NYSE:NAT - Nordic American Tanker Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$2.05 -0.08 (-3.76 %)
(As of 03/24/2019 04:00 PM ET)
Previous Close$2.05
Today's Range$2.02 - $2.10
52-Week Range$1.81 - $3.47
Volume1.45 million shs
Average Volume1.36 million shs
Market Capitalization$291.04 million
P/E Ratio-3.36
Dividend Yield7.80%
Beta0.58
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 33 Suezmax crude oil tankers. The company was founded in 1995 and is based in Hamilton, Bermuda.

Receive NAT News and Ratings via Email

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

Industry, Sector and Symbol

Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
CUSIPG6577310
Phone441-292-7202

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$124 million
Cash Flow$0.2014 per share
Book Value$5.01 per share

Profitability

Net Income$-95,310,000.00

Miscellaneous

EmployeesN/A
Market Cap$291.04 million
Next Earnings Date5/15/2019 (Estimated)
OptionableOptionable

Nordic American Tanker (NYSE:NAT) Frequently Asked Questions

What is Nordic American Tanker's stock symbol?

Nordic American Tanker trades on the New York Stock Exchange (NYSE) under the ticker symbol "NAT."

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

Nordic American Tanker announced a quarterly dividend on Tuesday, February 19th. Stockholders of record on Friday, March 1st will be given a dividend of $0.04 per share on Friday, March 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date is Thursday, February 28th. View Nordic American Tanker's Dividend History.

How were Nordic American Tanker's earnings last quarter?

Nordic American Tanker Ltd (NYSE:NAT) issued its earnings results on Tuesday, February, 19th. The shipping company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by $0.04. The shipping company had revenue of $44.19 million for the quarter, compared to the consensus estimate of $48.97 million. Nordic American Tanker had a negative net margin of 76.09% and a negative return on equity of 10.80%. View Nordic American Tanker's Earnings History.

When is Nordic American Tanker's next earnings date?

Nordic American Tanker is scheduled to release their next quarterly earnings announcement on Wednesday, May 15th 2019. View Earnings Estimates for Nordic American Tanker.

What price target have analysts set for NAT?

4 brokerages have issued 12 month target prices for Nordic American Tanker's shares. Their predictions range from $1.00 to $4.25. On average, they expect Nordic American Tanker's stock price to reach $2.6875 in the next twelve months. This suggests a possible upside of 31.1% from the stock's current price. View Analyst Price Targets for Nordic American Tanker.

What is the consensus analysts' recommendation for Nordic American Tanker?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tanker in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Nordic American Tanker.

What are Wall Street analysts saying about Nordic American Tanker stock?

Here are some recent quotes from research analysts about Nordic American Tanker stock:
  • 1. According to Zacks Investment Research, "NORDIC AMERICAN is engaged of acquiring, disposing, owning, leasing, and chartering three double hull Suezmax oil tankers. " (1/15/2019)
  • 2. Maxim Group analysts commented, "Nordic American Tankers (NAT) reported 2Q18 results with revenue and EBITDA that were below consensus. Although the company reported the fifth consecutive quarter of losses, a $0.02 cash dividend was declared. Results for the quarter remained below cash breakeven levels, with the reported fleet-wide TCE rate of $10,500 per vessel/day trailing the global average of $12,700 per vessel/day. Introducing our 2019E NAV analysis of $0.98 ($1.27 prior) and maintaining our Sell rating and $1 price target." (8/14/2018)

Has Nordic American Tanker been receiving favorable news coverage?

Media headlines about NAT stock have been trending neutral on Sunday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Nordic American Tanker earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave media coverage about the shipping company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the company's share price in the immediate future.

Who are some of Nordic American Tanker's key competitors?

What other stocks do shareholders of Nordic American Tanker own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nordic American Tanker investors own include Energy Transfer LP Unit (ET), Opko Health (OPK), Ford Motor (F), General Electric (GE), AT&T (T), Bank of America (BAC), Nordic American Offshore (NAO), Blackstone Group (BX), Penn Virginia (PVAHQ) and Ship Finance International (SFL).

Who are Nordic American Tanker's key executives?

Nordic American Tanker's management team includes the folowing people:
  • Mr. Herbjørn Hansson, Founder, Chairman, Pres & CEO (Age 71)
  • Mr. Bjørn Giaever, Exec. VP & CFO (Age 52)
  • Mr. Jan H. A. Møller, Head of Investor Relations and Financial Mang. (Age 34)
  • Erik Tomstad, Exec. VP of Chartering
  • Mr. Jan Erik Langangen, Advisor & Director (Age 69)

Who are Nordic American Tanker's major shareholders?

Nordic American Tanker's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.23%), Greylin Investment Mangement Inc. (1.30%), Northern Trust Corp (0.93%), Bank of America Corp DE (0.91%), City Financial Investment Co Ltd (0.89%) and WealthTrust Axiom LLC (0.69%).

Which institutional investors are selling Nordic American Tanker stock?

NAT stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Smith Moore & CO., New York State Common Retirement Fund, Dimensional Fund Advisors LP and Dimensional Fund Advisors LP.

Which institutional investors are buying Nordic American Tanker stock?

NAT stock was bought by a variety of institutional investors in the last quarter, including City Financial Investment Co Ltd, BlackRock Inc., Raymond James Financial Services Advisors Inc., Greylin Investment Mangement Inc., Advisory Services Network LLC, Millennium Management LLC, Geode Capital Management LLC and Geode Capital Management LLC.

How do I buy shares of Nordic American Tanker?

Shares of NAT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Nordic American Tanker's stock price today?

One share of NAT stock can currently be purchased for approximately $2.05.

How big of a company is Nordic American Tanker?

Nordic American Tanker has a market capitalization of $291.04 million and generates $124 million in revenue each year. The shipping company earns $-95,310,000.00 in net income (profit) each year or ($0.61) on an earnings per share basis.

What is Nordic American Tanker's official website?

The official website for Nordic American Tanker is http://www.nat.bm.

How can I contact Nordic American Tanker?

Nordic American Tanker's mailing address is LOM BUILDING 27 REID STREET, HAMILTON D0, HM 11. The shipping company can be reached via phone at 441-292-7202 or via email at [email protected]


MarketBeat Community Rating for Nordic American Tanker (NYSE NAT)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  246 (Vote Outperform)
Underperform Votes:  479 (Vote Underperform)
Total Votes:  725
MarketBeat's community ratings are surveys of what our community members think about Nordic American Tanker and other stocks. Vote "Outperform" if you believe NAT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NAT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/24/2019 by MarketBeat.com Staff

Featured Article: Cost of Debt

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel