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

Company Overview

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 20 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.

Key Stats

• Today's Range: $2.97 to $3.10
• 50-Day Range: $2.98 to $3.82
• 52-Week Range: $2.95 to $4.64
• Volume: 1.81 million shs
• Average Volume: 2.65 million shs
• Market Capitalization: $622.22 million
• P/E Ratio: 10.28
• Dividend Yield: 16.11%
• Price Target: $3.75
• Consensus Rating: Hold

Nordic American Tankers Stock Analysis - MarketRank™

Nordic American Tankers scored higher than 68% of companies evaluated by MarketBeat, and ranked 67th out of 128 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Nordic American Tankers has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Nordic American Tankers has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 78.57%

Earnings Growth

Earnings for Nordic American Tankers are expected to grow by 78.57% in the coming year, from $0.28 to $0.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nordic American Tankers is 10.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.61.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nordic American Tankers is 10.28, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 14.24.

Price to Book Value per Share Ratio

Nordic American Tankers has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.43% of the outstanding shares of Nordic American Tankers have been sold short.

Short Interest Ratio / Days to Cover

Nordic American Tankers has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in Nordic American Tankers has recently increased by 33.14%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Nordic American Tankers is a leading dividend payer. It pays a dividend yield of 16.11%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Nordic American Tankers does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Nordic American Tankers is 165.52%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Nordic American Tankers will have a dividend payout ratio of 96.00% in the coming year. This indicates that Nordic American Tankers may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.43% of the outstanding shares of Nordic American Tankers have been sold short.

Short Interest Ratio / Days to Cover

Nordic American Tankers has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in Nordic American Tankers has recently increased by 33.14%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: -0.69

News Sentiment

Nordic American Tankers has a news sentiment score of -0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Nordic American Tankers this week, compared to 3 articles on an average week.

Search Interest

Only 19 people have searched for NAT on MarketBeat in the last 30 days. This is a decrease of -39% compared to the previous 30 days.

MarketBeat Follows

7 people have added Nordic American Tankers to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Nordic American Tankers insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.85% of the stock of Nordic American Tankers is held by insiders.

Percentage Held by Institutions

44.29% of the stock of Nordic American Tankers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NAT Stock Analysis - Frequently Asked Questions

How have NAT shares performed this year?

Nordic American Tankers' stock was trading at $4.20 at the beginning of the year. Since then, NAT shares have decreased by 29.0% and is now trading at $2.98.
View the best growth stocks for 2024 here.

How were Nordic American Tankers' earnings last quarter?

Nordic American Tankers Limited (NYSE:NAT) announced its quarterly earnings results on Tuesday, September, 3rd. The shipping company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. The shipping company had revenue of $66.10 million for the quarter, compared to analysts' expectations of $54.34 million. Nordic American Tankers had a trailing twelve-month return on equity of 11.60% and a net margin of 26.35%.

Who are Nordic American Tankers' major shareholders?

Top institutional investors of Nordic American Tankers include State Street Corp (1.96%), Two Sigma Advisers LP (1.81%), Allspring Global Investments Holdings LLC (1.57%) and Geode Capital Management LLC (1.18%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nordic American Tankers own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nordic American Tankers investors own include Scilex (SCLX), Rigetti Computing (RGTI), Pfizer (PFE), Energy Transfer (ET), Meta Platforms (META), NVIDIA (NVDA) and Precigen (PGEN).

Company Calendar

• Last Earnings: 9/03/2024
• Ex-Dividend for 11/26 Dividend: 9/26/2024
• Today: 11/16/2024
• Dividend Payable: 11/26/2024
• Next Earnings (Estimated): 12/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Water transportation
• Sub-Industry: Oil & Gas Storage & Transportation
• Current Symbol: NYSE:NAT
• CUSIP: G6577310
• CIK: 1000177
• Web: www.nat.bm
• Phone: (441) 292-7202
• Fax: 441-292-5962
• Employees: 17
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.75
• High Stock Price Target: $4.00
• Low Stock Price Target: $3.50
• Potential Upside/Downside: +25.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.29
• Trailing P/E Ratio: 10.28
• Forward P/E Ratio: 9.31
• P/E Growth: N/A
• Net Income: $98.71 million
• Net Margins: 26.35%
• Pretax Margin: 26.40%
• Return on Equity: 11.60%
• Return on Assets: 7.15%

Debt

• Debt-to-Equity Ratio: 0.36
• Current Ratio: 0.79
• Quick Ratio: 0.63

Sales & Book Value

• Annual Sales: $262.18 million
• Price / Sales: 2.37
• Cash Flow: $0.70 per share
• Price / Cash Flow: 4.24
• Book Value: $2.58 per share
• Price / Book: 1.16

Miscellaneous

• Outstanding Shares: 208,800,000
• Free Float: 202,845,000
• Market Cap: $622.22 million
• Optionable: Optionable
• Beta: -0.21