Nordic American Tankers Stock Forecast, Price & News

Nordic American Tankers' stock was trading at $3.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NAT stock has decreased by 8.9% and is now trading at $2.88.
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2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities research 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.
View analyst ratings for Nordic American Tankers or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Nordic American Tankers a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Nordic American Tankers wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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6,978 employees have rated Nordic American Tankers CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Nordic American Tankers' employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Nordic American Tankers is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Nordic American Tankers.

Nordic American Tankers Limited (NYSE:NAT) released its earnings results on Tuesday, November, 17th. The shipping company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.03) by $0.04. The shipping company earned $37.29 million during the quarter, compared to the consensus estimate of $38.55 million. Nordic American Tankers had a net margin of 33.12% and a return on equity of 14.82%.
View Nordic American Tankers' earnings history.

Nordic American Tankers declared a quarterly dividend on Tuesday, November 17th. Shareholders of record on Wednesday, December 2nd will be given a dividend of $0.04 per share on Tuesday, December 15th. This represents a $0.16 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend is Tuesday, December 1st.
View Nordic American Tankers' dividend history.

Nordic American Tankers pays an annual dividend of $0.16 per share and currently has a dividend yield of 5.59%. NAT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View Nordic American Tankers' dividend history.

2 analysts have issued 1 year price targets for Nordic American Tankers' shares. Their forecasts range from $3.50 to $3.50. On average, they expect Nordic American Tankers' stock price to reach $3.50 in the next twelve months. This suggests a possible upside of 21.5% from the stock's current price.
View analysts' price targets for Nordic American Tankers or view Wall Street analyst' top-rated stocks.

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), Golden Ocean Group (GOGL), Scorpio Tankers (STNG), GasLog (GLOG), 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 institutional and retail investors. Top institutional investors include Greylin Investment Mangement Inc. (1.91%), Campbell Capital Management Inc. (0.11%), Kestra Advisory Services LLC (0.01%), Grandview Asset Management LLC (0.01%) and Stonebridge Capital Management Inc. (0.01%).

NAT stock was sold by a variety of institutional investors in the last quarter, including Greylin Investment Mangement Inc., and Kestra Advisory Services LLC.

NAT stock was purchased by a variety of institutional investors in the last quarter, including Campbell Capital Management Inc., Grandview Asset Management LLC, and Stonebridge Capital 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.

One share of NAT stock can currently be purchased for approximately $2.88.

Nordic American Tankers has a market capitalization of $424.34 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.