What should you know before buying stock in Nordic American Tankers Limited (NAT)

Nordic American Tankers Limited (NYSE: NAT) is 12.20% higher on its value in year-to-date trading and has touched a low of $2.30 and a high of $9.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NAT stock was last observed hovering at around $3.34 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $3.20 for the next 12 months. It is also 44.83% off the consensus price target high of $6.00 offered by 7 analysts, but current levels are -65.5% lower than the price target low of $2.00 for the same period.

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Currently trading at $3.31, the stock is 4.38% and 5.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.53 million and changing -0.90% at the moment leaves the stock -12.93% off its SMA200. NAT registered 1.22% gain for a year compared to 6-month loss of -22.66%. The firm has a 50-day simple moving average (SMA 50) of $3.1027 and a 200-day simple moving average (SMA200) of $3.4438.

The stock witnessed a 14.93% gain in the last 1 month and extending the period to 3 months gives it a 7.47%, and is -10.05% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.07% over the week and 5.84% over the month.

Nordic American Tankers Limited (NAT) has around 20 employees, a market worth around $493.52M and $406.20M in sales. Current P/E ratio is 5.35. Profit margin for the company is 22.50%. Distance from 52-week low is 43.91% and -63.22% from its 52-week high. The company has generated returns on investments over the last 12 months (3.20%).

Nordic American Tankers Limited (NAT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Nordic American Tankers Limited (NAT) is a “Hold”. 7 analysts offering their recommendations for the stock have an average rating of 2.80, where 2 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Nordic American Tankers Limited is expected to release its quarterly report on 05/18/2021 and quarterly earnings per share for the current quarter are estimated at -$0.16 with sales reaching $27.12M over the same period.The EPS is expected to grow by 89.20% this year, but quarterly earnings will post 36.80% year-over-year. Quarterly sales are estimated to shrink -53.90% in year-over-year returns.

Nordic American Tankers Limited (NAT) Top Institutional Holders

198 institutions hold shares in Nordic American Tankers Limited (NAT), with 4.4M shares held by insiders accounting for 2.91% while institutional investors hold 31.42% of the company’s shares. The shares outstanding are 149.80M, and float is at 146.08M with Short Float at 5.61%. Institutions hold 30.50% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 8.72 million shares valued at $25.73 million. The investor’s holdings represent 5.92% of the NAT Shares outstanding. As of Sep 29, 2020, the second largest holder is Morgan Stanley with 5.0 million shares valued at $17.46 million to account for 3.40% of the shares outstanding. The other top investors are Wells Fargo & Company which holds 4.0 million shares representing 2.72% and valued at over $11.8 million, while Greylin Investment Management Inc. holds 1.91% of the shares totaling 2.82 million with a market value of $8.31 million.

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Nordic American Tankers Limited (NAT): Who are the competitors?

The company’s main competitors (and peers) include Teekay LNG Partners L.P. (TGP) that is trading 7.05% up over the past 12 months. Frontline Ltd. (FRO) is -12.18% down on the 1-year trading charts. Short interest in the company’s stock has fallen -2.44% from the last report on Dec 30, 2020 to stand at a total of 8.39 million short shares sold with a short interest ratio of 2.35.

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