Full Answer
Is an insider buying Nordic American tankers stock?
An insider is betting big on this stock. Shares of oil tanker owner Nordic American Tankers ( NAT -1.03% ) jumped by as much as 27.6% in trading on Monday after it was announced that an insider was buying shares. The stock closed the session up 26% at $2.42.
Is Nordic American tankers's P/E ratio good or bad?
The P/E ratio of Nordic American Tankers is -2.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Nordic American Tankers is -2.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Will Nordic American tankers (Nat) outperform or underperform the S&P 500?
MarketBeat's community ratings are surveys of what our community members think about Nordic American Tankers and other stocks. Vote “Outperform” if you believe NAT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe NAT will underperform the S&P 500 over the long term. You may vote once every thirty days.
What companies are related to Nordic American tankers?
Some companies that are related to Nordic American Tankers include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Golar LNG (GLNG), Golden Ocean Group (GOGL), SFL (SFL), Scorpio Tankers (STNG), Teekay Tankers (TNK) and Teekay (TK). View all of NAT's competitors.
Is Nordic American Tankers a good stock?
Zacks' proprietary data indicates that Nordic American Tankers Limited is currently rated as a Zacks Rank 2 and we are expecting an above average return from the NAT shares relative to the market in the next few months.
Will Nordic American tanker stock go back up?
Nordic American Tankers Ltd quote is equal to 1.890 USD at 2022-06-19. Based on our forecasts, a long-term increase is expected, the "NAT" stock price prognosis for 2027-06-11 is 2.373 USD. With a 5-year investment, the revenue is expected to be around +25.55%. Your current $100 investment may be up to $125.55 in 2027.
How many tankers Does Nordic American have?
Company Information. Nordic American Tankers Limited is an international tanker company. The Company's fleet consists of approximately 21 Suezmax crude oil tankers.
Who owns Nordic American tanker?
Alexander Hansson, Board Member of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, the NAT Founder, Chairman and CEO, has today bought 100,000 shares in NAT at $ 1.9841 per share. Following this transaction, Alexander Hansson privately owns 1,635,000 shares in NAT.
Is NAT stock a buy now?
The 7 analysts offering 12-month price forecasts for Nordic American Tanker Ltd have a median target of 2.75, with a high estimate of 5.00 and a low estimate of 1.90. The median estimate represents a +9.56% increase from the last price of 2.51.
How many tankers does Nat own?
NAT today has an active trading fleet of 20 vessels, all employed in the spot market.
Where is Nordic American tankers located?
Hamilton, BermudaNordic American Tankers Limited was incorporated in 1995 and is based in Hamilton, Bermuda.
What does Nordic American tanker do?
Company Information Nordic American Tankers Limited is an international tanker company. The Company's fleet consists of approximately 21 Suezmax crude oil tankers. It operates its vessels either in the spot market or on longer term time charter agreement.
Should I buy or sell Nordic American Tankers stock right now?
3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nordic American Tankers in the last twelve months. There...
What is Nordic American Tankers' stock price forecast for 2022?
3 Wall Street research analysts have issued 12 month price objectives for Nordic American Tankers' stock. Their forecasts range from $2.50 to $5.00...
How has Nordic American Tankers' stock price performed in 2022?
Nordic American Tankers' stock was trading at $1.69 at the beginning of the year. Since then, NAT shares have increased by 23.1% and is now trading...
Are investors shorting Nordic American Tankers?
Nordic American Tankers saw a drop in short interest in May. As of May 31st, there was short interest totaling 11,560,000 shares, a drop of 17.9% f...
When is Nordic American Tankers' next earnings date?
Nordic American Tankers is scheduled to release its next quarterly earnings announcement on Monday, August 29th 2022. View our earnings forecast f...
How were Nordic American Tankers' earnings last quarter?
Nordic American Tankers Limited (NYSE:NAT) announced its quarterly earnings results on Monday, June, 6th. The shipping company reported ($0.14) EPS...
How often does Nordic American Tankers pay dividends? What is the dividend yield for Nordic American Tankers?
Nordic American Tankers declared a quarterly dividend on Wednesday, June 1st. Investors of record on Tuesday, June 14th will be paid a dividend of...
Is Nordic American Tankers a good dividend stock?
Nordic American Tankers(NYSE:NAT) pays an annual dividend of $0.04 per share and currently has a dividend yield of 1.92%. View Nordic American Tan...
Who are Nordic American Tankers' key executives?
Nordic American Tankers' management team includes the following people: Mr. Herbjorn Hansson , Founder, Chairman, Pres & CEO (Age 74) Mr. Bjorn...
How much does Nordic American tankers make?
Nordic American Tankers has a market capitalization of $396.80 million and generates $233.53 million in revenue each year. The shipping company earns $50.03 million in net income (profit) each year or $0.34 on an earnings per share basis.
What is the dividend payout ratio of Nordic American tankers?
Nordic American Tankers does not yet have a strong track record of dividend growth. The dividend payout ratio of Nordic American Tankers is 23.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nordic American Tankers will have a dividend payout ratio of 57.14% next year.
Is Nordic American Tankers a hold?
Wall Street analysts have given Nordic American Tankers a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Nordic American Tankers wasn't one of them.
The company's opportunity to take advantage of a terrible oil market may be more limited than investors had hoped
Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls.
What happened
Shares of oil shipper Nordic American Tankers ( NYSE:NAT) fell nearly 12% by around 10:30 a.m. on May 5 before gaining back some lost ground. By mid-afternoon, the stock was down in the high single-digits.
So what
Nordic American Tankers's fleet of around 20 ships normally ferries oil around the world. However, the global effort to slow the spread of COVID-19, which essentially shuttered economies across the planet, has led to a swift and material drop in demand.
Now what
Nordic American Tankers is not a suitable choice for risk-averse investors. In fact, the current run-rate yield (annualizing the new dividend) of over 9% isn't likely to last for long. If you are a dividend-focused investor, you're probably better off avoiding this shipper.
Rising tanker indexes beget rising tanker stock prices
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
The cost of shipping oil around the world is on the rise this week, and if you think that might be good news for oil tanker stocks, you're right!
So what
Not all "tankers" are created equal, of course. Nordic American focuses its efforts on the transportation of crude oil, while Scorpio transports primarily refined petroleum products, and Teekay does both. The good news for these stocks, though, is that no matter what they transport, the prices they can charge for transportation are going up.
Now what
All three stocks are up much more than 4% or 5% today, of course, and that may seem disproportionate to the gains racked up in the indexes -- especially given the tenuous state of the companies' balance sheets.
