Nordic American Tankers Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Nordic American Tankers stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NAT, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Nordic American Tankers a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Nordic American Tankers wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Nordic American Tankers saw a decrease in short interest in August. As of August 13th, there was short interest totaling 5,660,000 shares, a decrease of 17.3% from the July 29th total of 6,840,000 shares. Based on an average daily trading volume, of 2,150,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 3.8% of the shares of the company are short sold.
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Nordic American Tankers is scheduled to release its next quarterly earnings announcement on Tuesday, November 16th 2021.
View our earnings forecast for Nordic American Tankers.

Nordic American Tankers Limited (NYSE:NAT) announced its earnings results on Sunday, August, 29th. The shipping company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.17) by $0.01. The shipping company earned $16.75 million during the quarter, compared to analyst estimates of $19.04 million. Nordic American Tankers had a negative trailing twelve-month return on equity of 15.60% and a negative net margin of 103.66%.
View Nordic American Tankers' earnings history.

Nordic American Tankers' 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 stock has decreased by 28.2% and is now trading at $2.27.
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Nordic American Tankers declared a quarterly dividend on Tuesday, August 31st. Shareholders of record on Friday, September 24th will be paid a dividend of $0.01 per share on Thursday, October 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Thursday, September 23rd.
View Nordic American Tankers' dividend history.

Nordic American Tankers pays an annual dividend of $0.08 per share and currently has a dividend yield of 3.59%. The dividend payout ratio of Nordic American Tankers is 23.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Nordic American Tankers will have a dividend payout ratio of 160.00% in the coming year. This indicates that Nordic American Tankers may not be able to sustain their current dividend.
View Nordic American Tankers' dividend history.

3 equities research analysts have issued twelve-month price objectives for Nordic American Tankers' shares. Their forecasts range from $2.75 to $5.00. On average, they anticipate Nordic American Tankers' share price to reach $3.83 in the next twelve months. This suggests a possible upside of 68.9% from the stock's current price.
View analysts' price targets for Nordic American Tankers or view top-rated stocks among Wall Street analysts.

3 employees have rated Nordic American Tankers CEO Ignacio Miras Massaguer on Glassdoor.com. Ignacio Miras Massaguer has an approval rating of 68% among Nordic American Tankers' employees.

Some companies that are related to Nordic American Tankers include Kinder Morgan (KMI), The Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Golden Ocean Group (GOGL), Golar LNG (GLNG), SFL (SFL), Scorpio Tankers (STNG), Teekay Tankers (TNK) and Teekay (TK).
View all of NAT's competitors.

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 variety of retail and institutional investors. Top institutional investors include Morgan Stanley (3.18%), Morgan Stanley (3.18%), Wells Fargo & Company MN (3.06%), JPMorgan Chase & Co. (2.25%), State Street Corp (1.70%) and Dimensional Fund Advisors LP (1.27%).

NAT stock was sold by a variety of institutional investors in the last quarter, including QS Investors LLC, State Street Corp, Balyasny Asset Management LLC, Citigroup Inc., BNP Paribas Arbitrage SA, Bank of America Corp DE, Sei Investments Co., and Bank of Montreal Can.

NAT stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Millennium Management LLC, Edgestream Partners L.P., Susquehanna Fundamental Investments LLC, Wells Fargo & Company MN, Group One Trading L.P., Citadel Advisors LLC, and Charles Schwab Investment Management Inc..

Shares of NAT 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 $2.27.

Nordic American Tankers has a market capitalization of $343.78 million and generates $233.53 million in revenue each year. The shipping company earns $50.03 million in net income (profit) each year or $0.34 on an earnings per share basis.

Nordic American Tankers employs 20 workers across the globe.

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

Nordic American Tankers is headquartered at 27 REID STREET, HAMILTON D0, HM 11.

Nordic American Tankers' 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.