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NYSE:NAT

Nordic American Tankers - NAT Stock Forecast, Price & News

$2.62
+0.08 (+3.15%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$2.52
$2.68
50-Day Range
$1.86
$2.62
52-Week Range
$1.40
$3.35
Volume
5.78 million shs
Average Volume
5.88 million shs
Market Capitalization
$506.86 million
P/E Ratio
N/A
Dividend Yield
3.15%
Price Target
$3.58

Nordic American Tankers MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
36.8% Upside
$3.58 Price Target
Short Interest
Healthy
7.11% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.35mentions of Nordic American Tankers in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.13) to $0.03 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Transportation Sector

78th out of 156 stocks

Water Transportation Industry

13th out of 22 stocks

NAT stock logo

About Nordic American Tankers (NYSE:NAT) Stock

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 24 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011. The company was incorporated in 1995 and is based in Hamilton, Bermuda.

Nordic American Tankers Price Performance

NYSE:NAT traded up $0.10 during mid-day trading on Monday, hitting $2.64. 161,643 shares of the company's stock were exchanged, compared to its average volume of 5,836,559. Nordic American Tankers has a one year low of $1.40 and a one year high of $3.35. The company has a current ratio of 1.52, a quick ratio of 1.21 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average price of $2.18 and a 200 day moving average price of $2.15.

Nordic American Tankers (NYSE:NAT - Get Rating) last posted its quarterly earnings data on Tuesday, May 31st. The shipping company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Nordic American Tankers had a negative return on equity of 21.52% and a negative net margin of 189.05%. The business had revenue of $15.52 million for the quarter, compared to the consensus estimate of $21.84 million. During the same period in the previous year, the firm earned ($0.16) EPS. On average, sell-side analysts anticipate that Nordic American Tankers will post -0.13 EPS for the current fiscal year.

Nordic American Tankers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Tuesday, June 14th were issued a $0.02 dividend. The ex-dividend date of this dividend was Monday, June 13th. This is a boost from Nordic American Tankers's previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 3.03%. Nordic American Tankers's payout ratio is -11.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Nordic American Tankers in a research note on Wednesday, July 20th. They set a "hold" rating and a $3.00 target price on the stock. Clarkson Capital reaffirmed a "buy" rating on shares of Nordic American Tankers in a research note on Tuesday, June 14th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $3.58.

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NAT Stock News Headlines

Nordic American Tankers: Tanker Markets Heating Up
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NAT Company Calendar

Last Earnings
5/31/2022
Ex-Dividend for 7/6 Dividend
6/13/2022
Dividend Payable
7/06/2022
Today
8/08/2022
Next Earnings (Estimated)
8/29/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
G6577310
Employees
20
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$3.58
High Stock Price Forecast
$5.00
Low Stock Price Forecast
$2.75
Forecasted Upside/Downside
+36.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-171,330,000.00
Net Margins
-189.05%
Pretax Margin
-269.80%

Debt

Sales & Book Value

Annual Sales
$67.50 million
Book Value
$2.75 per share

Miscellaneous

Free Float
N/A
Market Cap
$506.86 million
Optionable
Optionable
Beta
0.11














NAT Stock - Frequently Asked Questions

Should I buy or sell Nordic American Tankers stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NAT shares.
View NAT analyst ratings
or view top-rated stocks.

What is Nordic American Tankers' stock price forecast for 2022?

4 Wall Street research analysts have issued 12-month price targets for Nordic American Tankers' shares. Their NAT stock forecasts range from $2.75 to $5.00. On average, they anticipate the company's stock price to reach $3.58 in the next year. This suggests a possible upside of 35.2% from the stock's current price.
View analysts price targets for NAT
or view top-rated stocks among Wall Street analysts.

How has Nordic American Tankers' stock performed in 2022?

Nordic American Tankers' stock was trading at $1.69 at the start of the year. Since then, NAT stock has increased by 56.8% and is now trading at $2.65.
View the best growth stocks for 2022 here
.

Are investors shorting Nordic American Tankers?

Nordic American Tankers saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 13,760,000 shares, an increase of 25.5% from the June 30th total of 10,960,000 shares. Based on an average trading volume of 7,050,000 shares, the days-to-cover ratio is currently 2.0 days.
View Nordic American Tankers' Short Interest
.

When is Nordic American Tankers' next earnings date?

Nordic American Tankers is scheduled to release its next quarterly earnings announcement on Monday, August 29th 2022.
View our NAT earnings forecast
.

How were Nordic American Tankers' earnings last quarter?

Nordic American Tankers Limited (NYSE:NAT) released its quarterly earnings data on Tuesday, May, 31st. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by $0.03. The shipping company earned $15.52 million during the quarter, compared to analyst estimates of $21.84 million. Nordic American Tankers had a negative net margin of 189.05% and a negative trailing twelve-month return on equity of 21.52%. During the same quarter in the prior year, the firm earned ($0.16) earnings per share.

How often does Nordic American Tankers pay dividends? What is the dividend yield for Nordic American Tankers?

Nordic American Tankers announced a quarterly dividend on Wednesday, June 1st. Stockholders of record on Tuesday, June 14th will be given a dividend of $0.02 per share on Wednesday, July 6th. This represents a $0.08 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Monday, June 13th. This is a positive change from the stock's previous quarterly dividend of $0.01.
Read our dividend analysis for NAT
.

Is Nordic American Tankers a good dividend stock?

Nordic American Tankers (NYSE:NAT) pays an annual dividend of $0.08 per share and currently has a dividend yield of 3.15%.
Read our dividend analysis for NAT.

What is Ignacio Miras Massaguer's approval rating as Nordic American Tankers' CEO?

3 employees have rated Nordic American Tankers Chief Executive Officer Ignacio Miras Massaguer on Glassdoor.com. Ignacio Miras Massaguer has an approval rating of 68% among the company's employees.

What other stocks do shareholders of Nordic American Tankers own?

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).

What is Nordic American Tankers' stock symbol?

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

Who are Nordic American Tankers' major shareholders?

Nordic American Tankers' stock is owned by many different retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.70%), Connor Clark & Lunn Investment Management Ltd. (0.35%), WealthTrust Axiom LLC (0.23%), SG Americas Securities LLC (0.03%), Smith Salley & Associates (0.02%) and Pettinga Financial Advisors LLC (0.01%).

How do I buy shares of Nordic American Tankers?

Shares of NAT stock 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.
Compare Top Brokerages Here.

What is Nordic American Tankers' stock price today?

One share of NAT stock can currently be purchased for approximately $2.65.

How much money does Nordic American Tankers make?

Nordic American Tankers (NYSE:NAT) has a market capitalization of $512.67 million and generates $67.50 million in revenue each year. The shipping company earns $-171,330,000.00 in net income (profit) each year or ($0.71) on an earnings per share basis.

How many employees does Nordic American Tankers have?

Nordic American Tankers employs 20 workers across the globe.

How can I contact Nordic American Tankers?

Nordic American Tankers' mailing address is 27 REID STREET, HAMILTON D0, HM 11. The official website for the company is www.nat.bm. The shipping company can be reached via phone at (441) 292-7202, via email at www.nat.bm, or via fax at 441-292-5962.

This page (NYSE:NAT) was last updated on 8/8/2022 by MarketBeat.com Staff

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