Nordic American Tankers Limited (NAT)
| Market Cap | 626.39M |
| Revenue (ttm) | 364.25M |
| Net Income (ttm) | 61.65M |
| Shares Out | 208.80M |
| EPS (ttm) | 0.29 |
| PE Ratio | 10.34 |
| Forward PE | 6.25 |
| Dividend | $0.48 (16.00%) |
| Ex-Dividend Date | Sep 26, 2024 |
| Volume | 1,280,029 |
| Open | 3.030 |
| Previous Close | 3.050 |
| Day's Range | 2.990 - 3.050 |
| 52-Week Range | 2.950 - 4.640 |
| Beta | -0.23 |
| Analysts | Hold |
| Price Target | 3.75 (+25.0%) |
| Earnings Date | Dec 2, 2024 |
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 2023, Nordic American Tankers's revenue was $391.69 million, an increase of 15.43% compared to the previous year's $339.34 million. Earnings were $98.71 million, an increase of 553.67%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for NAT stock is "Hold." The 12-month stock price forecast is $3.75, which is an increase of 25.00% from the latest price.
News
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) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares
Tuesday, October 22, 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,...
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...
Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields - Ardmore Shipping (NYSE:ASC), Kimbell Royalty Partners (NYSE:KRP)
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) – A snapshot of the present market conditions
Thursday, March 7, 2024 Dear Shareholders and Investors, We have recently concluded the following fixtures: Nordic Castor (2004) was fixed to a Far Eastern Major for a voyage from Arabian Gulf to ...
Nordic American Tankers Ltd (NYSE: NAT) – Report as per December 31, 2023 – Dividend is up and solid prospects going forward
Thursday, February 29, 2024 Dear Shareholders and Investors, Highlights: In 2023, the Net Voyage Revenue for Nordic American Tankers Ltd (NAT) totaled $262.2 million. This is a remarkabl...
These 3 Energy Stocks With Over 5% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Nordic American Tankers (NYSE:NAT), Kinetik Holdings (NYSE:KNTK)
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) – Founder, Chairman & CEO outlines the international reach of the NAT operations
Thursday, February 15, 2024 Dear Shareholders and Investors, We have just published an article on our web page www.nat.bm under the heading "In the News". Please visit our web page www.nat.bm.
Nordic American Tankers: Suezmax Pure Play For Income-Minded Investors
Nordic American Tankers: Suezmax Pure Play For Income-Minded Investors
J Mintzmyer On Red Sea Disruptions And 2 Key Shipping Segments
J Mintzmyer discusses the shipping sector, disruptions in the Red Sea, and investment opportunities. Tankers and containerships are the most impacted sectors, with rates surging and potential for a mu...
These seven tanker stocks are set for upside amid Red Sea disruption, says Evercore
A number of tanker stocks are well positioned to benefit from the fallout from the disruption to Red Sea shipping caused by the Houthi attacks on cargo ships, according to Evercore ISI.
Nordic American Tankers - Prime Beneficiary Of Red Sea Chaos - Buy
While Nordic American Tankers reported seasonally weaker Q3 results, the company is expected to have finished 2023 on a high note. Q1 results could be even stronger with the addition of another Suezma...
Diverting ships around Africa will impact China to U.S. shipping times: Nordic American Tankers CEO
Herbjorn Hansson, Nordic American Tankers CEO, joins 'Closing Bell Overtime' to discuss rising risks in the Red Sea for shipping.