Nordic American Tankers Stock Forecast, Price & News

Nordic American Tankers' stock was trading at $3.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NAT shares have decreased by 5.4% and is now trading at $2.99.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Nordic American Tankers.

Nordic American Tankers is scheduled to release its next quarterly earnings announcement on Monday, November 23rd 2020.
View our earnings forecast for Nordic American Tankers.

Nordic American Tankers Limited (NYSE:NAT) released its quarterly earnings data on Monday, August, 17th. The shipping company reported $0.33 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.28 by $0.05. The shipping company had revenue of $93.77 million for the quarter, compared to analysts' expectations of $88.19 million. Nordic American Tankers had a net margin of 32.35% and a return on equity of 14.59%.
View Nordic American Tankers' earnings history.

Nordic American Tankers 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 annualized dividend and a yield of 26.76%. The ex-dividend date of this dividend is Thursday, August 27th. This is a positive change from Nordic American Tankers's previous quarterly dividend of $0.14.
View Nordic American Tankers' dividend history.

3 equities research analysts have issued twelve-month price targets for Nordic American Tankers' shares. Their forecasts range from $3.50 to $4.75. On average, they expect Nordic American Tankers' share price to reach $4.13 in the next year. This suggests a possible upside of 38.0% from the stock's current price.
View analysts' price targets for Nordic American Tankers.

Nordic American Tankers saw a decrease in short interest in September. As of September 30th, there was short interest totaling 13,170,000 shares, a decrease of 15.7% from the September 15th total of 15,620,000 shares. Based on an average daily trading volume, of 3,260,000 shares, the short-interest ratio is presently 4.0 days.
View Nordic American Tankers' Short Interest.

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), Golar LNG (GLNG), SFL (SFL), 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 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 number of retail and institutional investors. Top institutional investors include Greylin Investment Mangement Inc. (1.92%), WealthTrust Axiom LLC (0.36%), Coastal Investment Advisors Inc. (0.05%), Avantax Advisory Services Inc. (0.05%), KBC Group NV (0.04%) and Clear Street Markets LLC (0.02%).

NAT stock was sold by a variety of institutional investors in the last quarter, including IFP Advisors Inc, WealthTrust Axiom LLC, Greylin Investment Mangement Inc., and Coastal Investment Advisors Inc..

NAT stock was bought by a variety of institutional investors in the last quarter, including Avantax Advisory Services Inc., KBC Group NV, Clear Street Markets LLC, and Actinver Wealth 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

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

Nordic American Tankers has a market capitalization of $440.55 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. Nordic American Tankers employs 20 workers across the globe.

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

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.