Nordic American Tankers Ltd (NYSE:NAT) has a beta value of -0.20 and has seen 1.24 million shares traded in the recent trading session. The company, currently valued at $573.84M, closed the recent trade at $2.71 per share which meant it gained $0.07 on the day or 2.65% during that session. The NAT stock price is -56.09% off its 52-week high price of $4.23 and 21.4% above the 52-week low of $2.13. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.18 million shares traded. The 3-month trading volume is 2.62 million shares.
The consensus among analysts is that Nordic American Tankers Ltd (NAT) is Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.05.
Nordic American Tankers Ltd (NYSE:NAT) trade information
Sporting 2.65% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NAT stock price touched $2.71 or saw a rise of 5.9%. Year-to-date, Nordic American Tankers Ltd shares have moved -33.25%, while the 5-day performance has seen it change -5.24%. Over the past 30 days, the shares of Nordic American Tankers Ltd (NYSE:NAT) have changed 1.50%. Short interest in the company has seen 13.71 million shares shorted with days to cover at 5.8.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 32.25% from the levels at last check today.. The projected low price target is $4.0 while the price target rests at a high of $4.0. In that case, then, we find that the latest price level in today’s session is -47.6% off the targeted high while a plunge would see the stock gain -47.6% from the levels at last check today..
Nordic American Tankers Ltd (NAT) estimates and forecasts
The company’s shares have gained 9.72% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -3.48%.
3 analysts offering their estimates for the company have set an average revenue estimate of 58.36M for the current quarter. 3 have an estimated revenue figure of 54.44M for the next ending quarter. Year-ago sales stood 66.1M and 52.04M respectively for this quarter and the next, and analysts expect sales will shrink by -11.70% for the current quarter and -3.48% for the next.
Earnings growth for 2025 is a modest 32.48% while over the next 5 years, the company’s earnings are expected to increase by 23.48%.
NAT Dividends
Nordic American Tankers Ltd is expected to release its next earnings report on 2025-Jun-04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.29 at a share yield of 10.70%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 8.99%.
Nordic American Tankers Ltd (NYSE:NAT)’s Major holders
Insiders own 4.34% of the company shares, while shares held by institutions stand at 40.57% with a share float percentage of 42.41%. Investors are also buoyed by the number of investors in a company, with Nordic American Tankers Ltd having a total of 257.0 institutions that hold shares in the company. The top two institutional holders are DIMENSIONAL FUND ADVISORS LP with over 11.61 million shares worth more than $46.2 million. As of 2024-06-30, DIMENSIONAL FUND ADVISORS LP held 5.5587% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 11.58 million shares as of 2024-06-30. The firm’s total holdings are worth over $46.08 million and represent 5.5455% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Trust-iShares Russell 2000 ETF and GLOBAL X FUNDS-Global X SuperDividend ETF . As of Apr 30, 2025 , the former fund manager holds about 2.36% shares in the company for having 5.0 shares of worth $13.57 million while later fund manager owns 3.02 shares of worth $8.19 million as of May 31, 2025 , which makes it owner of about 1.42% of company’s outstanding stock.
