S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
NYSE:NAT

Nordic American Tankers - NAT Stock Forecast, Price & News

$2.85
+0.06 (+2.15%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$2.79
$2.88
50-Day Range
$1.86
$2.79
52-Week Range
$1.40
$3.35
Volume
2.52 million shs
Average Volume
5.78 million shs
Market Capitalization
$551.36 million
P/E Ratio
N/A
Dividend Yield
2.87%
Price Target
$3.58

Nordic American Tankers MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
25.7% Upside
$3.58 Price Target
Short Interest
Healthy
6.75% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.24mentions of Nordic American Tankers in the last 14 days
Based on 4 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.

2.19 out of 5 stars

Transportation Sector

65th out of 123 stocks

Water Transportation Industry

10th out of 19 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 Trading Up 2.2 %

NYSE:NAT opened at $2.79 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.52 and a debt-to-equity ratio of 0.53. The business's 50 day moving average is $2.26 and its two-hundred day moving average is $2.20. Nordic American Tankers has a 52 week low of $1.40 and a 52 week high of $3.35.

Nordic American Tankers (NYSE:NAT - Get Rating) last announced its quarterly earnings results on Tuesday, May 31st. The shipping company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $15.52 million for the quarter, compared to analyst estimates of $21.84 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. On average, research analysts predict that Nordic American Tankers will post -0.13 earnings per share for the current fiscal year.

Nordic American Tankers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Tuesday, June 14th were paid a dividend of $0.02 per share. The ex-dividend date was Monday, June 13th. This is a positive change from Nordic American Tankers's previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 2.87%. Nordic American Tankers's dividend payout ratio (DPR) is currently -11.27%.

Wall Street Analyst Weigh In

NAT has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on Nordic American Tankers in a research report on Wednesday, July 20th. They issued a "hold" rating and a $3.00 price objective on the stock. Clarkson Capital reiterated 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.58.

Receive NAT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Nordic American Tankers and its competitors with MarketBeat's FREE daily newsletter.

NAT Stock News Headlines

EuroDry (EDRY) Q2 Earnings Miss Estimates
Nordic American Tankers: Tanker Markets Heating Up
See More Headlines
Receive NAT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Nordic American Tankers and its competitors with MarketBeat's FREE daily newsletter.

NAT Company Calendar

Last Earnings
5/31/2022
Ex-Dividend for 7/6 Dividend
6/13/2022
Dividend Payable
7/06/2022
Today
8/18/2022
Next Earnings (Confirmed)
8/30/2022
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
+25.7%
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
$551.36 million
Optionable
Optionable
Beta
0.11

Key Executives

  • Mr. Herbjorn Hansson (Age 74)
    Founder, Chairman, Pres & CEO
  • Mr. Bjorn Giaever (Age 55)
    Exec. VP, CFO & Sec.
  • Mr. Jan H. A. Møller (Age 37)
    Head of Investor Relations and Financial Mang.
  • Erik Tomstad
    Exec. VP of Chartering













NAT Stock - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last year. There are currently 2 hold ratings 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.

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

4 equities research analysts have issued 1 year target prices for Nordic American Tankers' stock. Their NAT share price forecasts range from $2.75 to $5.00. On average, they anticipate the company's share price to reach $3.58 in the next year. This suggests a possible upside of 25.7% from the stock's current price.
View analysts price targets for NAT
or view top-rated stocks among Wall Street analysts.

How have NAT shares performed in 2022?

Nordic American Tankers' stock was trading at $1.69 on January 1st, 2022. Since then, NAT shares have increased by 68.6% and is now trading at $2.85.
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 daily trading volume, of 7,050,000 shares, the short-interest ratio is currently 2.0 days.
View Nordic American Tankers' Short Interest
.

When is Nordic American Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 30th 2022.
View our NAT earnings forecast
.

How were Nordic American Tankers' earnings last quarter?

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

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

Nordic American Tankers declared a quarterly dividend on Wednesday, June 1st. Investors of record on Tuesday, June 14th will be paid a dividend of $0.02 per share on Wednesday, July 6th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.81%. 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 2.87%.
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 a number of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.70%), JPMorgan Chase & Co. (2.35%), State Street Corp (1.74%), Millennium Management LLC (1.41%), Edgestream Partners L.P. (0.91%) and Northern Trust Corp (0.67%).

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 $2.85.

How much money does Nordic American Tankers make?

Nordic American Tankers (NYSE:NAT) has a market capitalization of $551.36 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 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 8/18/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.