Nordic American Tankers Limited Company Profile (NYSE:NAT)

About Nordic American Tankers Limited (NYSE:NAT)

Nordic American Tankers Limited logoNordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company's Suezmaxes tankers can carry over one million barrels of oil. The vessels in the Company's fleet are homogenous and interchangeable. The Company's vessels are employed in the spot market. The Company's vessels include Nordic Harrier, Nordic Hawk, Nordic Hunter, Nordic Voyager, Nordic Fighter, Nordic Freedom, Nordic Discovery, Nordic Saturn, Nordic Jupiter, Nordic Moon, Nordic Apollo, Nordic Cosmos, Nordic Sprite, Nordic Mistral, Nordic Passat, Nordic Vega, Nordic Breeze, Nordic Zenith, Nordic Sprinter, Nordic Skier and Nordic Light.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Sea-Borne Tankers
  • Sub-Industry: Oil & Gas Storage & Transportation
  • Symbol: NYSE:NAT
  • CUSIP: G6577310
  • Web: www.nat.bm
Capitalization:
  • Market Cap: $507.81 million
  • Outstanding Shares: 101,969,000
Average Prices:
  • 50 Day Moving Avg: $5.33
  • 200 Day Moving Avg: $6.15
  • 52 Week Range: $4.41 - $9.87
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 83.00
  • P/E Growth: -2.25
Sales & Book Value:
  • Annual Revenue: $313.36 million
  • Price / Sales: 1.62
  • Book Value: $7.96 per share
  • Price / Book: 0.63
Dividend:
  • Annual Dividend: $0.40
  • Dividend Yield: 7.7%
Profitability:
  • EBITDA: $89.71 million
  • Net Margins: 0.06%
  • Return on Equity: 0.25%
  • Return on Assets: 0.16%
Debt:
  • Debt-to-Equity Ratio: 0.52%
  • Current Ratio: 4.69%
  • Quick Ratio: 3.87%
Misc:
  • Average Volume: 981,552 shs.
  • Beta: 1.05
  • Short Ratio: 16.93
 

Frequently Asked Questions for Nordic American Tankers Limited (NYSE:NAT)

What is Nordic American Tankers Limited's stock symbol?

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

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

Nordic American Tankers Limited announced a quarterly dividend on Friday, July 21st. Stockholders of record on Monday, August 14th will be paid a dividend of $0.15 per share on Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.05%. The ex-dividend date of this dividend is Thursday, August 10th. View Nordic American Tankers Limited's Dividend History.

How were Nordic American Tankers Limited's earnings last quarter?

Nordic American Tankers Limited (NYSE:NAT) released its earnings results on Monday, August, 7th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.13) by $0.03. The business had revenue of $39.10 million for the quarter, compared to the consensus estimate of $42.47 million. Nordic American Tankers Limited had a return on equity of 0.25% and a net margin of 0.06%. The firm's revenue was down 29.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 earnings per share. View Nordic American Tankers Limited's Earnings History.

When will Nordic American Tankers Limited make its next earnings announcement?

Nordic American Tankers Limited is scheduled to release their next quarterly earnings announcement on Thursday, November, 9th 2017. View Earnings Estimates for Nordic American Tankers Limited.

Where is Nordic American Tankers Limited's stock going? Where will Nordic American Tankers Limited's stock price be in 2017?

6 brokerages have issued twelve-month price objectives for Nordic American Tankers Limited's stock. Their predictions range from $3.00 to $9.00. On average, they anticipate Nordic American Tankers Limited's stock price to reach $6.10 in the next twelve months. View Analyst Ratings for Nordic American Tankers Limited.

What are analysts saying about Nordic American Tankers Limited stock?

Here are some recent quotes from research analysts about Nordic American Tankers Limited stock:

  • 1. According to Zacks Investment Research, "NORDIC AMERICAN is engaged of acquiring, disposing, owning, leasing, and chartering three double hull Suezmax oil tankers. " (10/10/2017)
  • 2. Maxim Group analysts commented, "We are lowering our rate forecasts and estimates for NAT through 2018." (4/21/2017)

Who are some of Nordic American Tankers Limited's key competitors?

Who are Nordic American Tankers Limited's key executives?

Nordic American Tankers Limited's management team includes the folowing people:

  • Herbjorn Hansson, Chairman of the Board, President, Chief Executive Officer
  • Andreas Ove Ugland, Independent Vice Chairman of the Board
  • Turid M. Sorensen, Chief Financial Officer, Executive Vice President
  • David Gibbons, Director
  • Jim Kelly, Independent Director
  • Jan Erik Langangen, Director
  • Richard H. K. Vietor Ph.D., Director

How do I buy Nordic American Tankers Limited stock?

Shares of Nordic American Tankers Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Nordic American Tankers Limited's stock price today?

One share of Nordic American Tankers Limited stock can currently be purchased for approximately $4.98.


MarketBeat Community Rating for Nordic American Tankers Limited (NYSE NAT)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  134 (Vote Outperform)
Underperform Votes:  303 (Vote Underperform)
Total Votes:  437
MarketBeat's community ratings are surveys of what our community members think about Nordic American Tankers Limited and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Nordic American Tankers Limited (NYSE:NAT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Sell Ratings, 3 Hold Ratings
Consensus Rating:Hold (Score: 1.50)
Consensus Price Target: $6.10 (22.49% upside)
Consensus Price Target History for Nordic American Tankers Limited (NYSE:NAT)
Price Target History for Nordic American Tankers Limited (NYSE:NAT)
Analysts' Ratings History for Nordic American Tankers Limited (NYSE:NAT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/23/2017Maxim GroupReiterated RatingSell -> Sell$4.00 -> $3.00N/AView Rating Details
7/21/2017Evercore ISIDowngradeIn-Line -> Underperform$6.00 -> $5.00HighView Rating Details
7/17/2017Jefferies Group LLCReiterated RatingSell$5.00HighView Rating Details
2/22/2017Credit Suisse GroupReiterated RatingNeutralN/AView Rating Details
2/7/2017Morgan StanleyLower Price TargetEqual Weight$9.00 -> $8.50N/AView Rating Details
11/16/2016Wells Fargo & CompanyInitiated CoverageMarket PerformN/AView Rating Details
10/3/2016Clarkson CapitalDowngradeBuy -> Neutral$15.00 -> $10.00N/AView Rating Details
6/30/2016ABN AmroDowngradeBuy -> SellN/AView Rating Details
5/4/2016Seaport Global SecuritiesDowngradeBuy -> Neutral$16.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Nordic American Tankers Limited (NYSE:NAT)
Earnings by Quarter for Nordic American Tankers Limited (NYSE:NAT)
Earnings History by Quarter for Nordic American Tankers Limited (NYSE NAT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017N/AView Earnings Details
8/7/20176/30/2017($0.13)($0.16)$42.47 million$39.10 millionViewN/AView Earnings Details
5/8/20173/31/2017$0.03($0.01)$55.53 million$55.20 millionViewN/AView Earnings Details
2/6/201712/31/2016$0.01($0.02)$52.49 million$52.54 millionViewListenView Earnings Details
11/10/2016Q316($0.15)($0.08)$39.54 million$45.86 millionViewN/AView Earnings Details
8/8/2016Q2$0.13$0.15$62.73 million$61.65 millionViewN/AView Earnings Details
5/9/2016Q1$0.31$0.33$78.08 million$76.73 millionViewN/AView Earnings Details
2/8/2016Q415$0.46$0.34$86.42 million$77.40 millionViewN/AView Earnings Details
11/11/2015Q315$0.27$0.29$69.92 million$66.67 millionViewN/AView Earnings Details
8/10/2015Q215$0.35$0.35$69.85 million$73.46 millionViewN/AView Earnings Details
5/11/2015Q1$0.27$0.34$73.06 million$69.56 millionViewN/AView Earnings Details
2/9/2015Q4$0.09$0.01$48.58 million$43.07 millionViewN/AView Earnings Details
11/10/2014Q314($0.06)$0.01$34.30 million$40.91 millionViewN/AView Earnings Details
10/30/2014($0.09)$0.12$36.03 million$14.30 millionViewN/AView Earnings Details
8/11/2014Q214($0.17)($0.19)$25.84 million$22.62 millionViewN/AView Earnings Details
5/12/2014Q114$0.15$0.05$45.13 million$45.02 millionViewN/AView Earnings Details
2/10/2014Q413($0.31)($0.31)$20.36 million$20.44 millionViewN/AView Earnings Details
11/11/2013Q313($0.27)($0.29)$22.71 millionViewN/AView Earnings Details
5/13/2013Q1 2013($0.28)($0.43)$28.77 million$17.27 millionViewN/AView Earnings Details
11/15/2012Q312($0.33)($0.44)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Nordic American Tankers Limited (NYSE:NAT)
2017 EPS Consensus Estimate: ($0.45)
2018 EPS Consensus Estimate: $0.42
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.01$0.01$0.01
Q2 20172($0.18)($0.11)($0.15)
Q3 20172($0.33)($0.26)($0.30)
Q4 20172($0.02)($0.01)($0.02)
Q1 20181$0.08$0.08$0.08
Q2 20181$0.09$0.09$0.09
Q3 20181$0.13$0.13$0.13
Q4 20181$0.12$0.12$0.12
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Nordic American Tankers Limited (NYSE:NAT)
Most Recent Dividend:8/31/2017
Annual Dividend:$0.40
Dividend Yield:8.03%
Dividend Growth:28.90% (3 Year Average)
Payout Ratio:2,000.00% (Trailing 12 Months of Earnings)
-86.96% (Based on This Year's Estimates)
666.67% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Nordic American Tankers Limited (NYSE:NAT)

Dividend History by Quarter for Nordic American Tankers Limited (NYSE NAT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/21/2017Quarterly$0.157.27%8/10/20178/14/20178/31/2017
4/20/2017quarterly$0.209.55%5/18/20175/22/20176/8/2017
1/23/2017Quarterly$0.209.21%2/8/20172/10/20172/24/2017
10/17/2016Quarterly$0.2610.6%10/25/201610/27/201611/10/2016
7/28/2016Quarterly$0.258/15/20168/17/20168/31/2016
4/26/2016quarterly$0.4311.52%5/10/20165/12/20165/27/2016
1/14/2016quarterly$0.4312.9%1/25/20161/27/20162/10/2016
10/15/2015quarterly$0.389.73%10/27/201510/29/201511/12/2015
7/16/2015quarterly$0.409.63%7/27/20157/29/20158/12/2015
4/15/2015quarterly$0.3812.03%5/5/20155/7/20155/21/2015
1/9/2015quarterly$0.227.58%1/20/20151/22/20152/9/2015
10/7/2014quarterly$0.147.12%10/20/201410/22/201411/5/2014
7/21/2014quarterly$0.135.09%7/23/20147/25/20148/11/2014
7/11/2014quarterly$0.125.51%7/23/20147/25/20148/12/2014
4/2/2014$0.235/13/20145/15/20145/27/2014
4/2/2014quarterly$0.239.24%5/13/20145/15/20145/25/2014
1/27/2014quarterly$0.124.27%2/18/20142/20/20143/3/2014
10/21/2013$0.1611/26/201311/29/201312/11/2013
10/16/2013quarterly$0.167.59%11/18/201311/20/201312/2/2013
7/9/2013quarterly$0.167.97%7/29/20137/31/20138/13/2013
4/16/2013quarterly$0.167.03%4/26/20134/30/20135/14/2013
1/17/2013quarterly$0.161/30/20132/13/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Nordic American Tankers Limited (NYSE:NAT)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Nordic American Tankers Limited (NYSE:NAT)
Latest Headlines for Nordic American Tankers Limited (NYSE:NAT)
Source:
Loading headlines, please wait.

Social

Chart

Nordic American Tankers Limited (NAT) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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.