Nordic American Tankers - NAT 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 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NAT shares.
View NAT analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued 1 year target prices for Nordic American Tankers' stock. Their NAT share price forecasts range from $2.75 to $4.00. On average, they anticipate the company's share price to reach $3.38 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price.
View analysts price targets for NAT or view top-rated stocks among Wall Street analysts.

Nordic American Tankers' stock was trading at $1.69 at the beginning of 2022. Since then, NAT stock has increased by 58.0% and is now trading at $2.67.
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Nordic American Tankers saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 9,000,000 shares, a decrease of 8.9% from the August 15th total of 9,880,000 shares. Based on an average daily trading volume, of 4,580,000 shares, the short-interest ratio is presently 2.0 days.
View Nordic American Tankers' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 23rd 2022.
View our NAT earnings forecast.

Nordic American Tankers Limited (NYSE:NAT) released its earnings results on Tuesday, August, 30th. The shipping company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.04. The shipping company earned $34.75 million during the quarter, compared to analysts' expectations of $29.25 million. Nordic American Tankers had a negative net margin of 117.57% and a negative trailing twelve-month return on equity of 17.36%. During the same period in the previous year, the firm posted ($0.18) EPS.

Nordic American Tankers announced a quarterly dividend on Tuesday, August 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.03 per share on Wednesday, October 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Wednesday, September 14th. This is an increase from the stock's previous quarterly dividend of $0.02.
Read our dividend analysis for NAT.

Nordic American Tankers (NYSE:NAT) pays an annual dividend of $0.12 per share and currently has a dividend yield of 4.49%. NAT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for NAT.

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.

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."

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.
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One share of NAT stock can currently be purchased for approximately $2.67.

Nordic American Tankers (NYSE:NAT) has a market capitalization of $516.54 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 ($0.55) on an earnings per share basis.

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.