NYSE:NATNordic American Tanker Stock Price, Forecast & News

Nordic American Tanker's stock was trading at $3.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NAT shares have increased by 48.4% and is now trading at $4.69.
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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."
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Nordic American Tanker is scheduled to release its next quarterly earnings announcement on Friday, August 21st 2020.
View our earnings forecast for Nordic American Tanker.

Nordic American Tanker Ltd (NYSE:NAT) issued its quarterly earnings data on Monday, May, 18th. The shipping company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. The shipping company earned $86.18 million during the quarter, compared to the consensus estimate of $81.33 million. Nordic American Tanker had a return on equity of 4.01% and a net margin of 11.32%.
View Nordic American Tanker's earnings history.

Nordic American Tanker declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Friday, August 28th will be given a dividend of $0.20 per share on Friday, September 4th. This represents a $0.80 annualized dividend and a yield of 17.06%. The ex-dividend date of this dividend is Thursday, August 27th. This is a boost from Nordic American Tanker's previous quarterly dividend of $0.14.
View Nordic American Tanker's dividend history.

3 analysts have issued 1 year price targets for Nordic American Tanker's stock. Their forecasts range from $4.00 to $4.75. On average, they anticipate Nordic American Tanker's share price to reach $4.38 in the next year. This suggests that the stock has a possible downside of 6.7%.
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News coverage about NAT stock has been trending negative this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Nordic American Tanker earned a media sentiment score of -2.4 on InfoTrie's scale. They also assigned headlines about the shipping company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future.
View the latest news about Nordic American Tanker.

Nordic American Tanker saw a increase in short interest in April. As of April 30th, there was short interest totaling 18,790,000 shares, an increase of 365.1% from the April 15th total of 4,040,000 shares. Based on an average daily volume of 10,090,000 shares, the days-to-cover ratio is currently 1.9 days.
View Nordic American Tanker's Short Interest.

Some companies that are related to Nordic American Tanker include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Ship Finance International (SFL), Golar LNG (GLNG), 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 Tanker investors own include Precigen (PGEN), Energy Transfer LP Unit (ET), The Gabelli Dividend & Income Trust (GDV), Marinus Pharmaceuticals (MRNS), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Realty Income (O), Ford Motor (F), AT&T (T) and Opko Health (OPK).

Nordic American Tanker trades on the New York Stock Exchange (NYSE) under the ticker symbol "NAT."

Nordic American Tanker's stock is owned by many different institutional and retail investors. Top institutional shareholders include Greylin Investment Mangement Inc. (1.94%), WealthTrust Axiom LLC (0.38%), Bank of New York Mellon Corp (0.30%), California Public Employees Retirement System (0.22%), Prudential PLC (0.21%) and Goldman Sachs Group Inc. (0.11%).

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

NAT stock was purchased by a variety of institutional investors in the last quarter, including Greylin Investment Mangement Inc., Prudential PLC, Virtu Financial LLC, IFP Advisors Inc, Golden State Wealth Management LLC, Navellier & Associates Inc, Sigma Planning Corp, and Grantham Mayo Van Otterloo & Co. LLC.

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 $4.69.

Nordic American Tanker has a market capitalization of $691.02 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.

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

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.