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NYSE:NAT

Nordic American Tanker Stock Forecast, Price & News

$3.52
-0.16 (-4.35 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$3.50
Now: $3.52
$3.74
50-Day Range
$3.64
MA: $4.17
$4.69
52-Week Range
$1.90
Now: $3.52
$9.00
Volume3.53 million shs
Average Volume6.36 million shs
Market Capitalization$518.64 million
P/E Ratio5.97
Dividend Yield21.74%
Beta0.42
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

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.50 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$175.45 million
Cash Flow$0.34 per share
Book Value$4.04 per share

Profitability

Net Income$-10,350,000.00

Miscellaneous

EmployeesN/A
Market Cap$518.64 million
Next Earnings Date11/23/2020 (Estimated)
OptionableOptionable
$3.52
-0.16 (-4.35 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Nordic American Tanker (NYSE:NAT) Frequently Asked Questions

How has Nordic American Tanker's stock been impacted by 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 shares have increased by 11.4% and is now trading at $3.52.
View which stocks have been most impacted by COVID-19
.

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tanker in the last year. There are currently 1 sell rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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 Monday, November 23rd 2020.
View our earnings forecast for Nordic American Tanker
.

How were Nordic American Tanker's earnings last quarter?

Nordic American Tanker Ltd (NYSE:NAT) announced its earnings results on Monday, August, 17th. The shipping company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. Nordic American Tanker had a return on equity of 14.59% and a net margin of 32.35%.
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 declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Friday, August 28th will be paid a dividend of $0.20 per share on Friday, September 4th. This represents a $0.80 dividend on an annualized basis and a yield of 22.73%. The ex-dividend date of this dividend is Thursday, August 27th. This is a positive change from Nordic American Tanker's previous quarterly dividend of $0.14.
View Nordic American Tanker's dividend history
.

What price target have analysts set for NAT?

3 brokers have issued twelve-month target prices for Nordic American Tanker's stock. Their forecasts range from $4.00 to $4.75. On average, they expect Nordic American Tanker's stock price to reach $4.38 in the next twelve months. This suggests a possible upside of 24.3% from the stock's current price.
View analysts' price targets for Nordic American Tanker
.

Are investors shorting Nordic American Tanker?

Nordic American Tanker saw a increase in short interest in August. As of August 31st, there was short interest totaling 16,910,000 shares, an increase of 21.5% from the August 15th total of 13,920,000 shares. Based on an average daily trading volume, of 3,870,000 shares, the days-to-cover ratio is currently 4.4 days.
View Nordic American Tanker's Short Interest
.

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 Precigen (PGEN), Energy Transfer LP Unit (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 CAP MGMT/SH (NLY).

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 a variety of retail and institutional investors. Top institutional investors include Greylin Investment Mangement Inc. (1.94%), Charles Schwab Investment Management Inc. (1.02%), Nuveen Asset Management LLC (0.45%), WealthTrust Axiom LLC (0.38%), Bank of New York Mellon Corp (0.30%) and California Public Employees Retirement System (0.22%).

Which major investors are selling Nordic American Tanker stock?

NAT stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., AQR Capital Management LLC, Raymond James Financial Services Advisors Inc., WealthTrust Axiom LLC, Principal Financial Group Inc., Principal Financial Group Inc., Bank of New York Mellon Corp, and US Bancorp DE.

Which major investors are buying Nordic American Tanker stock?

NAT stock was acquired by a variety of institutional investors in the last quarter, including Charles Schwab Investment Management Inc., Greylin Investment Mangement Inc., Prudential PLC, Virtu Financial LLC, IFP Advisors Inc, Sei Investments Co., Golden State Wealth Management LLC, and Navellier & Associates 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 $3.52.

How big of a company is Nordic American Tanker?

Nordic American Tanker has a market capitalization of $518.64 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.

What is Nordic American Tanker's official website?

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

How can I contact Nordic American Tanker?

Nordic American Tanker's 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.

This page was last updated on 9/24/2020 by MarketBeat.com Staff

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