Nordic American Tankers Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Nordic American Tankers stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NAT, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Nordic American Tankers a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Nordic American Tankers wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Nordic American Tankers saw a increase in short interest in the month of January. As of January 29th, there was short interest totaling 8,190,000 shares, an increase of 25.6% from the January 14th total of 6,520,000 shares. Based on an average daily volume of 2,920,000 shares, the short-interest ratio is presently 2.8 days.
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Nordic American Tankers is scheduled to release its next quarterly earnings announcement on Monday, May 17th 2021.
View our earnings forecast for Nordic American Tankers.

Nordic American Tankers Limited (NYSE:NAT) released its earnings results on Tuesday, November, 17th. The shipping company reported ($0.07) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.03) by $0.04. The shipping company earned $37.29 million during the quarter, compared to analyst estimates of $38.55 million. Nordic American Tankers had a net margin of 33.12% and a trailing twelve-month return on equity of 14.82%.
View Nordic American Tankers' earnings history.

Nordic American Tankers' stock was trading at $3.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NAT stock has increased by 0.6% and is now trading at $3.18.
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Nordic American Tankers declared a quarterly dividend on Tuesday, November 17th. Shareholders of record on Wednesday, December 2nd will be paid a dividend of $0.04 per share on Tuesday, December 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Tuesday, December 1st.
View Nordic American Tankers' dividend history.

Nordic American Tankers pays an annual dividend of $0.16 per share and currently has a dividend yield of 5.39%. NAT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View Nordic American Tankers' dividend history.

2 equities research analysts have issued 1-year price objectives for Nordic American Tankers' shares. Their forecasts range from $2.75 to $2.75. On average, they anticipate Nordic American Tankers' stock price to reach $2.75 in the next year. This suggests that the stock has a possible downside of 13.5%.
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3 employees have rated Nordic American Tankers CEO Ignacio Miras Massaguer on Glassdoor.com. Ignacio Miras Massaguer has an approval rating of 68% among Nordic American Tankers' employees.

Some companies that are related to Nordic American Tankers include Kinder Morgan (KMI), The Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Golar LNG (GLNG), SFL (SFL), Golden Ocean Group (GOGL), Scorpio Tankers (STNG), GasLog (GLOG), Teekay Tankers (TNK) and Teekay (TK).
View all of NAT's competitors.

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. (5.92%), Morgan Stanley (3.28%), Wells Fargo & Company MN (2.72%), Greylin Investment Mangement Inc. (1.91%), Dimensional Fund Advisors LP (1.37%) and Northern Trust Corp (1.26%).

NAT stock was sold by a variety of institutional investors in the last quarter, including Barclays PLC, JPMorgan Chase & Co., Morgan Stanley, Charles Schwab Investment Management Inc., Northern Trust Corp, Dimensional Fund Advisors LP, Aperio Group LLC, and Greylin Investment Mangement Inc..

NAT stock was acquired by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, BlackRock Inc., Schroder Investment Management Group, Campbell Capital Management Inc., Mackenzie Financial Corp, Dubuque Bank & Trust, SG Americas Securities LLC, and Rhumbline Advisers.

Shares of NAT 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 $3.18.

Nordic American Tankers has a market capitalization of $468.54 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.

Nordic American Tankers employs 20 workers across the globe.

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

Nordic American Tankers is headquartered at 27 REID STREET, HAMILTON D0, HM 11.

Nordic American Tankers' 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.