Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company's Suezmaxes tankers can carry over one million barrels of oil. The vessels in the Company's fleet are homogenous and interchangeable. The Company's vessels are employed in the spot market. The Company's vessels include Nordic Harrier, Nordic Hawk, Nordic Hunter, Nordic Voyager, Nordic Fighter, Nordic Freedom, Nordic Discovery, Nordic Saturn, Nordic Jupiter, Nordic Moon, Nordic Apollo, Nordic Cosmos, Nordic Sprite, Nordic Mistral, Nordic Passat, Nordic Vega, Nordic Breeze, Nordic Zenith, Nordic Sprinter, Nordic Skier and Nordic Light.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Sea-Borne Tankers
- Sub-Industry: Oil & Gas Storage & Transportation
- Symbol: NYSE:NAT
- CUSIP: G6577310
- Web: www.nat.bm
Capitalization:- Market Cap: $531.26 million
- Outstanding Shares: 101,969,000
Average Prices:- 50 Day Moving Avg: $5.18
- 200 Day Moving Avg: $6.55
- 52 Week Range: $4.41 - $11.02
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 19.30
- P/E Growth: -2.73
Sales & Book Value:- Annual Revenue: $313.36 million
- Price / Sales: 1.70
- Book Value: $7.96 per share
- Price / Book: 0.65
Dividend:- Annual Dividend: $0.40
- Dividend Yield: 7.7%
Profitability:- EBIDTA: $89.71 million
- Net Margins: 0.06%
- Return on Equity: 0.25%
- Return on Assets: 0.16%
Debt:- Debt-to-Equity Ratio: 0.52%
- Current Ratio: 4.69%
- Quick Ratio: 3.87%
Misc:- Average Volume: 998,736 shs.
- Beta: 0.98
- Short Ratio: 16.93
Frequently Asked Questions for Nordic American Tankers Limited (NYSE:NAT)
What is Nordic American Tankers Limited's stock symbol?
Nordic American Tankers Limited trades on the New York Stock Exchange (NYSE) under the ticker symbol "NAT."
How often does Nordic American Tankers Limited pay dividends? What is the dividend yield for Nordic American Tankers Limited?
Nordic American Tankers Limited announced a quarterly dividend on Friday, July 21st. Shareholders of record on Monday, August 14th will be paid a dividend of $0.15 per share on Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 11.52%. The ex-dividend date is Thursday, August 10th. View Nordic American Tankers Limited's Dividend History.
How were Nordic American Tankers Limited's earnings last quarter?
Nordic American Tankers Limited (NYSE:NAT) announced its quarterly earnings data on Monday, August, 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.03. The firm earned $39.10 million during the quarter, compared to analyst estimates of $42.47 million. Nordic American Tankers Limited had a net margin of 0.06% and a return on equity of 0.25%. The business's revenue for the quarter was down 29.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. View Nordic American Tankers Limited's Earnings History.
When will Nordic American Tankers Limited make its next earnings announcement?
Where is Nordic American Tankers Limited's stock going? Where will Nordic American Tankers Limited's stock price be in 2017?
7 analysts have issued 1 year target prices for Nordic American Tankers Limited's shares. Their predictions range from $4.00 to $10.00. On average, they anticipate Nordic American Tankers Limited's share price to reach $6.92 in the next twelve months. View Analyst Ratings for Nordic American Tankers Limited.
What are analysts saying about Nordic American Tankers Limited stock?
Here are some recent quotes from research analysts about Nordic American Tankers Limited stock:
- 1. According to Zacks Investment Research, "NORDIC AMERICAN is engaged of acquiring, disposing, owning, leasing, and chartering three double hull Suezmax oil tankers. " (8/16/2017)
- 2. Maxim Group analysts commented, "We are lowering our rate forecasts and estimates for NAT through 2018." (4/21/2017)
Who are some of Nordic American Tankers Limited's key competitors?
Some companies that are related to Nordic American Tankers Limited include Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS), Marten Transport (MRTN), Frontline (FRO), Avianca Holdings S.A. (AVH), Textainer Group Holdings Limited (TGH), GasLog Partners LP (GLOP), Seaspan Corporation (SSW), ArcBest Corporation (ARCB), Teekay Corporation (TK), American Railcar Industries (ARII), KNOT Offshore Partners LP (KNOP), Star Bulk Carriers Corp. (SBLK), Green Plains Partners LP (GPP), Costamare (CMRE), Navigator Holdings (NVGS), International Seaways (INSW), DHT Holdings (DHT) and Student Transportation (STB).
Who are Nordic American Tankers Limited's key executives?
Nordic American Tankers Limited's management team includes the folowing people:
- Herbjorn Hansson, Chairman of the Board, President, Chief Executive Officer
- Andreas Ove Ugland, Independent Vice Chairman of the Board
- Turid M. Sorensen, Chief Financial Officer, Executive Vice President
- David Gibbons, Director
- Jim Kelly, Independent Director
- Jan Erik Langangen, Director
- Richard H. K. Vietor Ph.D., Director
Who owns Nordic American Tankers Limited stock?
Nordic American Tankers Limited's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Northern Trust Corp (2.25%), State Street Corp (1.74%), Global X Management Co. LLC (1.08%), WealthTrust Axiom LLC (0.65%), Wells Fargo & Company MN (0.48%) and Vanguard Group Inc. (0.46%). View Institutional Ownership Trends for Nordic American Tankers Limited.
Who sold Nordic American Tankers Limited stock? Who is selling Nordic American Tankers Limited stock?
Nordic American Tankers Limited's stock was sold by a variety of institutional investors in the last quarter, including Royal Bank of Canada, Carl Domino Inc, Vanguard Group Inc., Advisor Group Inc., California State Teachers Retirement System, Boston Family Office LLC, Stifel Financial Corp and Ameriprise Financial Inc.. View Insider Buying and Selling for Nordic American Tankers Limited.
Who bought Nordic American Tankers Limited stock? Who is buying Nordic American Tankers Limited stock?
Nordic American Tankers Limited's stock was bought by a variety of institutional investors in the last quarter, including Northern Trust Corp, Greylin Investment Mangement Inc., Schwab Charles Investment Management Inc., State Street Corp, Wells Fargo & Company MN, The Manufacturers Life Insurance Company , Virtu KCG Holdings LLC and Shelton Capital Management. View Insider Buying and Selling for Nordic American Tankers Limited.
How do I buy Nordic American Tankers Limited stock?
Shares of Nordic American Tankers Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Nordic American Tankers Limited's stock price today?
One share of Nordic American Tankers Limited stock can currently be purchased for approximately $5.21.
MarketBeat Community Rating for Nordic American Tankers Limited (NYSE NAT)MarketBeat's community ratings are surveys of what our community members think about Nordic American Tankers Limited and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Nordic American Tankers Limited (NYSE:NAT) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Sell Ratings, 4 Hold Ratings |
| Consensus Rating: | Hold (Score: 1.57) |
| Consensus Price Target: | $6.92 (32.76% upside) |
Analysts' Ratings History for Nordic American Tankers Limited (NYSE:NAT)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/7/2017 | Maxim Group | Set Price Target | Sell | $5.00 -> $4.00 | Low |  |
| 7/21/2017 | Evercore ISI | Downgrade | In-Line -> Underperform | $6.00 -> $5.00 | High | |
| 7/17/2017 | Jefferies Group LLC | Reiterated Rating | Sell | $5.00 | High | |
| 2/22/2017 | Credit Suisse Group | Reiterated Rating | Neutral | | N/A | |
| 2/7/2017 | Morgan Stanley | Lower Price Target | Equal Weight | $9.00 -> $8.50 | N/A | |
| 11/16/2016 | Wells Fargo & Company | Initiated Coverage | Market Perform | | N/A | |
| 10/3/2016 | Clarkson Capital | Downgrade | Buy -> Neutral | $15.00 -> $10.00 | N/A | |
| 6/30/2016 | ABN Amro | Downgrade | Buy -> Sell | | N/A | |
| 5/4/2016 | Seaport Global Securities | Downgrade | Buy -> Neutral | $16.00 | N/A | |
(Data available from 9/24/2015 forward)
Earnings History for Nordic American Tankers Limited (NYSE:NAT)Earnings History by Quarter for Nordic American Tankers Limited (NYSE NAT)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/6/2017 | | | | | | | N/A | |
| 8/7/2017 | 6/30/2017 | ($0.13) | ($0.16) | $42.47 million | $39.10 million | View | N/A | |
| 5/8/2017 | 3/31/2017 | $0.03 | ($0.01) | $55.53 million | $55.20 million | View | N/A | |
| 2/6/2017 | 12/31/2016 | $0.01 | ($0.02) | $52.49 million | $52.54 million | View | Listen | |
| 11/10/2016 | Q316 | ($0.15) | ($0.08) | $39.54 million | $45.86 million | View | N/A | |
| 8/8/2016 | Q2 | $0.13 | $0.15 | $62.73 million | $61.65 million | View | N/A | |
| 5/9/2016 | Q1 | $0.31 | $0.33 | $78.08 million | $76.73 million | View | N/A | |
| 2/8/2016 | Q415 | $0.46 | $0.34 | $86.42 million | $77.40 million | View | N/A | |
| 11/11/2015 | Q315 | $0.27 | $0.29 | $69.92 million | $66.67 million | View | N/A | |
| 8/10/2015 | Q215 | $0.35 | $0.35 | $69.85 million | $73.46 million | View | N/A | |
| 5/11/2015 | Q1 | $0.27 | $0.34 | $73.06 million | $69.56 million | View | N/A | |
| 2/9/2015 | Q4 | $0.09 | $0.01 | $48.58 million | $43.07 million | View | N/A | |
| 11/10/2014 | Q314 | ($0.06) | $0.01 | $34.30 million | $40.91 million | View | N/A | |
| 10/30/2014 | | ($0.09) | $0.12 | $36.03 million | $14.30 million | View | N/A | |
| 8/11/2014 | Q214 | ($0.17) | ($0.19) | $25.84 million | $22.62 million | View | N/A | |
| 5/12/2014 | Q114 | $0.15 | $0.05 | $45.13 million | $45.02 million | View | N/A | |
| 2/10/2014 | Q413 | ($0.31) | ($0.31) | $20.36 million | $20.44 million | View | N/A | |
| 11/11/2013 | Q313 | ($0.27) | ($0.29) | $22.71 million | | View | N/A | |
| 5/13/2013 | Q1 2013 | ($0.28) | ($0.43) | $28.77 million | $17.27 million | View | N/A | |
| 11/15/2012 | Q312 | ($0.33) | ($0.44) | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Nordic American Tankers Limited (NYSE:NAT)2017 EPS Consensus Estimate: ($0.42)
2018 EPS Consensus Estimate: $0.42
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.01 | $0.01 | $0.01 |
| Q2 2017 | 2 | ($0.18) | ($0.11) | ($0.15) |
| Q3 2017 | 2 | ($0.27) | ($0.26) | ($0.27) |
| Q4 2017 | 2 | ($0.02) | ($0.01) | ($0.02) |
| Q1 2018 | 1 | $0.08 | $0.08 | $0.08 |
| Q2 2018 | 1 | $0.09 | $0.09 | $0.09 |
| Q3 2018 | 1 | $0.13 | $0.13 | $0.13 |
| Q4 2018 | 1 | $0.12 | $0.12 | $0.12 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Nordic American Tankers Limited (NYSE:NAT)| Most Recent Dividend: | 8/31/2017 |
| Annual Dividend: | $0.40 |
| Dividend Yield: | 7.68% |
| Dividend Growth: | 28.90% (3 Year Average) |
| Payout Ratio: | 2,000.00% (Trailing 12 Months of Earnings)
-102.56% (Based on This Year's Estimates)
148.15% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Nordic American Tankers Limited (NYSE NAT)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/21/2017 | Quarterly | $0.15 | 7.27% | 8/10/2017 | 8/14/2017 | 8/31/2017 |
| 4/20/2017 | quarterly | $0.20 | 9.55% | 5/18/2017 | 5/22/2017 | 6/8/2017 |
| 1/23/2017 | Quarterly | $0.20 | 9.21% | 2/8/2017 | 2/10/2017 | 2/24/2017 |
| 10/17/2016 | Quarterly | $0.26 | 10.6% | 10/25/2016 | 10/27/2016 | 11/10/2016 |
| 7/28/2016 | Quarterly | $0.25 | | 8/15/2016 | 8/17/2016 | 8/31/2016 |
| 4/26/2016 | quarterly | $0.43 | 11.52% | 5/10/2016 | 5/12/2016 | 5/27/2016 |
| 1/14/2016 | quarterly | $0.43 | 12.9% | 1/25/2016 | 1/27/2016 | 2/10/2016 |
| 10/15/2015 | quarterly | $0.38 | 9.73% | 10/27/2015 | 10/29/2015 | 11/12/2015 |
| 7/16/2015 | quarterly | $0.40 | 9.63% | 7/27/2015 | 7/29/2015 | 8/12/2015 |
| 4/15/2015 | quarterly | $0.38 | 12.03% | 5/5/2015 | 5/7/2015 | 5/21/2015 |
| 1/9/2015 | quarterly | $0.22 | 7.58% | 1/20/2015 | 1/22/2015 | 2/9/2015 |
| 10/7/2014 | quarterly | $0.14 | 7.12% | 10/20/2014 | 10/22/2014 | 11/5/2014 |
| 7/21/2014 | quarterly | $0.13 | 5.09% | 7/23/2014 | 7/25/2014 | 8/11/2014 |
| 7/11/2014 | quarterly | $0.12 | 5.51% | 7/23/2014 | 7/25/2014 | 8/12/2014 |
| 4/2/2014 | | $0.23 | | 5/13/2014 | 5/15/2014 | 5/27/2014 |
| 4/2/2014 | quarterly | $0.23 | 9.24% | 5/13/2014 | 5/15/2014 | 5/25/2014 |
| 1/27/2014 | quarterly | $0.12 | 4.27% | 2/18/2014 | 2/20/2014 | 3/3/2014 |
| 10/21/2013 | | $0.16 | | 11/26/2013 | 11/29/2013 | 12/11/2013 |
| 10/16/2013 | quarterly | $0.16 | 7.59% | 11/18/2013 | 11/20/2013 | 12/2/2013 |
| 7/9/2013 | quarterly | $0.16 | 7.97% | 7/29/2013 | 7/31/2013 | 8/13/2013 |
| 4/16/2013 | quarterly | $0.16 | 7.03% | 4/26/2013 | 4/30/2013 | 5/14/2013 |
| 1/17/2013 | quarterly | $0.16 | | | 1/30/2013 | 2/13/2013 |
(Data available from 1/1/2013 forward)
Insider Trading History for Nordic American Tankers Limited (NYSE:NAT)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Nordic American Tankers Limited (NYSE:NAT)
Latest Headlines for Nordic American Tankers Limited (NYSE:NAT)
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Nordic American Tankers Limited (NAT) Chart for Sunday, September, 24, 2017
