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NYSE:NAT - Nordic American Tanker Stock Price, Forecast & News

$4.04
+0.52 (+14.77 %)
(As of 03/29/2020 01:53 PM ET)
Today's Range
$3.33
Now: $4.04
$4.24
50-Day Range
$2.46
MA: $3.07
$3.56
52-Week Range
$1.66
Now: $4.04
$5.28
Volume7.28 million shs
Average Volume3.58 million shs
Market Capitalization$595.25 million
P/E RatioN/A
Dividend Yield7.95%
Beta0.87
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 33 Suezmax crude oil tankers. The company was founded in 1995 and is based in Hamilton, Bermuda.
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Nordic American Tanker logo

Industry, Sector and Symbol

Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
CUSIPG6577310
Phone441-292-7202

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$175.45 million
Cash Flow$0.43 per share
Book Value$4.19 per share

Profitability

Net Income$-10,350,000.00

Miscellaneous

EmployeesN/A
Market Cap$595.25 million
Next Earnings Date5/12/2020 (Estimated)
OptionableOptionable

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Nordic American Tanker (NYSE:NAT) Frequently Asked Questions

How has Nordic American Tanker's stock been impacted by COVID-19 (Coronavirus)?

Nordic American Tanker's stock was trading at $3.16 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NAT stock has increased by 27.8% and is now trading at $4.04. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Nordic American Tanker?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tanker in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Nordic American Tanker.

When is Nordic American Tanker's next earnings date?

Nordic American Tanker is scheduled to release its next quarterly earnings announcement on Tuesday, May 12th 2020. View our earnings forecast for Nordic American Tanker.

How were Nordic American Tanker's earnings last quarter?

Nordic American Tanker Ltd (NYSE:NAT) released its earnings results on Tuesday, February, 18th. The shipping company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.17 by $0.08. The shipping company had revenue of $58.82 million for the quarter, compared to the consensus estimate of $72.97 million. Nordic American Tanker had a negative net margin of 5.90% and a negative return on equity of 1.76%. View Nordic American Tanker's earnings history.

How often does Nordic American Tanker pay dividends? What is the dividend yield for Nordic American Tanker?

Nordic American Tanker announced a quarterly dividend on Wednesday, March 25th. Stockholders of record on Tuesday, May 26th will be paid a dividend of $0.14 per share on Friday, June 5th. This represents a $0.56 annualized dividend and a dividend yield of 13.86%. The ex-dividend date is Friday, May 22nd. This is a positive change from Nordic American Tanker's previous quarterly dividend of $0.07. View Nordic American Tanker's dividend history.

What price target have analysts set for NAT?

2 equities research analysts have issued twelve-month price targets for Nordic American Tanker's shares. Their forecasts range from $4.00 to $4.75. On average, they expect Nordic American Tanker's share price to reach $4.38 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price. View analysts' price targets for Nordic American Tanker.

Has Nordic American Tanker been receiving favorable news coverage?

News coverage about NAT stock has been trending extremely negative on Sunday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Nordic American Tanker earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned media headlines about the shipping company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutNordic American Tanker.

Who are some of Nordic American Tanker's key competitors?

What other stocks do shareholders of Nordic American Tanker own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nordic American Tanker investors own include Intrexon (XON), The Gabelli Dividend & Income Trust (GDV), Energy Transfer LP Unit (ET), Marinus Pharmaceuticals (MRNS), Realty Income (O), Ford Motor (F), Centurylink (CTL), Opko Health (OPK), ANNALY CAP MGMT/SH (NLY) and AT&T (T).

Who are Nordic American Tanker's key executives?

Nordic American Tanker's management team includes the following people:
  • Mr. Herbjørn Hansson, Founder, Chairman, Pres & CEO (Age 71)
  • Mr. Bjørn Giaever, Exec. VP & CFO (Age 52)
  • Mr. Jan H. A. Møller, Head of Investor Relations and Financial Mang. (Age 34)
  • Erik Tomstad, Exec. VP of Chartering
  • Mr. Jan Erik Langangen, Advisor & Director (Age 69)

What is Nordic American Tanker's stock symbol?

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

Who are Nordic American Tanker's major shareholders?

Nordic American Tanker's stock is owned by many different retail and institutional investors. Top institutional investors include State Street Corp (1.95%), Greylin Investment Mangement Inc. (1.59%), Prudential Financial Inc. (0.95%), Geode Capital Management LLC (0.87%), EAM Global Investors LLC (0.79%) and EAM Investors LLC (0.57%).

Which institutional investors are selling Nordic American Tanker stock?

NAT stock was sold by a variety of institutional investors in the last quarter, including Advisor Group Inc., SG Americas Securities LLC, Bank of America Corp DE, First Allied Advisory Services Inc., and Principal Financial Group Inc..

Which institutional investors are buying Nordic American Tanker stock?

NAT stock was bought by a variety of institutional investors in the last quarter, including Prudential Financial Inc., EAM Global Investors LLC, EAM Investors LLC, Public Sector Pension Investment Board, Man Group plc, Acadian Asset Management LLC, Hodges Capital Management Inc., and Greylin Investment Mangement Inc..

How do I buy shares of Nordic American Tanker?

Shares of NAT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Nordic American Tanker's stock price today?

One share of NAT stock can currently be purchased for approximately $4.04.

How big of a company is Nordic American Tanker?

Nordic American Tanker has a market capitalization of $595.25 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.  View additional information about Nordic American Tanker.

What is Nordic American Tanker's official website?

The official website for Nordic American Tanker is http://www.nat.bm/.

How can I contact Nordic American Tanker?

Nordic American Tanker's mailing address is LOM BUILDING 27 REID STREET, HAMILTON HM 11 D0, HM 11. The shipping company can be reached via phone at 441-292-7202 or via email at [email protected]


MarketBeat Community Rating for Nordic American Tanker (NYSE NAT)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  314 (Thanks for Voting!)
Underperform Votes:  549 (Thanks for Voting!)
Total Votes:  863
MarketBeat's community ratings are surveys of what our community members think about Nordic American Tanker and other stocks. Vote "Outperform" if you believe NAT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NAT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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