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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NAT shares.
View NAT analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 1-year price targets for Nordic American Tankers' shares. Their NAT share price forecasts range from $5.00 to $6.00. On average, they expect the company's share price to reach $5.50 in the next twelve months. This suggests a possible upside of 40.7% 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 stock has increased by 27.8% and is now trading at $3.91.
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Nordic American Tankers saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 7,290,000 shares, an increase of 20.5% from the August 31st total of 6,050,000 shares. Based on an average daily volume of 2,580,000 shares, the days-to-cover ratio is presently 2.8 days.
View Nordic American Tankers' Short Interest.

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

Nordic American Tankers Limited (NYSE:NAT) announced its quarterly earnings results on Monday, August, 28th. The shipping company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The shipping company had revenue of $67.80 million for the quarter, compared to analyst estimates of $65.15 million. Nordic American Tankers had a net margin of 43.81% and a trailing twelve-month return on equity of 22.16%. During the same period in the previous year, the firm posted ($0.02) EPS.

Nordic American Tankers declared a quarterly dividend on Monday, August 28th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.13 per share on Thursday, October 5th. This represents a $0.52 annualized dividend and a dividend yield of 13.30%. The ex-dividend date is Wednesday, September 13th.
Read our dividend analysis for NAT.

SonicShares Global Shipping ETF holds 40,417 shares of NAT stock, representing 0.91% of its portfolio.

Nordic American Tankers (NYSE:NAT) pays an annual dividend of $0.52 per share and currently has a dividend yield of 13.20%. NAT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 91.23%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, NAT will have a dividend payout ratio of 71.23% next year. This indicates that the company will be able to sustain or increase its 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."

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 $3.91.

Nordic American Tankers (NYSE:NAT) has a market capitalization of $816.41 million and generates $168.82 million in revenue each year. The shipping company earns $15.10 million in net income (profit) each year or $0.57 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.