NYSE:NAT Nordic American Tankers (NAT) Stock Forecast, Price & News $3.86 -0.05 (-1.28%) (As of 11:33 AM ET) Add Compare Share Share Today's Range$3.79▼$3.8950-Day Range$3.71▼$4.4352-Week Range$2.47▼$4.65Volume1.14 million shsAverage Volume2.91 million shsMarket Capitalization$805.97 millionP/E Ratio6.77Dividend Yield13.47%Price Target$5.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Nordic American Tankers MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside41.4% Upside$5.50 Price TargetShort InterestHealthy3.49% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.66Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth21.67%From $0.60 to $0.73 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.85 out of 5 starsTransportation Sector30th out of 118 stocksWater Transportation Industry3rd out of 17 stocks 3.5 Analyst's Opinion Consensus RatingNordic American Tankers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.50, Nordic American Tankers has a forecasted upside of 41.4% from its current price of $3.89.Amount of Analyst CoverageNordic American Tankers has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.49% of the outstanding shares of Nordic American Tankers have been sold short.Short Interest Ratio / Days to CoverNordic American Tankers has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Nordic American Tankers has recently increased by 20.50%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipNordic American Tankers is a leading dividend payer. It pays a dividend yield of 13.20%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthNordic American Tankers does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Nordic American Tankers is 91.23%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Nordic American Tankers will have a dividend payout ratio of 71.23% next year. This indicates that Nordic American Tankers will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NAT. Previous Next 2.6 News and Social Media Coverage News SentimentNordic American Tankers has a news sentiment score of 0.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Nordic American Tankers this week, compared to 2 articles on an average week.Search InterestOnly 34 people have searched for NAT on MarketBeat in the last 30 days. This is a decrease of -41% compared to the previous 30 days.MarketBeat FollowsOnly 15 people have added Nordic American Tankers to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Nordic American Tankers insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.85% of the stock of Nordic American Tankers is held by insiders.Percentage Held by Institutions42.98% of the stock of Nordic American Tankers is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Nordic American Tankers are expected to grow by 21.67% in the coming year, from $0.60 to $0.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nordic American Tankers is 6.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.64.Price to Earnings Ratio vs. SectorThe P/E ratio of Nordic American Tankers is 6.82, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 10.48.Price to Book Value per Share RatioNordic American Tankers has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Nordic American Tankers (NYSE:NAT) StockNordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 19 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.Read More NAT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NAT Stock News HeadlinesOctober 2, 2023 | finance.yahoo.comNordic American Tankers Ltd (NYSE: NAT) – 2023 Annual General Meeting of Shareholders (AGM)September 29, 2023 | finanznachrichten.deNordic American Tankers Limited: Nordic American Tankers Ltd (NYSE: NAT) - The market is good for our shipsOctober 4, 2023 | Wall Street Fundamentals (Ad)Would Buffett Approve of This Growth Strategy?Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.September 29, 2023 | finance.yahoo.comNordic American Tankers Ltd (NYSE: NAT) – The market is good for our shipsSeptember 18, 2023 | markets.businessinsider.comCleaves Securities Remains a Buy on Nordic American Tanker (NAT)September 18, 2023 | msn.comNordic American Tankers: Seasonality Likely To Result In Lower Q3 Dividend - HoldSeptember 15, 2023 | finance.yahoo.comNordic American Tankers (NYSE:NAT) Is Achieving High Returns On Its CapitalSeptember 13, 2023 | finance.yahoo.comUnveiling Nordic American Tankers Ltd's Dividend Performance and SustainabilityOctober 4, 2023 | Wall Street Fundamentals (Ad)Would Buffett Approve of This Growth Strategy?Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.August 30, 2023 | markets.businessinsider.comWhy Nordic American Tankers Is A 'Buy' Amid Global Crude Recovery: Analyst On Q2 Performance And Market TrendsAugust 29, 2023 | finanznachrichten.deNordic American Tankers Limited: Nordic American Tankers Ltd (NYSE: NAT) - Founder, Chairman & CEO buys more share in NAT (repeat)August 29, 2023 | finance.yahoo.comNordic American Tankers Ltd (NYSE: NAT) – Founder, Chairman & CEO buys more share in NAT (repeat)August 29, 2023 | finance.yahoo.comNordic American Tankers Limited's (NYSE:NAT) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?August 28, 2023 | proactiveinvestors.comNordic American Tankers expected to post higher 2Q earnings in tight market for Suezmax tankersAugust 28, 2023 | benzinga.comNordic American Tankers Misses Q2 Earnings; Achieves Solid Average Time Charter EquivalentAugust 28, 2023 | finance.yahoo.comNordic American Tankers (NAT) Q2 Earnings Meet EstimatesAugust 28, 2023 | proactiveinvestors.comNordic American Tanker stock rises as it lifts dividend following strong 2Q earningsAugust 28, 2023 | finance.yahoo.comNordic American Tankers Ltd (NYSE: NAT) – Report June 30, 2023 - First half 2023 – The direction of NAT is upAugust 25, 2023 | finance.yahoo.comStock Market Action Plan: The Last Week Of SummerAugust 24, 2023 | finance.yahoo.comFrontline (FRO) Q2 Earnings Meet EstimatesAugust 23, 2023 | finance.yahoo.comNordic American Tankers Ltd (NYSE: NAT) – Earnings Release TimingAugust 16, 2023 | finance.yahoo.comZIM Integrated Shipping Services (ZIM) Reports Q2 Loss, Lags Revenue EstimatesAugust 13, 2023 | finance.yahoo.comA Look At The Fair Value Of Nordic American Tankers Limited (NYSE:NAT)August 4, 2023 | msn.comNordic American Tankers Limited: Sailing Into A StormAugust 2, 2023 | finance.yahoo.comScorpio Tankers (STNG) Q2 Earnings Surpass EstimatesJuly 31, 2023 | seekingalpha.comInsight Into Nordic American Tankers Q2-2023 Upcoming EarningsJuly 27, 2023 | finance.yahoo.comInstitutions profited after Nordic American Tankers Limited's (NYSE:NAT) market cap rose US$63m last week but individual investors profited the mostSee More Headlines Receive NAT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Nordic American Tankers and its competitors with MarketBeat's FREE daily newsletter. Email Address NAT Company Calendar Ex-Dividend for 7/6 Dividend6/14/2023Dividend Payable7/06/2023Last Earnings8/28/2023Ex-Dividend for 10/5 Dividend9/13/2023Today10/04/2023Dividend Payable10/05/2023Next Earnings (Estimated)11/29/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation SectorTransportation Current SymbolNYSE:NAT CUSIPG6577310 CIK1000177 Webwww.nat.bm Phone(441) 292-7202Fax441-292-5962Employees18Year FoundedN/APrice Target and Rating Average Stock Price Forecast$5.50 High Stock Price Forecast$6.00 Low Stock Price Forecast$5.00 Forecasted Upside/Downside+40.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.57 Trailing P/E Ratio6.86 Forward P/E Ratio6.52 P/E GrowthN/ANet Income$15.10 million Net Margins43.81% Pretax Margin43.82% Return on Equity22.16% Return on Assets13.66% Debt Debt-to-Equity Ratio0.29 Current Ratio0.99 Quick Ratio0.86 Sales & Book Value Annual Sales$168.82 million Price / Sales4.84 Cash Flow$0.35 per share Price / Cash Flow11.03 Book Value$2.79 per share Price / Book1.40Miscellaneous Outstanding Shares208,800,000Free Float202,845,000Market Cap$816.41 million OptionableOptionable Beta0.15 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Herbjorn Hansson (Age 75)Founder, Chairman, Pres & CEO Mr. Bjorn Giaever (Age 56)Exec. VP, CFO & Sec. Mr. Jan H. A. Møller (Age 38)Head of Investor Relations and Financial Mang. Erik TomstadExec. VP of CharteringKey CompetitorsTeekay TankersNYSE:TNKGolden Ocean GroupNASDAQ:GOGLGolar LNGNASDAQ:GLNGCoolNYSE:CLCOKNOT Offshore PartnersNYSE:KNOPView All CompetitorsInstitutional OwnershipBarclays PLCSold 63,311 shares on 9/21/2023Ownership: 0.020%Bluefin Capital Management LLCBought 115,100 shares on 9/11/2023Ownership: 0.055%Wolverine Trading LLCBought 13,000 shares on 8/23/2023Ownership: 0.000%California State Teachers Retirement SystemSold 8,017 shares on 8/21/2023Ownership: 0.033%Nuveen Asset Management LLCBought 614,832 shares on 8/16/2023Ownership: 1.842%View All Institutional Transactions NAT Stock - Frequently Asked Questions Should I buy or sell Nordic American Tankers stock right now? 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. What is Nordic American Tankers' stock price forecast for 2023? 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. 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 stock has increased by 27.8% and is now trading at $3.91. View the best growth stocks for 2023 here. Are investors shorting Nordic American Tankers? 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. When is Nordic American Tankers' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 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 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. How often does Nordic American Tankers pay dividends? What is the dividend yield for Nordic American Tankers? 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. What ETF holds Nordic American Tankers' stock ? SonicShares Global Shipping ETF holds 40,417 shares of NAT stock, representing 0.91% of its portfolio. Is Nordic American Tankers a good dividend stock? 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. 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." 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 $3.91. How much money does Nordic American Tankers make? 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. 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 10/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Nordic American Tankers Limited Please log in to your account or sign up in order to add this asset to your watchlist. 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