Nordic American Tanker
NAT

$3.77

1.89%

Market Cap: $787M

About: Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.

Employees: 17

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

63% more call options, than puts

Call options by funds: $12.4M | Put options by funds: $7.63M

46% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 52

12% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 26

2% more funds holding

Funds holding: 194 [Q1] → 197 (+3) [Q2]

4% less capital invested

Capital invested by funds: $371M [Q1] → $355M (-$16.4M) [Q2]

63.43% less ownership

Funds ownership: 106.07% [Q1] → 42.65% (-63.43%) [Q2]

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Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$4

6%

upside

Avg. target

$4

6%

upside

High target

$4

6%

upside

3 analyst ratings

1 positive

33%

2 neutral

67%

0 negative

0%

Jefferies Omar Nokta 42% 1-year accuracy 18 / 43 met price target	6%upside $4	Hold Downgraded	12 Sept 2024
Evercore ISI Group Jonathan Chappell 70% 1-year accuracy 16 / 23 met price target	6%upside $4	In-Line Maintained	30 Aug 2024
Jefferies Omar Nokta 42% 1-year accuracy 18 / 43 met price target	6%upside $4	Buy Maintained	29 Aug 2024

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Financial journalist opinion

Based on 7 articles about NAT published over the past 30 days

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. Conference Call timing: Date: Thursday September 12, 2024 Time: 8 AM US Eastern Standard Time (EST) / 2 PM Central European Time (CET) Webcast URL: To join via webcast click on the link below and follow the instructions: https://edge.media-server.com/mmc/p/ntj8raco Dial-In numbers: Dial in to the Conference using one of the numbers below, closest to your location.

Nordic American Tankers Ltd (NYSE: NAT) – Shareholder/Investor conference Thursday September 12, 2024

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 its robust 12.9% dividend yield, making it an attractive investment despite recent stock declines. The company's high day rates and low operating costs ensure steady earnings, with industry trends indicating sustained demand and limited supply growth through 2026.

Nordic American Tankers: A 12.9% Dividend Yield And Strong Fundamentals

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 results came in ahead of expectations, NAT's average daily time charter equivalent ("TCE") rate underperformed peers by a wide margin again. With charter rates under pressure in recent weeks, investors might have to prepare for a sequential dividend cut.

Nordic American Tankers Q2: Good Quarter But Little Reason For Excitement, Hold

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 Tankers Ltd, including prospects going forward. Time: 8 AM US Eastern Standard Time (EST) / 2 PM Central European Time (CET) Dial-in details to be provided later.

Nordic American Tankers Ltd (NYSE: NAT) – Investor Conference September 12, 2024

Zacks Investment Research

Nordic American Tankers (NAT) Q2 Earnings and Revenues Surpass Estimates

Nordic American Tankers (NAT) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.13 per share a year ago.

Nordic American Tankers (NAT) Q2 Earnings and Revenues Surpass Estimates

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.

Nordic American Tankers Ltd (NYSE: NAT) – Report as per June 30, 2024 – A dividend company with good prospects

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 dividend payout.

Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 7% Dividend Yields

3 Under-$10 Dividend Stocks With Buy Ratings That Wall Street Loves

I've always been enthusiastic about the power of dividend stocks to generate wealth over time. You might be surprised to learn that some of the most promising opportunities come with price tags under $10 per share.

3 Under-$10 Dividend Stocks With Buy Ratings That Wall Street Loves

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 Limited is in a solid position for further growth and prosperity.

Nordic American Tankers Ltd (NYSE: NAT) – Fall on some stock exchanges

Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares

Tuesday, July 30, 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, has today bought 100,000 shares in NAT at $3.6241 per share. Following these transactions, Monaco based Alexander Hansson privately owns 3,100,000 shares in NAT.

Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares

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