release Earnings on Monday
Nordic American Tankers (NYSE:NAT) Shares Up 6.7%
Top Shipping Stocks for Q2 2023
See More Headlines
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NAT Company Calendar

Ex-Dividend for 3/28 Dividend
3/13/2023
Dividend Payable
3/28/2023
Last Earnings
5/22/2023
Today
5/31/2023
Ex-Dividend for 7/6 Dividend
6/14/2023
Dividend Payable
7/06/2023
Next Earnings (Estimated)
8/29/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
G6577310
Employees
20
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.25
High Stock Price Forecast
$5.50
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+49.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$15.10 million
Pretax Margin
37.04%

Debt

Sales & Book Value

Annual Sales
$168.82 million
Cash Flow
$0.33 per share
Book Value
$2.66 per share

Miscellaneous

Free Float
202,845,000
Market Cap
$732.89 million
Optionable
Optionable
Beta
0.09

Key Executives

  • Herbjørn Hansson
    Chairman, President & Chief Executive Officer
  • Bjørn Giæver
    Chief Financial Officer & Secretary
  • Erik Tomstad
    Executive Vice President-Chartering













NAT Stock - Frequently Asked Questions

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

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.

What is Nordic American Tankers' stock price forecast for 2023?

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.

How have NAT shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Nordic American Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 29th 2023.
View our NAT earnings forecast
.

How were Nordic American Tankers' earnings last quarter?

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.

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 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
.

What ETFs hold Nordic American Tankers' stock?

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).

Is Nordic American Tankers a good dividend stock?

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.

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).

What is Nordic American Tankers' stock symbol?

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

Who are Nordic American Tankers' major shareholders?

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%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Nordic American Tankers' stock price today?

One share of NAT stock can currently be purchased for approximately $3.51.

How much money does Nordic American Tankers make?

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.

How can I contact Nordic American Tankers?

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.

This page (NYSE:NAT) was last updated on 6/1/2023 by MarketBeat.com Staff

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