Nordic American Tankers - NAT Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NAT shares.
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4 Wall Street research analysts have issued 12-month price targets for Nordic American Tankers' shares. Their NAT stock forecasts range from $2.75 to $5.00. On average, they anticipate the company's stock price to reach $3.58 in the next year. This suggests a possible upside of 35.2% from the stock's current price.
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Nordic American Tankers' stock was trading at $1.69 at the start of the year. Since then, NAT stock has increased by 56.8% and is now trading at $2.65.
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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 trading volume of 7,050,000 shares, the days-to-cover ratio is currently 2.0 days.
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Nordic American Tankers is scheduled to release its next quarterly earnings announcement on Monday, August 29th 2022.
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Nordic American Tankers Limited (NYSE:NAT) released its quarterly earnings data on Tuesday, May, 31st. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by $0.03. The shipping company earned $15.52 million during the quarter, compared to analyst estimates of $21.84 million. Nordic American Tankers had a negative net margin of 189.05% and a negative trailing twelve-month return on equity of 21.52%. During the same quarter in the prior year, the firm earned ($0.16) earnings per share.

Nordic American Tankers announced a quarterly dividend on Wednesday, June 1st. Stockholders of record on Tuesday, June 14th will be given a dividend of $0.02 per share on Wednesday, July 6th. This represents a $0.08 dividend on an annualized basis and a yield of 3.02%. 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.
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Nordic American Tankers (NYSE:NAT) pays an annual dividend of $0.08 per share and currently has a dividend yield of 3.15%.
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 many different retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.70%), Connor Clark & Lunn Investment Management Ltd. (0.35%), WealthTrust Axiom LLC (0.23%), SG Americas Securities LLC (0.03%), Smith Salley & Associates (0.02%) and Pettinga Financial Advisors LLC (0.01%).

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 $2.65.

Nordic American Tankers (NYSE:NAT) has a market capitalization of $512.67 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.

Nordic American Tankers employs 20 workers across the globe.

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.