Nordic American Tankers Limited Company Profile (NYSE:NAT)

About Nordic American Tankers Limited (NYSE:NAT)

Nordic American Tankers Limited logoNordic 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: $642.4 million
  • Outstanding Shares: 101,969,000
Average Prices:
  • 50 Day Moving Avg: $6.60
  • 200 Day Moving Avg: $7.95
  • 52 Week Range: $5.47 - $14.82
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 24.23
  • P/E Growth: 7.82
Sales & Book Value:
  • Annual Revenue: $335.91 million
  • Price / Sales: 1.91
  • Book Value: $8.31 per share
  • Price / Book: 0.76
Dividend:
  • Annual Dividend: $0.80
  • Dividend Yield: 13.1%
Profitability:
  • EBIDTA: $113.6 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: 1.32 million shs.
  • Beta: 1
  • Short Ratio: 8.3
 

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 declared a quarterly dividend on Thursday, April 20th. Stockholders of record on Monday, May 22nd will be paid a dividend of $0.20 per share on Thursday, June 8th. This represents a $0.80 annualized dividend and a dividend yield of 12.70%. The ex-dividend date of this dividend is Thursday, May 18th. View Nordic American Tankers Limited's Dividend History.

How were Nordic American Tankers Limited's earnings last quarter?

Nordic American Tankers Limited (NYSE:NAT) issued its quarterly earnings results on Monday, May, 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.04. The business had revenue of $55.20 million for the quarter, compared to analyst estimates of $55.53 million. Nordic American Tankers Limited had a return on equity of 0.25% and a net margin of 0.06%. Nordic American Tankers Limited's revenue was down 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 EPS. View Nordic American Tankers Limited's Earnings History.

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 12-month price targets for Nordic American Tankers Limited's shares. Their forecasts range from $5.00 to $10.00. On average, they expect Nordic American Tankers Limited's share price to reach $7.50 in the next year. 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. " (6/27/2017)
  • 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?

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 many different of institutional and retail investors. Top institutional shareholders include Morgan Stanley (3.20%), Van Den Berg Management I Inc. (1.09%), Global X Management Co. LLC (1.03%), WealthTrust Axiom LLC (0.61%), Vanguard Group Inc. (0.55%) and UBS Group AG (0.45%). 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 Vanguard Group Inc., Cipher Capital LP, Bank of New York Mellon Corp, Credit Suisse AG, Morgan Stanley, Bank of Montreal Can, TIAA CREF Investment Management LLC and Bank of America Corp DE. 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 acquired by a variety of institutional investors in the last quarter, including Van Den Berg Management I Inc., Global X Management Co. LLC, Wells Fargo & Company MN, Shelton Capital Management, First Financial Equity Corporation, WealthTrust Axiom LLC, RPG Investment Advisory LLC and Carl Domino Inc. 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 $6.30.


MarketBeat Community Rating for Nordic American Tankers Limited (NYSE NAT)
Community Ranking:  1.4 out of 5 ()
Outperform Votes:  96 (Vote Outperform)
Underperform Votes:  244 (Vote Underperform)
Total Votes:  340
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.

Analyst Ratings

Consensus Ratings for Nordic American Tankers Limited (NYSE:NAT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Sell Ratings, 4 Hold Ratings
Consensus Rating:Hold (Score: 1.57)
Consensus Price Target: $7.50 (19.05% upside)

Analysts' Ratings History for Nordic American Tankers Limited (NYSE:NAT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/15/2017Maxim GroupLower Price TargetSell$6.00 -> $5.00LowView Rating Details
5/8/2017Jefferies Group LLCReiterated RatingSell$7.00 -> $5.00HighView Rating Details
2/22/2017Credit Suisse GroupReiterated RatingNeutralN/AView Rating Details
2/7/2017Morgan StanleyLower Price TargetEqual Weight$9.00 -> $8.50N/AView Rating Details
11/16/2016Wells Fargo & CompanyInitiated CoverageMarket PerformN/AView Rating Details
10/3/2016Clarkson CapitalDowngradeBuy -> Neutral$15.00 -> $10.00N/AView Rating Details
6/30/2016ABN AmroDowngradeBuy -> SellN/AView Rating Details
5/4/2016Seaport Global SecuritiesDowngradeBuy -> Neutral$16.00N/AView Rating Details
8/12/2015Eurobank EFGUpgradeBuyN/AView Rating Details
(Data available from 6/29/2015 forward)

Earnings

Earnings History for Nordic American Tankers Limited (NYSE:NAT)
Earnings by Quarter for Nordic American Tankers Limited (NYSE:NAT)
Earnings History by Quarter for Nordic American Tankers Limited (NYSE NAT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/8/20173/31/2017$0.03($0.01)$55.53 million$55.20 millionViewN/AView Earnings Details
2/6/201712/31/2016$0.01($0.02)$52.49 million$52.54 millionViewListenView Earnings Details
11/10/2016Q316($0.15)($0.08)$39.54 million$45.86 millionViewN/AView Earnings Details
8/8/2016Q2$0.13$0.15$62.73 million$61.65 millionViewN/AView Earnings Details
5/9/2016Q1$0.31$0.33$78.08 million$76.73 millionViewN/AView Earnings Details
2/8/2016Q415$0.46$0.34$86.42 million$77.40 millionViewN/AView Earnings Details
11/11/2015Q315$0.27$0.29$69.92 million$66.67 millionViewN/AView Earnings Details
8/10/2015Q215$0.35$0.35$69.85 million$73.46 millionViewN/AView Earnings Details
5/11/2015Q1$0.27$0.34$73.06 million$69.56 millionViewN/AView Earnings Details
2/9/2015Q4$0.09$0.01$48.58 million$43.07 millionViewN/AView Earnings Details
11/10/2014Q314($0.06)$0.01$34.30 million$40.91 millionViewN/AView Earnings Details
10/30/2014($0.09)$0.12$36.03 million$14.30 millionViewN/AView Earnings Details
8/11/2014Q214($0.17)($0.19)$25.84 million$22.62 millionViewN/AView Earnings Details
5/12/2014Q114$0.15$0.05$45.13 million$45.02 millionViewN/AView Earnings Details
2/10/2014Q413($0.31)($0.31)$20.36 million$20.44 millionViewN/AView Earnings Details
11/11/2013Q313($0.27)($0.29)$22.71 millionViewN/AView Earnings Details
5/13/2013Q1 2013($0.28)($0.43)$28.77 million$17.27 millionViewN/AView Earnings Details
11/15/2012Q312($0.33)($0.44)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Nordic American Tankers Limited (NYSE:NAT)
2017 EPS Consensus Estimate: ($0.33)
2018 EPS Consensus Estimate: $0.42
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.01$0.01$0.01
Q2 20172($0.18)($0.11)($0.15)
Q3 20172($0.27)($0.08)($0.18)
Q4 20172($0.02)($0.01)($0.02)
Q1 20181$0.08$0.08$0.08
Q2 20181$0.09$0.09$0.09
Q3 20181$0.13$0.13$0.13
Q4 20181$0.12$0.12$0.12
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Nordic American Tankers Limited (NYSE:NAT)
Most Recent Dividend:6/8/2017
Annual Dividend:$0.80
Dividend Yield:12.70%
Dividend Growth:28.90% (3 Year Average)
Payout Ratio:4,000.00% (Trailing 12 Months of Earnings)
-470.59% (Based on This Year's Estimates)
307.69% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Nordic American Tankers Limited (NYSE:NAT)

Dividend History by Quarter for Nordic American Tankers Limited (NYSE NAT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/20/2017quarterly$0.209.55%5/18/20175/22/20176/8/2017
1/23/2017Quarterly$0.209.21%2/8/20172/10/20172/24/2017
10/17/2016Quarterly$0.2610.6%10/25/201610/27/201611/10/2016
7/28/2016Quarterly$0.258/15/20168/17/20168/31/2016
4/26/2016quarterly$0.4311.52%5/10/20165/12/20165/27/2016
1/14/2016quarterly$0.4312.9%1/25/20161/27/20162/10/2016
10/15/2015quarterly$0.389.73%10/27/201510/29/201511/12/2015
7/16/2015quarterly$0.409.63%7/27/20157/29/20158/12/2015
4/15/2015quarterly$0.3812.03%5/5/20155/7/20155/21/2015
1/9/2015quarterly$0.227.58%1/20/20151/22/20152/9/2015
10/7/2014quarterly$0.147.12%10/20/201410/22/201411/5/2014
7/21/2014quarterly$0.135.09%7/23/20147/25/20148/11/2014
7/11/2014quarterly$0.125.51%7/23/20147/25/20148/12/2014
4/2/2014$0.235/13/20145/15/20145/27/2014
4/2/2014quarterly$0.239.24%5/13/20145/15/20145/25/2014
1/27/2014quarterly$0.124.27%2/18/20142/20/20143/3/2014
10/21/2013$0.1611/26/201311/29/201312/11/2013
10/16/2013quarterly$0.167.59%11/18/201311/20/201312/2/2013
7/9/2013quarterly$0.167.97%7/29/20137/31/20138/13/2013
4/16/2013quarterly$0.167.03%4/26/20134/30/20135/14/2013
1/17/2013quarterly$0.161/30/20132/13/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Nordic American Tankers Limited (NYSE:NAT)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Nordic American Tankers Limited (NYSE:NAT)
Latest Headlines for Nordic American Tankers Limited (NYSE:NAT)
Source:
DateHeadline
americanbankingnews.com logoZacks Investment Research Lowers Nordic American Tankers Limited (NAT) to Strong Sell
www.americanbankingnews.com - June 27 at 7:24 AM
nasdaq.com logoNordic American Tankers Limited (NYSE:NAT) - Renewal and Filing of Shelf Registration Statement - Nasdaq
www.nasdaq.com - June 24 at 12:15 AM
finance.yahoo.com logoNordic American Tankers Limited (NYSE:NAT) - Renewal and Filing of Shelf Registration Statement
finance.yahoo.com - June 23 at 7:15 PM
finance.yahoo.com logoBenzinga's Option Alert Recap From June 23
finance.yahoo.com - June 23 at 7:15 PM
finance.yahoo.com logoAnalysts’ Recommendations for Crude Tankers in Week 24
finance.yahoo.com - June 22 at 8:21 AM
finance.yahoo.com logoHighlights from Nordic American Tankers’ Conference Call
finance.yahoo.com - June 21 at 7:58 PM
benzinga.com logoNordic American Tankers Limited (NAT) - Nordic...
www.benzinga.com - June 13 at 7:35 AM
nasdaq.com logoNordic American Tankers Limited (NAT) - Nordic American Offshore Ltd. (NAO) - Telephone Conference
www.nasdaq.com - June 11 at 7:04 PM
feeds.benzinga.com logoNordic American Tankers Limited (NAT) - Nordic American Offshore Ltd. (NAO) - Telephone Conference for Shareholders/Investors, Tuesday June 13, 2017 at 08:00 am US Eastern Time.
feeds.benzinga.com - June 11 at 9:45 AM
americanbankingnews.com logo$43.04 Million in Sales Expected for Nordic American Tanker Ltd (NAT) This Quarter
www.americanbankingnews.com - June 11 at 8:34 AM
finance.yahoo.com logoWhy Scorpio Tankers, Nordic American Tankers, and Navigator Holdings Got Crushed in May
finance.yahoo.com - June 9 at 6:59 PM
americanbankingnews.com logoNordic American Tanker Ltd (NAT) Expected to Announce Earnings of -$0.11 Per Share
www.americanbankingnews.com - June 9 at 4:26 PM
americanbankingnews.com logoNordic American Tanker Ltd (NAT) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - June 9 at 11:00 AM
globenewswire.com logoNordic American Tankers Limited (NAT) - Nordic American Offshore Ltd. (NAO) - Telephone Conference for ... - GlobeNewswire (press release)
globenewswire.com - June 6 at 9:06 AM
americanbankingnews.com logoNordic American Tanker Ltd (NAT) Upgraded to "Strong-Buy" by Vetr Inc.
www.americanbankingnews.com - June 5 at 5:38 PM
nasdaq.com logoNordic American Tankers Limited (NAT) - Nordic American Offshore Ltd. (NAO) - Telephone Conference for ... - Nasdaq
www.nasdaq.com - June 5 at 9:05 AM
feeds.benzinga.com logoNordic American Tankers Limited (NAT) - Nordic American Offshore Ltd. (NAO) - Telephone Conference for shareholders/investors, Tuesday June 13, 2017 at 08:00 am US Eastern Time
feeds.benzinga.com - June 5 at 5:22 AM
americanbankingnews.com logoNordic American Tanker Ltd (NAT) Downgraded to Buy at Vetr Inc.
www.americanbankingnews.com - June 2 at 12:16 AM
reuters.com logoBRIEF-CEO of Nordic American Tanker buys 250,000 shares in company
www.reuters.com - May 31 at 7:06 PM
finance.yahoo.com logoWhy Crude Tanker Rates Fell in May 2017
finance.yahoo.com - May 31 at 7:06 PM
feeds.benzinga.com logoNordic American Tankers Limited (NYSE:NAT) - the Chairman & CEO and his immediate family increase its holding in NAT.
feeds.benzinga.com - May 31 at 11:50 AM
nasdaq.com logoNordic American Tankers Limited (NYSE:NAT) - Organizational Update - Nasdaq
www.nasdaq.com - May 30 at 6:28 AM
feeds.benzinga.com logoNordic American Tankers Limited (NYSE:NAT) - Organizational Update
feeds.benzinga.com - May 30 at 5:49 AM
globenewswire.com logoNORDIC AMERICAN TANKERS LIMITED (NYSE:NAT) - STRONG ... - GlobeNewswire (press release)
globenewswire.com - May 29 at 3:22 PM
americanbankingnews.com logoNordic American Tanker Ltd (NAT) Given New $5.00 Price Target at Maxim Group
www.americanbankingnews.com - May 29 at 9:26 AM
finance.yahoo.com logoETFs with exposure to Nordic American Tankers Ltd. : May 26, 2017
finance.yahoo.com - May 26 at 7:38 PM
americanbankingnews.com logoNordic American Tanker Ltd (NAT) Raised to "Buy" at Vetr Inc.
www.americanbankingnews.com - May 25 at 12:38 AM
nasdaq.com logoNordic American Tankers Limited (NAT) Ex-Dividend Date Scheduled for May 18, 2017 - Nasdaq
www.nasdaq.com - May 18 at 8:16 AM
finance.yahoo.com logoETFs with exposure to Nordic American Tankers Ltd. : May 16, 2017
finance.yahoo.com - May 16 at 6:29 PM
americanbankingnews.com logoNordic American Tanker Ltd (NAT) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - May 15 at 11:22 AM
finance.yahoo.com logoJefferies Cut Nordic American Tankers’ Target Price
finance.yahoo.com - May 15 at 10:15 AM
americanbankingnews.com logoZacks: Brokerages Expect Nordic American Tanker Ltd (NAT) Will Post Earnings of -$0.06 Per Share
www.americanbankingnews.com - May 15 at 10:06 AM
americanbankingnews.com logoNordic American Tanker Ltd (NAT) Expected to Post FY2017 Earnings of ($0.50) Per Share
www.americanbankingnews.com - May 11 at 11:12 AM
americanbankingnews.com logoSeaport Global Securities Comments on Nordic American Tanker Ltd's Q2 2017 Earnings (NAT)
www.americanbankingnews.com - May 11 at 8:10 AM
finance.yahoo.com logoNordic American Tankers Ltd. :NAT-US: Earnings Analysis: Q1, 2017 By the Numbers : May 10, 2017
finance.yahoo.com - May 10 at 12:10 PM
finance.yahoo.com logoPress release from Nordic American Tankers (NYSE:NAT): Nordic American Offshore (NYSE:NAO) - Increased ownership by the Hansson family
finance.yahoo.com - May 9 at 6:23 PM
streetinsider.com logoNordic American Tanker Shipping Ltd. (NAT) PT Lowered to $5 at Jefferies
www.streetinsider.com - May 9 at 11:37 AM
americanbankingnews.com logoSeaport Global Securities Weighs in on Nordic American Tanker Ltd's FY2018 Earnings (NAT)
www.americanbankingnews.com - May 9 at 11:28 AM
americanbankingnews.com logoNordic American Tanker Ltd (NAT) Downgraded by Vetr Inc. to "Buy"
www.americanbankingnews.com - May 9 at 12:39 AM
americanbankingnews.com logoNordic American Tanker Ltd (NAT) Downgraded by Vetr Inc.
www.americanbankingnews.com - May 9 at 12:18 AM
americanbankingnews.com logoNordic American Tanker's (NAT) "Sell" Rating Reiterated at Jefferies Group LLC
www.americanbankingnews.com - May 8 at 10:16 PM
finanznachrichten.de logoNordic American Tankers Limited: Nordic American Tankers (NYSE:NAT) - Repeat of Earlier Message of Today
www.finanznachrichten.de - May 8 at 6:14 PM
americanbankingnews.com logoNordic American Tanker Ltd (NAT) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS
www.americanbankingnews.com - May 8 at 2:32 PM
feeds.benzinga.com logoNordic American Tankers (NYSE:NAT) - Repeat of Earlier Message of Today
feeds.benzinga.com - May 8 at 2:01 PM
americanbankingnews.com logoNordic American Tanker Ltd (NAT) Price Target Cut to $5.00
www.americanbankingnews.com - May 8 at 12:56 PM
marketbeat.com logoNordic American Tankers posts 1Q loss
marketbeat.com - May 8 at 8:58 AM
seekingalpha.com logoNordic American Tankers misses by $0.06, misses on revenue
seekingalpha.com - May 8 at 7:31 AM
feeds.benzinga.com logoNordic American Tankers' 1Q2017 Report (NYSE:NAT) - The Company is in a solid financial position with a strong cashflow.
feeds.benzinga.com - May 8 at 3:19 AM
nasdaq.com logo5 Shipping Stocks Likely to Beat Estimates in Q1 Earnings - Nasdaq
www.nasdaq.com - May 6 at 12:03 AM
seekingalpha.com logoIs Nordic American Tankers In Trouble?
seekingalpha.com - May 5 at 7:03 PM

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Chart

Nordic American Tankers Limited (NAT) Chart for Thursday, June, 29, 2017

This page was last updated on 6/29/2017 by MarketBeat.com Staff