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 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NAT shares.
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3 equities research analysts have issued 1 year price targets for Nordic American Tankers' stock. Their NAT share price forecasts range from $5.00 to $5.50. On average, they expect the company's stock price to reach $5.25 in the next twelve months. This suggests a possible upside of 30.0% from the stock's current price.
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Nordic American Tankers' stock was trading at $3.06 at the beginning of 2023. Since then, NAT shares have increased by 32.0% and is now trading at $4.04.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 30th 2023.
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Nordic American Tankers Limited (NYSE:NAT) issued its earnings results on Monday, February, 27th. The shipping company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by $0.05. The shipping company earned $71.10 million during the quarter, compared to analysts' expectations of $83.48 million. Nordic American Tankers had a net margin of 8.95% and a trailing twelve-month return on equity of 2.96%. During the same period last year, the firm posted ($0.12) earnings per share.

Nordic American Tankers declared a quarterly dividend on Monday, February 27th. Stockholders of record on Tuesday, March 14th will be given a dividend of $0.15 per share on Tuesday, March 28th. This represents a $0.60 annualized dividend and a yield of 14.85%. The ex-dividend date is Monday, March 13th. This is a boost from the stock's previous quarterly dividend of $0.05.
Read our dividend analysis for NAT.

ETFs with the largest weight of Nordic American Tankers (NYSE:NAT) stock in their portfolio include SonicShares Global Shipping ETF (BOAT), Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and iShares Micro-Cap ETF (IWC) and

Nordic American Tankers (NYSE:NAT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 14.63%. NAT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 1,000.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, NAT will have a dividend payout ratio of 133.33% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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."

Nordic American Tankers' stock is owned by a number of institutional and retail investors. Top institutional investors include Millennium Management LLC (3.86%), Morgan Stanley (3.51%), Allspring Global Investments Holdings LLC (2.21%), Dimensional Fund Advisors LP (1.85%), JPMorgan Chase & Co. (1.58%) and Two Sigma Investments LP (1.48%).

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 $4.04.

Nordic American Tankers (NYSE:NAT) has a market capitalization of $781.58 million and generates $168.82 million in revenue each year. The shipping company earns $15.10 million in net income (profit) each year or $0.06 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.