Nordic American Tankers (NAT) Stock Price, News & Analysis

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NAT shares.
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3 Wall Street research analysts have issued 1-year price objectives for Nordic American Tankers' shares. Their NAT share price targets range from $4.50 to $6.00. On average, they anticipate the company's stock price to reach $5.33 in the next year. This suggests a possible upside of 41.7% from the stock's current price.
View analysts price targets for NAT or view top-rated stocks among Wall Street analysts.

Nordic American Tankers' stock was trading at $4.20 on January 1st, 2024. Since then, NAT shares have decreased by 10.4% and is now trading at $3.7650.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 27th 2024.
View our NAT earnings forecast.

Nordic American Tankers Limited (NYSE:NAT) issued its quarterly earnings data on Friday, March, 1st. The shipping company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by $0.06. The shipping company earned $59.25 million during the quarter, compared to the consensus estimate of $68.90 million. Nordic American Tankers had a net margin of 37.65% and a trailing twelve-month return on equity of 18.12%. During the same period in the prior year, the firm posted $0.17 earnings per share.

Nordic American Tankers announced a quarterly dividend on Thursday, February 29th. Investors of record on Wednesday, March 20th will be paid a dividend of $0.12 per share on Wednesday, April 10th. This represents a $0.48 annualized dividend and a dividend yield of 12.75%. The ex-dividend date is Tuesday, March 19th. This is an increase from the stock's previous quarterly dividend of $0.06.
Read our dividend analysis for NAT.

Nordic American Tankers (NYSE:NAT) pays an annual dividend of $0.48 per share and currently has a dividend yield of 12.53%. NAT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 102.13%. 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 80.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NAT.

ETFs with the largest weight of Nordic American Tankers (NYSE:NAT) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ).SonicShares Global Shipping ETF (BOAT).

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' stock is owned by many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.93%), Kingswood Wealth Advisors LLC (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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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