Nordic American Tankers Limited (NAT)
| Market Cap | 523.02M |
| Revenue (ttm) | 225.10M |
| Net Income (ttm) | 46.64M |
| Shares Out | 211.75M |
| EPS (ttm) | 0.22 |
| PE Ratio | 10.90 |
| Forward PE | 12.79 |
| Dividend | $0.34 (13.77%) |
| Ex-Dividend Date | Mar 10, 2025 |
| Volume | 2,422,097 |
| Open | 2.420 |
| Previous Close | 2.430 |
| Day's Range | 2.400 - 2.475 |
| 52-Week Range | 2.390 - 4.400 |
| Beta | -0.35 |
| Analysts | Hold |
| Price Target | 3.50 (+41.7%) |
| Earnings Date | Feb 28, 2025 |
About NAT
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. [Read more]
Financial Performance
In 2024, Nordic American Tankers's revenue was $225.10 million, a decrease of -42.53% compared to the previous year's $391.69 million. Earnings were $46.64 million, a decrease of -52.75%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for NAT stock is "Hold." The 12-month stock price forecast is $3.5, which is an increase of 41.70% from the latest price.
News
Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares
Tuesday, March 4, 2025 Dear Shareholders and Investors, Non-Executive Vice Chairman of NAT, Alexander Hansson, has today bought 100,000 shares at $2.45 per share. He is now holding 4,100,000 shares.
Nordic American Tankers Ltd (NYSE: NAT) – Report as per December 31, 2024 – The direction is upwards. Dividend payments continue and are 6 cents this quarter
Friday, February 28, 2025 Dear Shareholders and Investors, Ninety day periods offer a short-term snapshot of a company, but it is more instructive to look at the bigger, longer-term picture. The dir...
Nordic American Tankers: Q4 Preview And 2025 Outlook
Nordic American Tankers' stock has declined by 26% since my last report, trending inline with weaker tanker rates. At current tanker rates, analyst estimates are likely too optimistic for 2025. Using ...
Nordic American Tankers Ltd (NYSE: NAT) –
REPEAT Wednesday, February 5, 2025 Dear Shareholders and Investors, A major project for 2025 is to renew and grow our fleet. We plan to buy two or three ships and to sell two or three.
Nordic American Tankers Ltd (NYSE: NAT) – An active period going forward
Wednesday, February 5, 2025 Dear Shareholders and Investors, A major project for 2025 is to renew and grow our fleet. We plan to buy two or three ships and to sell two or three.
Nordic American Tankers Ltd (NYSE: NAT) – An active period involving several transactions
Wednesday, January 22, 2025 Dear Shareholders and Investors, In the recent past, NAT has carried through several transactions, reflecting a very active period. NAT has declared the purchase option f...
Nordic American Tankers Ltd (NYSE: NAT) – Founder, Chairman & CEO buys more shares in NAT
Thursday, December 12, 2024 Dear Shareholders and Investors, This is to inform you that I personally and a company owned and guaranteed by me have today bought 100,000 shares in NAT at the price o...
Nordic American Tankers Ltd (NYSE: NAT) – Founder, Chairman & CEO buys more share in NAT
Wednesday, December 4, 2024 Dear Shareholders and Investors, This is to inform you that I personally and a company owned and guaranteed by me have today bought 194,341 shares in NAT at the price of ...
Nordic American Tankers: Weak Results And Mediocre Near-Term Prospects - Hold
Nordic American Tankers reported weaker-than-expected Q3/2024 results and cut the quarterly dividend by 67% to $0.04 per share. While seasonal weakness impacted the company's average daily time charte...
Nordic American Tankers Ltd (NYSE: NAT) – Report as per September 30, 2024 – Prospects for our Suezmax tankers are good
Friday, November 29, 2024 Dear Shareholders and Investors, Highlights: The international profile of NAT is reflected in the fact that during the last five years our ships have loaded & discharged...
Nordic American Tankers Ltd (NYSE: NAT) – Announces Results of its 2024 Annual General Meeting of Shareholders
Monday, November 25, 2024 Dear Shareholders and Investors, Nordic American Tankers Limited (NYSE:NAT) conducted its Annual General Meeting of Shareholders (the “Meeting”) Thursday, November 21, 2024 i...
Nordic American Tankers Ltd (NYSE: NAT) – Result from US presidential election has no impact on NAT
Repeat Monday, November 4, 2024 Dear Shareholders and Investors, We would note that we don't expect there will be a noticeable immediate impact on Nordic American Tankers irrespective of who is th...
Nordic American Tankers Ltd (NYSE: NAT) – Long term contract with a major energy company
Tuesday, October 15, 2024 Dear Shareholders and Investors, NYSE listed Nordic American Tankers Ltd (NAT) is pleased to announce a five-year time charter contract with a major international energy ...
Nordic American Tankers Ltd (NYSE: NAT) – 2024 Annual General Meeting of Shareholders (AGM)
Monday, September 23, 2024 Dear Shareholders and Investors, Please be informed that the date of the Annual General Meeting (AGM) in Nordic American Tankers Limited (NAT) has been set to November 2...
Nordic American Tankers Ltd (NYSE: NAT) – Shareholder/Investor conference Thursday September 12, 2024
Wednesday, September 11, 2024 Dear Shareholders and Investors, On September 2nd, 2024, we advised Shareholders and Investors that a Conference call would take place Thursday, September 12th. Confere...
Nordic American Tankers: A 12.9% Dividend Yield And Strong Fundamentals
Initiating coverage on Nordic American Tankers with a “Buy” rating, expecting 15-20% total returns over the next 12 to 15 months. NAT's strong financial flexibility and healthy credit metrics support ...
Nordic American Tankers Q2: Good Quarter But Little Reason For Excitement, Hold
Suezmax tanker pure play Nordic American Tankers Limited reported Q2/2024 results ahead of consensus expectations and declared an unchanged quarterly cash dividend of $0.12 per common share. While res...
Nordic American Tankers Ltd (NYSE: NAT) – Investor Conference September 12, 2024
Monday, September 2, 2024 Dear Shareholders and Investors, Thursday September 12, 2024, we will host an Investor Conference Call with the main objective of providing an update on Nordic American Tanke...
Nordic American Tankers Ltd (NYSE: NAT) – Report as per June 30, 2024 – A dividend company with good prospects
Thursday, August 29, 2024 Dear Shareholders and Investors, Highlights: Ninety day periods offer a short-term snapshot of a company. However, it is more important to view the long-term picture.
Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 7% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Nordic American Tankers Ltd (NYSE: NAT) – Fall on some stock exchanges
Monday, August 5, 2024 Dear Shareholders and Investors, Over the last few days there has been a fall on the stock exchanges in several countries. This is to reiterate that Nordic American Tankers ...
Nordic American Tankers Ltd (NYSE: NAT) – Report as per March 31, 2024 – Dividend is a top priority.
Wednesday, May 29, 2024 Dear Shareholders and Investors, Highlights: Ninety day periods offer a short-term snapshot of a company, but it is also important to view the long-term picture. The val...
Nordic American Tankers Ltd (NYSE: NAT) – 1Q 2024 Earnings Report
Tuesday, May 14, 2024 Dear Shareholders and Investors, Please be advised that our 1Q 2024 Earnings Report is scheduled for release Wednesday May 29, 2024 before NYSE opening. Sincerely, Herbjorn...
Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT shares
Thursday, April 4, 2024 Dear Shareholders and Investors, Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, Founder, Chairman & CEO, h...
Nordic American Tankers: Bet On A Strong Suezmax Market For Dividend Seekers
The crude tanker market remains strong due to limited supply and growing tonne-mile demand for crude oil transportation. FY23 NAT realized $262 million net voyage revenue, $127 million net operating i...