Nordic American Tankers (NAT) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart

NAT Stock Forecast

Nordic American Tankers stock forecast is as follows: an average price target of $4.00 (represents a 31.15% upside from NAT’s last price of $3.05) 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 $4.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $4.00 to $4.00. This represents a potential 31.15% upside from NAT's last price of $3.05.

NAT Analyst Ratings

Buy

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
Oct 04, 2024	Omar Nokta	Jefferies	$4.00	$3.82	4.77%	31.15%
Aug 30, 2024	Jonathan Chappell	Evercore ISI	$4.00	$3.65	9.59%	31.15%
Mar 25, 2024	Omar Nokta	Jefferies	$5.50	$3.93	39.95%	80.33%
Jun 06, 2023	Omar Nokta	Jefferies	$5.00	$3.57	40.24%	63.93%

Row per page

Go to

The latest Nordic American Tankers stock forecast, released on Oct 04, 2024 by Omar Nokta from Jefferies, set a price target of $4.00, which represents a 4.77% increase from the stock price at the time of the forecast ($3.82), and a 31.15% increase from NAT last price ($3.05).

Nordic American Tankers Price Target by Period

	1M	3M	12M
# Anlaysts	-	2	3
Avg Price Target	-	$4.00	$4.50
Last Closing Price	$3.05	$3.05	$3.05
Upside/Downside	-100.00%	31.15%	47.54%

In the current month, the average price target of Nordic American Tankers stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Nordic American Tankers's last price of $3.05. This month's average price target is down -100.00% compared to last quarter, and down -100.00% 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

Row per page

Go to

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	$154.44M	$149.48M	$144.68M	$140.04M	$75.18M	$75.18M	$74.36M	$73.55M	$75.18M	$75.18M	$64.10M	$70.30M	$73.18M	$58.39M	$66.50M	$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	$154.44M	$149.48M	$144.68M	$140.04M	$75.18M	$75.18M	$74.36M	$73.55M	$75.18M	$75.18M	$64.10M	$70.30M	$73.18M	$58.46M	$68.56M	$63.22M	$69.97M	$48.54M	$67.20M	$82.58M	$78.42M	$48.74M	$32.73M	$21.13M	$26.43M	$15.99M	$19.56M	$19.08M	$22.39M	$39.66M
Low Forecast	$154.44M	$149.48M	$144.68M	$140.04M	$75.18M	$75.18M	$74.36M	$73.55M	$75.18M	$75.18M	$64.10M	$70.30M	$73.18M	$58.34M	$64.44M	$63.22M	$65.33M	$46.41M	$67.20M	$82.58M	$78.42M	$48.74M	$32.73M	$21.13M	$26.43M	$15.99M	$19.56M	$19.08M	$22.39M	$39.66M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	2	1	1	1	1	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 $67.20M, and a high forecast of $67.20M. 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	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	2	1	1	1	1	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	$41.15M	$39.83M	$38.55M	$37.32M	$20.03M	$20.03M	$19.82M	$19.60M	$20.03M	$20.03M	$17.08M	$18.73M	$19.50M	$15.56M	$17.72M	$-25.86M	$18.03M	$12.65M	$17.91M	$-23.51M	$-15.82M	$6.60M	$4.43M	$-21.37M	$3.58M	$2.17M	$2.65M	$-19.43M	$3.03M	$5.37M
High Forecast	$41.15M	$39.83M	$38.55M	$37.32M	$20.03M	$20.03M	$19.82M	$19.60M	$20.03M	$20.03M	$17.08M	$18.73M	$19.50M	$15.58M	$18.27M	$-20.69M	$18.65M	$12.93M	$17.91M	$-18.81M	$-12.66M	$6.60M	$4.43M	$-17.10M	$3.58M	$2.17M	$2.65M	$-15.55M	$3.03M	$5.37M
Low Forecast	$41.15M	$39.83M	$38.55M	$37.32M	$20.03M	$20.03M	$19.82M	$19.60M	$20.03M	$20.03M	$17.08M	$18.73M	$19.50M	$15.55M	$17.17M	$-31.04M	$17.41M	$12.37M	$17.91M	$-28.21M	$-18.99M	$6.60M	$4.43M	$-25.65M	$3.58M	$2.17M	$2.65M	$-23.32M	$3.03M	$5.37M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2.34%	-2.43%	2.44%	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 $17.91M, with a high of $17.91M and a low of $17.91M. This is -67.41% 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	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	2	1	1	1	1	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	$28.95M	$28.63M	$27.77M	$26.92M	$27.99M	$27.69M	$27.14M	$25.06M	$33.41M	$21.92M	$23.66M	$25.75M	$17.75M	$12.53M	$21.40M	$-35.27M	$25.82M	$7.39M	$28.12M	$-32.07M	$-23.15M	$11.66M	$-7.10M	$-29.15M	$-24.28M	$-36.88M	$-35.60M	$-26.50M	$-35.11M	$-5.65M
High Forecast	$28.95M	$28.63M	$27.77M	$26.92M	$27.99M	$27.69M	$27.14M	$25.06M	$33.41M	$21.92M	$23.66M	$25.75M	$17.75M	$12.53M	$21.40M	$-28.22M	$27.67M	$7.39M	$28.12M	$-25.65M	$-18.52M	$11.66M	$-7.10M	$-23.32M	$-24.28M	$-36.88M	$-35.60M	$-21.20M	$-35.11M	$-5.65M
Low Forecast	$28.95M	$28.63M	$27.77M	$26.92M	$27.99M	$27.69M	$27.14M	$25.06M	$33.41M	$21.92M	$23.66M	$25.75M	$17.75M	$10.44M	$21.40M	$-42.33M	$22.13M	$7.39M	$28.12M	$-38.48M	$-27.78M	$11.66M	$-7.10M	$-34.98M	$-24.28M	$-36.88M	$-35.60M	$-31.80M	$-35.11M	$-5.65M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.46%	-1.56%	0.86%	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 $28.12M to $28.12M. 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	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	2	1	1	1	1	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	$8.83M	$8.54M	$8.27M	$8.00M	$4.30M	$4.30M	$4.25M	$4.20M	$4.30M	$4.30M	$3.66M	$4.02M	$4.18M	$3.34M	$3.80M	$5.16M	$3.87M	$2.71M	$3.84M	$4.69M	$4.79M	$3.07M	$2.06M	$4.27M	$1.66M	$1.01M	$1.23M	$3.88M	$1.41M	$2.50M
High Forecast	$8.83M	$8.54M	$8.27M	$8.00M	$4.30M	$4.30M	$4.25M	$4.20M	$4.30M	$4.30M	$3.66M	$4.02M	$4.18M	$3.34M	$3.92M	$6.20M	$4.00M	$2.77M	$3.84M	$5.63M	$5.75M	$3.07M	$2.06M	$5.12M	$1.66M	$1.01M	$1.23M	$4.66M	$1.41M	$2.50M
Low Forecast	$8.83M	$8.54M	$8.27M	$8.00M	$4.30M	$4.30M	$4.25M	$4.20M	$4.30M	$4.30M	$3.66M	$4.02M	$4.18M	$3.33M	$3.68M	$4.13M	$3.73M	$2.65M	$3.84M	$3.76M	$3.83M	$3.07M	$2.06M	$3.41M	$1.66M	$1.01M	$1.23M	$3.10M	$1.41M	$2.50M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.22%	1.06%	1.40%	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 $3.84M, based on 1 Wall Street analysts, with a range of $3.84M to $3.84M. The forecast indicates a -33.10% 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	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	2	1	1	1	1	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	$0.13	$0.13	$0.13	$0.13	$0.13	$0.12	$0.16	$0.10	$0.11	$0.12	$0.09	$0.06	$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	$0.14	$0.14	$0.13	$0.13	$0.13	$0.13	$0.13	$0.12	$0.16	$0.10	$0.11	$0.12	$0.09	$0.06	$0.10	$0.10	$0.13	$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
Low Forecast	$0.14	$0.14	$0.13	$0.13	$0.13	$0.13	$0.13	$0.12	$0.16	$0.10	$0.11	$0.12	$0.09	$0.05	$0.10	$0.10	$0.11	$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
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 $0.13 and a high estimate of $0.13. 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
DSX	Diana Shipping	$2.17	$3.00	38.25%	Hold
NAT	Nordic American Tankers	$3.05	$4.00	31.15%	Buy
GSL	Global Ship Lease	$23.60	$29.00	22.88%	Buy
DAC	Danaos	$86.33	$105.00	21.63%	Buy
GNK	Genco Shipping & Trading	$17.20	$19.67	14.36%	Buy
SBLK	Star Bulk Carriers	$20.03	$22.58	12.73%	Buy
CMRE	Costamare	$14.50	$14.50	-	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 with a range of $4 to $4, implying a 31.15% from its last price of $3.05. 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 31.15% (from the last price of $3.05 to the average price target of $4), up by 31.15% based on the highest stock price target, and up by 31.15% based on the lowest stock price target.

Can Nordic American Tankers stock reach $5?

NAT's average twelve months analyst stock price target of $4 does not support the claim that Nordic American Tankers can reach $5 in the near future.

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 $298.28M, low $298.28M), average EBITDA is $79.48M (high $79.48M, low $79.48M), average net income is $107.88M (high $107.88M, low $107.88M), average SG&A $17.04M (high $17.04M, low $17.04M), and average EPS is $0.517 (high $0.517, low $0.517). NAT's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $588.64M (high $588.64M, low $588.64M), average EBITDA is $156.86M (high $156.86M, low $156.86M), average net income is $112.27M (high $112.27M, low $112.27M), average SG&A $33.64M (high $33.64M, low $33.64M), and average EPS is $0.538 (high $0.538, low $0.538).

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 $-26.162M by -239.38%. The company's net income was $15.1M, missing the average estimation of $-47.734M by -131.64%. Apple's SG&A was $18.8M, beating the average forecast of $14.18M by 32.52%. 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%