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PYPL   80.85 (+1.52%)
NFLX   353.95 (+0.24%)
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MSFT   245.97 (+1.34%)
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NYSE:NAT

Nordic American Tankers - NAT Stock Forecast, Price & News

$3.08
+0.09 (+3.01%)
(As of 01/31/2023 11:39 AM ET)
Add
Compare
Today's Range
$2.96
$3.08
50-Day Range
$2.89
$3.75
52-Week Range
$1.40
$3.94
Volume
693,623 shs
Average Volume
2.53 million shs
Market Capitalization
$595.86 million
P/E Ratio
N/A
Dividend Yield
6.69%
Price Target
$4.50

Nordic American Tankers MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
48.0% Upside
$4.50 Price Target
Short Interest
Healthy
4.04% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
306.67%
From $0.15 to $0.61 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Transportation Sector

33rd out of 125 stocks

Water Transportation Industry

6th out of 18 stocks


NAT stock logo

About Nordic American Tankers (NYSE:NAT) Stock

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 24 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011. The company was incorporated in 1995 and is based in Hamilton, Bermuda.

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NAT Stock News Headlines

The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Nordic American Tankers Q3 2022 Earnings Preview
Best Income Stocks to Buy for October 31st
Nordic American Tankers Ltd (NYSE: NAT) - Last fixtures
See More Headlines
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NAT Company Calendar

Last Earnings
11/30/2022
Ex-Dividend for 12/20 Dividend
12/05/2022
Dividend Payable
12/20/2022
Today
1/31/2023
Next Earnings (Estimated)
2/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
G6577310
Employees
20
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$4.50
High Stock Price Forecast
$4.50
Low Stock Price Forecast
$4.50
Forecasted Upside/Downside
+46.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-171,330,000.00
Pretax Margin
-78.00%

Debt

Sales & Book Value

Annual Sales
$67.50 million
Book Value
$2.75 per share

Miscellaneous

Free Float
187,945,000
Market Cap
$595.86 million
Optionable
Optionable
Beta
0.24

Key Executives

  • Mr. 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 Tomstad
    Exec. VP of Chartering













NAT Stock - Frequently Asked Questions

Should I buy or sell Nordic American Tankers stock right now?

2 Wall Street equities research 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 equities research 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 equities research analysts have issued 12-month price targets for Nordic American Tankers' shares. Their NAT share price forecasts range from $4.50 to $4.50. On average, they anticipate the company's share price to reach $4.50 in the next year. This suggests a possible upside of 50.5% 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 beginning of the year. Since then, NAT stock has decreased by 2.3% and is now trading at $2.99.
View the best growth stocks for 2023 here
.

Are investors shorting Nordic American Tankers?

Nordic American Tankers saw a decrease in short interest in the month of December. As of December 15th, there was short interest totaling 7,660,000 shares, a decrease of 18.0% from the November 30th total of 9,340,000 shares. Based on an average trading volume of 4,790,000 shares, the short-interest ratio is currently 1.6 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 Friday, February 24th 2023.
View our NAT earnings forecast
.

How were Nordic American Tankers' earnings last quarter?

Nordic American Tankers Limited (NYSE:NAT) issued its quarterly earnings data on Wednesday, November, 30th. The shipping company reported $0.05 earnings per share (EPS) for the quarter. The shipping company had revenue of $47.38 million for the quarter, compared to the consensus estimate of $44.61 million. Nordic American Tankers had a negative trailing twelve-month return on equity of 8.40% and a negative net margin of 34.90%.

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 Thursday, November 10th. Shareholders of record on Tuesday, December 6th will be given a dividend of $0.05 per share on Tuesday, December 20th. This represents a $0.20 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date of this dividend is Monday, December 5th. This is a positive change from the stock's previous quarterly dividend of $0.03.
Read our dividend analysis for NAT
.

Is Nordic American Tankers a good dividend stock?

Nordic American Tankers (NYSE:NAT) pays an annual dividend of $0.20 per share and currently has a dividend yield of 6.69%. NAT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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."

Who are Nordic American Tankers' major shareholders?

Nordic American Tankers' stock is owned by many different retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.21%), New York State Common Retirement Fund (0.07%) and Concourse Financial Group Securities Inc. (0.00%).

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 $2.99.

How much money does Nordic American Tankers make?

Nordic American Tankers (NYSE:NAT) has a market capitalization of $578.45 million and generates $67.50 million in revenue each year. The shipping company earns $-171,330,000.00 in net income (profit) each year or ($0.23) 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 1/31/2023 by MarketBeat.com Staff