Nordic American Tanker (NAT)

• Market cap: $516M
• 1 day: 1.23%
• 5 days: -1.98%
• 1 month: -16.27%
• 3 months: -32.70%
• 6 months: -39.76%
• Year to date: -42.42%
• 1 year: -43.35%
• 5 years: -49.39%
• 10 years: -75.83%

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

196% more call options, than puts

Call options by funds: $9.4M | Put options by funds: $3.17M

16% more repeat investments, than reductions

Existing positions increased: 67 | Existing positions reduced: 58

3% less funds holding

Funds holding: 198 [Q2] → 193 (-5) [Q3]

6.06% less ownership

Funds ownership: 45.76% [Q2] → 39.7% (-6.06%) [Q3]

15% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 34

20% less capital invested

Capital invested by funds: $381M [Q2] → $305M (-$76M) [Q3]

Research analyst outlook

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

• Low target: $3.50 42% upside
• Avg. target: $3.50 42% upside
• High target: $3.50 42% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Jefferies Omar Nokta 14% 1-year accuracy 8 / 57 met price target

42% upside $3.50

Hold Maintained

29 Nov 2024