How to buy Nordic American Tankers stock

Nordic American Tankers Limited is a marine shipping business based in the US. Nordic American Tankers shares (NAT) are listed on the NYSE and all prices are listed in US Dollars.

Nordic American Tankers share price

Use our graph to track the performance of NAT stocks over time.

Nordic American Tankers shares at a glance

• Key figures

Information last updated 2021-03-10.

52-week range	$2.10 - $8.23
50-day moving average	$3.16
200-day moving average	$3.34
Wall St. target price	$4.96
PE ratio	10.3824
Dividend yield	$0.45 (14.15%)
Earnings per share (TTM)	$0.34

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Is it a good time to buy Nordic American Tankers stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Nordic American Tankers Limited by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Nordic American Tankers under- or over-valued?

Valuing Nordic American Tankers stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Nordic American Tankers's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Nordic American Tankers's P/E ratio

Nordic American Tankers's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, Nordic American Tankers shares trade at around 10x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Nordic American Tankers's EBITDA

Nordic American Tankers's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $149.1 million.

The EBITDA is a measure of a Nordic American Tankers's overall financial performance and is widely used to measure a its profitability.

Nordic American Tankers financials

Revenue TTM	$233.5 million
Operating margin TTM	34.78%
Gross profit TTM	$166.6 million
Return on assets TTM	5.06%
Return on equity TTM	8.38%
Profit margin	21.43%
Book value	$3.97
Market capitalisation	$533.8 million

TTM: trailing 12 months

Shorting Nordic American Tankers shares

There are currently 6.9 million Nordic American Tankers shares held short by investors – that's known as Nordic American Tankers's "short interest". This figure is 15.4% down from 8.2 million last month.

There are a few different ways that this level of interest in shorting Nordic American Tankers shares can be evaluated.

Nordic American Tankers's "short interest ratio" (SIR)

Nordic American Tankers's "short interest ratio" (SIR) is the quantity of Nordic American Tankers shares currently shorted divided by the average quantity of Nordic American Tankers shares traded daily (recently around 4.5 million). Nordic American Tankers's SIR currently stands at 1.53. In other words for every 100,000 Nordic American Tankers shares traded daily on the market, roughly 1530 shares are currently held short.

However Nordic American Tankers's short interest can also be evaluated against the total number of Nordic American Tankers shares, or, against the total number of tradable Nordic American Tankers shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Nordic American Tankers's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 Nordic American Tankers shares in existence, roughly 50 shares are currently held short) or 0.0472% of the tradable shares (for every 100,000 tradable Nordic American Tankers shares, roughly 47 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Nordic American Tankers.

Find out more about how you can short Nordic American Tankers stock.

Nordic American Tankers share dividends

Dividend payout ratio: 117.65% of net profits

Recently Nordic American Tankers has paid out, on average, around 117.65% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 12.58% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Nordic American Tankers shareholders could enjoy a 12.58% return on their shares, in the form of dividend payments. In Nordic American Tankers's case, that would currently equate to about $0.45 per share.

Nordic American Tankers's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Nordic American Tankers's most recent dividend payout was on 30 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 10 March 2021 (the "ex-dividend date").

Have Nordic American Tankers's shares ever split?

Nordic American Tankers's shares were split on a 1008:1000 basis on 9 August 2017. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1008 shares. This wouldn't directly have changed the overall worth of your Nordic American Tankers shares – just the quantity. However, indirectly, the new 0.8% lower share price could have impacted the market appetite for Nordic American Tankers shares which in turn could have impacted Nordic American Tankers's share price.

Nordic American Tankers share price volatility

Over the last 12 months, Nordic American Tankers's shares have ranged in value from as little as $2.1021 up to $8.2259. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Nordic American Tankers's is 0.5891. This would suggest that Nordic American Tankers's shares are less volatile than average (for this exchange).

Nordic American Tankers overview

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 23 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. Nordic American Tankers Limited was founded in 1995 and is based in Hamilton, Bermuda. .

Frequently asked questions

• What percentage of Nordic American Tankers is owned by insiders or institutions?

  Currently 2.911% of Nordic American Tankers shares are held by insiders and 30.503% by institutions.

• When does the fiscal year end for Nordic American Tankers?

  Nordic American Tankers's fiscal year ends in December.

• Where is Nordic American Tankers based?

  Nordic American Tankers's address is: LOM Building, Hamilton, Bermuda, HM 11

• What is Nordic American Tankers's ISIN number?

  Nordic American Tankers's international securities identification number is: BMG657731060

• What is Nordic American Tankers's CUSIP number?

  Nordic American Tankers's Committee on Uniform Securities Identification Procedures number is: G65773106