Nordic American Tankers - NAT Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NAT shares.
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4 equities research analysts have issued 1 year target prices for Nordic American Tankers' stock. Their NAT share price forecasts range from $2.75 to $5.00. On average, they anticipate the company's share price to reach $3.58 in the next year. This suggests a possible upside of 25.7% from the stock's current price.
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Nordic American Tankers' stock was trading at $1.69 on January 1st, 2022. Since then, NAT shares have increased by 68.6% and is now trading at $2.85.
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Nordic American Tankers saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 13,760,000 shares, an increase of 25.5% from the June 30th total of 10,960,000 shares. Based on an average daily trading volume, of 7,050,000 shares, the short-interest ratio is currently 2.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 30th 2022.
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Nordic American Tankers Limited (NYSE:NAT) issued its quarterly earnings results on Tuesday, May, 31st. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.03. The shipping company had revenue of $15.52 million for the quarter, compared to analysts' expectations of $21.84 million. Nordic American Tankers had a negative trailing twelve-month return on equity of 21.52% and a negative net margin of 189.05%. During the same period last year, the firm posted ($0.16) EPS.

Nordic American Tankers declared a quarterly dividend on Wednesday, June 1st. Investors of record on Tuesday, June 14th will be paid a dividend of $0.02 per share on Wednesday, July 6th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, June 13th. This is a positive change from the stock's previous quarterly dividend of $0.01.
Read our dividend analysis for NAT.

Nordic American Tankers (NYSE:NAT) pays an annual dividend of $0.08 per share and currently has a dividend yield of 2.87%.
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."

Nordic American Tankers' stock is owned by a number of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.70%), JPMorgan Chase & Co. (2.35%), State Street Corp (1.74%), Millennium Management LLC (1.41%), Edgestream Partners L.P. (0.91%) and Northern Trust Corp (0.67%).

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 $2.85.

Nordic American Tankers (NYSE:NAT) has a market capitalization of $551.36 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 ($0.71) 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.