Streetbeat News

NAT

Nordic American Tankers Limited

https://www.nat.bm

Industry

Marine Shipping

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 24 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011. The company was incorporated in 1995 and is based in Hamilton, Bermuda.

Open

3.08

Mkt cap

622M

Volume

1.8M

High

3.10

P/E Ratio

10.28

52-wk high

4.64

Low

2.97

Div yield

0.14

52-wk low

2.95

Nordic American Tankers (NAT) has signed a 5-year time charter contract with a major energy firm, starting in November 2024. The rate is in the mid-high 30's.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:44 am

Analysts have provided their latest ratings on three high-dividend energy stocks: Nordic American Tankers (NAT), DHT Holdings (DHT), and CVR Energy (CVI). NAT was downgraded by Jefferies and had its price target cut by Evercore ISI. DHT received a price target increase from Stifel and an upgrade from Jefferies. CVI had its price target reduced by both JP Morgan and Mizuho.

Portfolio Pulse from Avi Kapoor

October 04, 2024 | 11:53 am

Jefferies analyst Omar Nokta has downgraded Nordic American Tankers (NYSE:NAT) from Buy to Hold, while maintaining the price target at $4.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:01 pm

Evercore ISI Group analyst Jonathan Chappell maintains an In-Line rating on Nordic American Tankers (NYSE:NAT) but lowers the price target from $4.5 to $4.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 12:36 pm

Jefferies analyst Omar Nokta maintains a Buy rating on Nordic American Tankers (NYSE:NAT) but lowers the price target from $5 to $4.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:48 pm

Nordic American Tankers (NYSE:NAT) reported Q2 2024 earnings of $0.10 per share, beating estimates by 25%, and sales of $66.099M, surpassing expectations by 8.25%. However, both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:03 pm

Analysts have provided their ratings on three high-yield energy stocks: Nordic American Tankers, Vitesse Energy, and Chord Energy. Despite high dividend yields, these companies have faced recent challenges, including missed earnings and reduced price targets.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 12:03 pm

Nordic American Tankers Limited (NYSE:NAT) reported disappointing Q1 FY24 results, missing revenue and EPS estimates. The company is expanding its fleet, with several new vessels expected in the coming years. NAT shares dropped 8.75% following the news.

Portfolio Pulse from Lekha Gupta

May 29, 2024 | 4:59 pm

Jefferies analyst Omar Nokta maintains a Buy rating on Nordic American Tankers (NYSE:NAT) but lowers the price target from $5.5 to $5.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:14 pm

Shares of oil and gas companies are trading lower amid a drop in the price of crude.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:00 pm

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