Nordic American Tankers - NAT Stock Forecast, Price & News

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our NAT earnings forecast.

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%.

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.

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.

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 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%).

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.

One share of NAT stock can currently be purchased for approximately $2.99.

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.

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.