Nordic American Tankers Stock Forecast, Price & News

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 2.2% and is now trading at $3.23.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Nordic American Tankers or view MarketBeat's top 5 stock picks.

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Nordic American Tankers is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Nordic American Tankers.

Nordic American Tankers Limited (NYSE:NAT) issued its quarterly earnings results on Tuesday, November, 17th. The shipping company reported ($0.07) EPS 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 the consensus estimate of $38.55 million. Nordic American Tankers had a net margin of 32.35% and a return on equity of 14.59%.
View Nordic American Tankers' earnings history.

Nordic American Tankers announced a quarterly dividend on Tuesday, November 17th. Stockholders 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 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend is Tuesday, December 1st.
View Nordic American Tankers' dividend history.

3 brokers have issued 1-year price targets for Nordic American Tankers' stock. Their forecasts range from $3.50 to $4.75. On average, they anticipate Nordic American Tankers' share price to reach $4.13 in the next twelve months. This suggests a possible upside of 27.7% from the stock's current price.
View analysts' price targets for Nordic American Tankers.

Nordic American Tankers saw a decrease in short interest in October. As of October 30th, there was short interest totaling 9,680,000 shares, a decrease of 18.9% from the October 15th total of 11,930,000 shares. Based on an average daily volume of 2,800,000 shares, the days-to-cover ratio is presently 3.5 days.
View Nordic American Tankers' Short Interest.

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), Scorpio Tankers (STNG), Golden Ocean Group (GOGL), Teekay Tankers (TNK), GasLog (GLOG) and Teekay (TK).
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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. (5.36%), Morgan Stanley (3.40%), Greylin Investment Mangement Inc. (1.92%), State Street Corp (1.88%), Wells Fargo & Company MN (1.67%) and Arrowstreet Capital Limited Partnership (1.42%).

NAT stock was sold by a variety of institutional investors in the last quarter, including Charles Schwab Investment Management Inc., Sei Investments Co., State Street Corp, IFP Advisors Inc, Magnolia Capital Advisors LLC, BlackRock Inc., Morgan Stanley, and AQR Capital Management LLC.

NAT stock was purchased by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Arrowstreet Capital Limited Partnership, Avantax Advisory Services Inc., JPMorgan Chase & Co., KBC Group NV, Squarepoint Ops LLC, Paloma Partners Management Co, and Aigen Investment Management LP.

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.

One share of NAT stock can currently be purchased for approximately $3.23.

Nordic American Tankers has a market capitalization of $475.91 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' 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.