Nordic American Tankers Limited (NAT)
NYSE: NAT · IEX Real-Time Price · USD
3.770
-0.080 (-2.08%)
At close: Apr 18, 2024, 4:00 PM
3.780
+0.010 (0.27%)
Pre-market: Apr 19, 2024, 7:00 AM EDT
Nordic American Tankers Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for NAT stock have an average target of 5.33, with a low estimate of 4.50 and a high estimate of 6.00. The average target predicts an increase of 41.38% from the current stock price of 3.77.
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 29, 2024.
Analyst Ratings
The average analyst rating for NAT stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $5 → $4.5 | Hold | Maintains | $5 → $4.5 | +19.36% | Feb 29, 2024 |
| Jefferies | Jefferies | Strong Buy Reiterates $5.5 | Strong Buy | Reiterates | $5.5 | +45.89% | Feb 29, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $5.5 → $6 | Strong Buy | Maintains | $5.5 → $6 | +59.15% | Aug 29, 2023 |
| Jefferies | Jefferies | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +32.63% | May 22, 2023 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $5 → $5.5 | Strong Buy | Maintains | $5 → $5.5 | +45.89% | Feb 28, 2023 |
Financial Forecast
Revenue This Year
273.62M
from 339.34M
Decreased by -19.37%
Revenue Next Year
331.98M
from 273.62M
Increased by 21.33%
EPS This Year
0.52
from 0.07
Increased by 642.83%
EPS Next Year
0.63
from 0.52
Increased by 20.62%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 288.5M | 440.9M | 461.1M | 313.2M |
| Avg | 273.6M | 332.0M | 347.0M | 301.3M |
| Low | 260.7M | 261.7M | 273.4M | 292.3M |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | -15.0% | 61.1% | 38.9% | -9.8% |
| Avg | -19.4% | 21.3% | 4.5% | -13.2% |
| Low | -23.2% | -4.4% | -17.6% | -15.8% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 0.57 | 0.84 | 1.00 | 0.72 |
| Avg | 0.52 | 0.63 | 0.70 | 0.69 |
| Low | 0.48 | 0.44 | 0.52 | 0.67 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 708.5% | 62.4% | 59.0% | 3.1% |
| Avg | 642.8% | 20.6% | 11.5% | -0.8% |
| Low | 586.0% | -15.2% | -17.2% | -3.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.