Nordic American Tankers (NAT) Stock Forecast, Price Target & Predictions
NAT Stock Forecast
Nordic American Tankers stock forecast is as follows: an average price target of $4.75 (represents a 28.73% upside from NAT’s last price of $3.69) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
NAT Price Target
The average price target for Nordic American Tankers (NAT) is $4.75 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $5.50 to $4.00. This represents a potential 28.73% upside from NAT's last price of $3.69.
NAT Analyst Ratings
According to 2 Wall Street analysts, Nordic American Tankers's rating consensus is 'Buy'. The analyst rating breakdown for NAT stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Nordic American Tankers Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 30, 2024 | Jonathan Chappell | Evercore ISI | $4.00 | $3.65 | 9.59% | 8.40% |
| Mar 25, 2024 | Omar Nokta | Jefferies | $5.50 | $3.93 | 39.95% | 49.05% |
| Jun 06, 2023 | Omar Nokta | Jefferies | $5.00 | $3.57 | 40.24% | 35.50% |
The latest Nordic American Tankers stock forecast, released on Aug 30, 2024 by Jonathan Chappell from Evercore ISI, set a price target of $4.00, which represents a 9.59% increase from the stock price at the time of the forecast ($3.65), and a 8.40% increase from NAT last price ($3.69).
Nordic American Tankers Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 2 |
| Avg Price Target | $4.00 | $4.00 | $4.75 |
| Last Closing Price | $3.69 | $3.69 | $3.69 |
| Upside/Downside | 8.40% | 8.40% | 28.73% |
In the current month, the average price target of Nordic American Tankers stock is $4.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 8.40% increase as opposed to Nordic American Tankers's last price of $3.69. This month's average price target is down 0.00% compared to last quarter, and down -15.79% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 12, 2024 | Jefferies | Buy | Hold | Downgrade |
| Aug 23, 2024 | Jefferies | Buy | Buy | Hold |
| May 29, 2024 | Jefferies | Buy | Buy | Hold |
| Mar 25, 2024 | Jefferies | Buy | Buy | Hold |
| Feb 28, 2024 | B. Riley Securities | Buy | Buy | Hold |
| Dec 08, 2023 | B. Riley Securities | Buy | Buy | Hold |
| Aug 29, 2023 | B. Riley Securities | Buy | Buy | Hold |
| Jun 06, 2023 | Jefferies | Buy | Buy | Hold |
| Apr 25, 2023 | B. Riley Securities | Buy | Buy | Hold |
| Sep 06, 2022 | Jefferies | - | Buy | Upgrade |
Nordic American Tankers's last stock rating was published by Jefferies on Sep 12, 2024. The company Downgrade its NAT rating from "Buy" to "Hold".
Nordic American Tankers Financial Forecast
Nordic American Tankers Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $87.09M | $110.21M | $47.38M | $34.75M | $15.52M | $22.63M | $9.31M | $16.75M | $48.00M | $43.84M | $56.04M |
| Avg Forecast | $111.99M | $110.79M | $109.60M | $108.43M | $75.18M | $75.18M | $74.36M | $73.55M | $75.18M | $75.18M | $64.10M | $79.15M | $81.79M | $59.07M | $65.99M | $63.22M | $67.65M | $47.47M | $67.20M | $82.58M | $78.42M | $48.74M | $32.73M | $21.13M | $26.43M | $15.99M | $19.56M | $19.08M | $22.39M | $39.66M |
| High Forecast | $140.89M | $139.38M | $137.89M | $136.41M | $94.59M | $94.59M | $93.56M | $92.53M | $94.59M | $94.59M | $80.64M | $99.58M | $102.90M | $59.14M | $83.03M | $79.54M | $69.97M | $59.73M | $84.54M | $103.89M | $98.66M | $61.32M | $32.73M | $21.13M | $26.43M | $15.99M | $19.56M | $19.08M | $22.39M | $39.66M |
| Low Forecast | $92.70M | $91.70M | $90.72M | $89.75M | $62.23M | $62.23M | $61.55M | $60.88M | $62.23M | $62.23M | $53.06M | $65.52M | $67.70M | $59.02M | $54.63M | $52.33M | $65.33M | $39.30M | $55.62M | $68.35M | $64.91M | $40.34M | $32.73M | $21.13M | $26.43M | $15.99M | $19.56M | $19.08M | $22.39M | $39.66M |
| # Analysts | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 2 | - | - | - | - | 1 | 3 | 2 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 4 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.41% | 0.97% | 1.06% | 0.73% | 0.86% | 0.58% | 0.86% | 2.52% | 1.96% | 1.41% |
Nordic American Tankers's average Quarter revenue forecast for Jun 23 based on 1 analysts is $67.20M, with a low forecast of $55.62M, and a high forecast of $84.54M. NAT's average Quarter revenue forecast represents a -22.84% decrease compared to the company's last Quarter revenue of $87.09M (Mar 23).
Nordic American Tankers EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 2 | - | - | - | - | 1 | 3 | 2 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 4 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $54.95M | $38.42M | $16.11M | $1.55M | $-19.63M | $-14.38M | $-29.86M | $-22.05M | $-18.35M | $-22.14M | $-1.80M |
| Avg Forecast | $15.17M | $15.00M | $14.84M | $14.68M | $10.18M | $10.18M | $10.07M | $9.96M | $10.18M | $10.18M | $8.68M | $10.72M | $11.08M | $8.00M | $8.94M | $-25.86M | $9.16M | $6.43M | $9.10M | $-23.51M | $10.62M | $-31.47M | $4.43M | $-21.37M | $3.58M | $2.17M | $2.65M | $-19.43M | $3.03M | $5.37M |
| High Forecast | $19.08M | $18.88M | $18.67M | $18.47M | $12.81M | $12.81M | $12.67M | $12.53M | $12.81M | $12.81M | $10.92M | $13.49M | $13.94M | $8.01M | $11.24M | $-20.69M | $9.48M | $8.09M | $11.45M | $-18.81M | $13.36M | $-25.17M | $4.43M | $-17.10M | $3.58M | $2.17M | $2.65M | $-15.55M | $3.03M | $5.37M |
| Low Forecast | $12.55M | $12.42M | $12.29M | $12.16M | $8.43M | $8.43M | $8.34M | $8.24M | $8.43M | $8.43M | $7.19M | $8.87M | $9.17M | $7.99M | $7.40M | $-31.04M | $8.85M | $5.32M | $7.53M | $-28.21M | $8.79M | $-37.76M | $4.43M | $-25.65M | $3.58M | $2.17M | $2.65M | $-23.32M | $3.03M | $5.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2.34% | 3.62% | -0.51% | 0.35% | 0.92% | -4.02% | -13.79% | -8.32% | 0.94% | -7.30% | -0.34% |
1 analysts predict NAT's average Quarter EBITDA for Jun 23 to be $9.10M, with a high of $11.45M and a low of $7.53M. This is -83.44% lower than Nordic American Tankers's previous annual EBITDA (Mar 23) of $54.95M.
Nordic American Tankers Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 2 | - | - | - | - | 1 | 3 | 2 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 4 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $46.91M | $36.03M | $10.01M | $-4.19M | $-26.97M | $-73.09M | $-44.76M | $-28.97M | $-25.00M | $-28.48M | $-10.09M |
| Avg Forecast | $29.84M | $29.50M | $28.61M | $27.73M | $28.77M | $28.44M | $27.14M | $27.14M | $37.58M | $26.10M | $25.06M | $33.21M | $36.23M | $15.20M | $21.17M | $-35.27M | $25.82M | $7.39M | $28.12M | $-32.07M | $40.69M | $-36.73M | $-7.10M | $-29.15M | $-24.28M | $-36.88M | $-35.60M | $-26.50M | $-35.11M | $-5.65M |
| High Forecast | $39.85M | $39.40M | $38.20M | $37.03M | $38.42M | $37.98M | $36.25M | $36.25M | $50.19M | $34.86M | $33.46M | $44.35M | $48.39M | $20.30M | $28.27M | $-28.22M | $27.67M | $9.87M | $37.56M | $-25.65M | $54.35M | $-29.38M | $-7.10M | $-23.32M | $-24.28M | $-36.88M | $-35.60M | $-21.20M | $-35.11M | $-5.65M |
| Low Forecast | $23.16M | $22.90M | $22.20M | $21.52M | $22.33M | $22.07M | $21.07M | $21.07M | $29.17M | $20.25M | $19.44M | $25.77M | $28.12M | $12.67M | $16.43M | $-42.33M | $22.13M | $5.74M | $21.82M | $-38.48M | $31.58M | $-44.07M | $-7.10M | $-34.98M | $-24.28M | $-36.88M | $-35.60M | $-31.80M | $-35.11M | $-5.65M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.46% | 0.89% | -0.27% | 0.59% | 0.93% | 3.01% | 1.21% | 0.81% | 0.94% | 0.81% | 1.79% |
Nordic American Tankers's average Quarter net income forecast for Jun 23 is $28.12M, with a range of $21.82M to $37.56M. NAT's average Quarter net income forecast represents a -40.06% decrease compared to the company's last Quarter net income of $46.91M (Mar 23).
Nordic American Tankers SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 2 | - | - | - | - | 1 | 3 | 2 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 4 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.74M | $5.09M | $4.28M | $3.73M | $5.62M | $4.36M | $4.10M | $3.50M | $3.66M | $4.89M | $4.08M |
| Avg Forecast | $7.05M | $6.97M | $6.90M | $6.82M | $4.73M | $4.73M | $4.68M | $4.63M | $4.73M | $4.73M | $4.03M | $4.98M | $5.15M | $3.72M | $4.15M | $5.16M | $4.26M | $2.99M | $4.23M | $4.69M | $4.93M | $3.37M | $2.06M | $4.27M | $1.66M | $1.01M | $1.23M | $3.88M | $1.41M | $2.50M |
| High Forecast | $8.86M | $8.77M | $8.68M | $8.58M | $5.95M | $5.95M | $5.89M | $5.82M | $5.95M | $5.95M | $5.07M | $6.27M | $6.47M | $3.72M | $5.22M | $6.20M | $4.40M | $3.76M | $5.32M | $5.63M | $6.21M | $4.04M | $2.06M | $5.12M | $1.66M | $1.01M | $1.23M | $4.66M | $1.41M | $2.50M |
| Low Forecast | $5.83M | $5.77M | $5.71M | $5.65M | $3.92M | $3.92M | $3.87M | $3.83M | $3.92M | $3.92M | $3.34M | $4.12M | $4.26M | $3.71M | $3.44M | $4.13M | $4.11M | $2.47M | $3.50M | $3.76M | $4.08M | $2.69M | $2.06M | $3.41M | $1.66M | $1.01M | $1.23M | $3.10M | $1.41M | $2.50M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | 1.03% | 1.27% | 1.81% | 1.32% | 2.62% | 4.07% | 2.85% | 0.94% | 3.47% | 1.63% |
Nordic American Tankers's average Quarter SG&A projection for Jun 23 is $4.23M, based on 1 Wall Street analysts, with a range of $3.50M to $5.32M. The forecast indicates a -26.34% fall compared to NAT last annual SG&A of $5.74M (Mar 23).
Nordic American Tankers EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 2 | - | - | - | - | 1 | 3 | 2 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 1 | 4 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.22 | $0.17 | $0.05 | $-0.02 | $-0.14 | $-0.41 | $-0.27 | $-0.19 | $-0.16 | $-0.19 | $-0.07 |
| Avg Forecast | $0.14 | $0.14 | $0.14 | $0.13 | $0.14 | $0.14 | $0.13 | $0.13 | $0.18 | $0.13 | $0.12 | $0.16 | $0.17 | $0.07 | $0.10 | $0.10 | $0.12 | $0.04 | $0.13 | $0.21 | $0.19 | $0.06 | $-0.03 | $-0.12 | $-0.12 | $-0.18 | $-0.17 | $-0.17 | $-0.17 | $-0.03 |
| High Forecast | $0.19 | $0.19 | $0.18 | $0.18 | $0.18 | $0.18 | $0.17 | $0.17 | $0.24 | $0.17 | $0.16 | $0.21 | $0.23 | $0.10 | $0.14 | $0.13 | $0.13 | $0.05 | $0.18 | $0.28 | $0.26 | $0.07 | $-0.03 | $-0.12 | $-0.12 | $-0.18 | $-0.17 | $-0.17 | $-0.17 | $-0.03 |
| Low Forecast | $0.11 | $0.11 | $0.11 | $0.10 | $0.11 | $0.11 | $0.10 | $0.10 | $0.14 | $0.10 | $0.09 | $0.12 | $0.13 | $0.06 | $0.08 | $0.08 | $0.11 | $0.03 | $0.10 | $0.16 | $0.15 | $0.04 | $-0.03 | $-0.12 | $-0.12 | $-0.18 | $-0.17 | $-0.17 | $-0.17 | $-0.03 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 0.87% | 0.90% | 0.62% | 1.21% | 3.53% | 1.53% | 1.11% | 0.93% | 1.13% | 2.49% |
According to 1 Wall Street analysts, Nordic American Tankers's projected average Quarter EPS for Jun 23 is $0.13, with a low estimate of $0.10 and a high estimate of $0.18. This represents a -38.78% decrease compared to NAT previous annual EPS of $0.22 (Mar 23).
Nordic American Tankers Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GOGL | Golden Ocean Group | $11.93 | $16.75 | 40.40% | Hold |
| DAC | Danaos | $79.90 | $105.00 | 31.41% | Buy |
| SBLK | Star Bulk Carriers | $21.08 | $27.33 | 29.65% | Buy |
| NAT | Nordic American Tankers | $3.69 | $4.75 | 28.73% | Buy |
| DSX | Diana Shipping | $2.37 | $3.00 | 26.58% | Hold |
| GSL | Global Ship Lease | $24.23 | $29.00 | 19.69% | Buy |
| GNK | Genco Shipping & Trading | $17.48 | $20.67 | 18.25% | Buy |
| CMRE | Costamare | $13.78 | $14.50 | 5.22% | Buy |
NAT Forecast FAQ
Is Nordic American Tankers a good buy?
Yes, according to 2 Wall Street analysts, Nordic American Tankers (NAT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% of NAT's total ratings.
What is NAT's price target?
Nordic American Tankers (NAT) average price target is $4.75 with a range of $4 to $5.5, implying a 28.73% from its last price of $3.69. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Nordic American Tankers stock go up soon?
According to Wall Street analysts' prediction for NAT stock, the company can go up by 28.73% (from the last price of $3.69 to the average price target of $4.75), up by 49.05% based on the highest stock price target, and up by 8.40% based on the lowest stock price target.
Can Nordic American Tankers stock reach $6?
NAT's average twelve months analyst stock price target of $4.75 does not support the claim that Nordic American Tankers can reach $6 in the near future.
What is Nordic American Tankers's current price target trend?
1 Wall Street analyst forecast a $4 price target for Nordic American Tankers (NAT) this month, up 8.40% from its last price of $3.69. Compared to the last 3 and 12 months, the average price target increased by 8.40% and increased by 28.73%, respectively.
What are Nordic American Tankers's analysts' financial forecasts?
Nordic American Tankers's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $298.28M (high $375.26M, low $246.89M), average EBITDA is $40.4M (high $50.82M, low $33.44M), average net income is $111.5M (high $148.91M, low $86.53M), average SG&A $18.77M (high $23.61M, low $15.53M), and average EPS is $0.534 (high $0.713, low $0.414). NAT's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $440.8M (high $554.57M, low $364.87M), average EBITDA is $59.7M (high $75.11M, low $49.42M), average net income is $115.67M (high $154.49M, low $89.77M), average SG&A $27.73M (high $34.89M, low $22.96M), and average EPS is $0.554 (high $0.74, low $0.43).
Did the NAT's actual financial results beat the analysts' financial forecasts?
Based on Nordic American Tankers's last annual report (Dec 2022), the company's revenue was $339.34M, beating the average analysts forecast of $181.02M by 87.46%. Apple's EBITDA was $36.46M, missing the average prediction of $-37.786M by -196.50%. The company's net income was $15.1M, missing the average estimation of $-32.279M by -146.78%. Apple's SG&A was $18.8M, beating the average forecast of $14.63M by 28.50%. Lastly, the company's EPS was $0.0929, missing the average prediction of $0.101 by -8.32%. In terms of the last quarterly report (Mar 2023), Nordic American Tankers's revenue was $87.09M, beating the average analysts' forecast of $82.58M by 5.47%. The company's EBITDA was $54.94M, missing the average prediction of $-23.512M by -333.69%. Nordic American Tankers's net income was $46.91M, missing the average estimation of $-32.068M by -246.29%. The company's SG&A was $5.74M, beating the average forecast of $4.69M by 22.28%. Lastly, the company's EPS was $0.22, beating the average prediction of $0.207 by 6.22%