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


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NAT Stock Forecast


Nordic American Tankers stock forecast is as follows: an average price target of $4.00 (represents a 61.94% upside from NAT’s last price of $2.47) 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 61.94% upside from NAT's last price of $2.47.

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 04, 2024Omar NoktaJefferies$4.00$3.824.77%61.94%
Aug 30, 2024Jonathan ChappellEvercore ISI$4.00$3.659.59%61.94%
Mar 25, 2024Omar NoktaJefferies$5.50$3.9339.95%122.67%
Jun 06, 2023Omar NoktaJefferies$5.00$3.5740.24%102.43%

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 61.94% increase from NAT last price ($2.47).

Nordic American Tankers Price Target by Period


1M3M12M
# Anlaysts-13
Avg Price Target-$4.00$4.50
Last Closing Price$2.47$2.47$2.47
Upside/Downside-100.00%61.94%82.19%

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 $2.47. 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


DateCompanyPrevious RatingNew RatingRating Change
Sep 12, 2024JefferiesBuyHoldDowngrade
Aug 23, 2024JefferiesBuyBuyHold
May 29, 2024JefferiesBuyBuyHold
Mar 25, 2024JefferiesBuyBuyHold
Feb 28, 2024B. Riley SecuritiesBuyBuyHold
Dec 08, 2023B. Riley SecuritiesBuyBuyHold
Aug 29, 2023B. Riley SecuritiesBuyBuyHold
Jun 06, 2023JefferiesBuyBuyHold
Apr 25, 2023B. Riley SecuritiesBuyBuyHold
Sep 06, 2022JefferiesBuyUpgrade

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 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$79.53M$76.97M$74.50M$72.11M$75.18M$75.18M$74.36M$73.55M$75.18M$75.18M$64.10M$70.30M$53.09M$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$84.06M$81.36M$78.75M$76.22M$79.47M$79.47M$78.60M$77.74M$79.47M$79.47M$67.75M$74.31M$56.17M$61.72M$68.56M$63.22M$69.97M$48.54M$71.03M$87.29M$82.89M$48.74M$32.73M$21.13M$26.43M$15.99M$19.56M$19.08M$22.39M$39.66M
Low Forecast$72.77M$70.44M$68.17M$65.99M$68.80M$68.80M$68.05M$67.30M$68.80M$68.80M$58.66M$64.33M$50.00M$53.43M$64.44M$63.22M$65.33M$46.41M$61.49M$75.57M$71.76M$48.74M$32.73M$21.13M$26.43M$15.99M$19.56M$19.08M$22.39M$39.66M
# Analysts111111111111211121111111111147
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 $61.49M, and a high forecast of $71.03M. 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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111111211121111111111147
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$21.13M$20.46M$19.80M$19.16M$19.98M$19.98M$19.76M$19.54M$19.98M$19.98M$17.03M$18.68M$14.11M$15.52M$17.67M$-25.86M$17.98M$12.62M$17.86M$-23.51M$-15.82M$6.60M$4.43M$-21.37M$3.58M$2.17M$2.65M$-19.43M$3.03M$5.37M
High Forecast$22.34M$21.62M$20.93M$20.26M$21.12M$21.12M$20.89M$20.66M$21.12M$21.12M$18.01M$19.75M$14.93M$16.40M$18.22M$-20.69M$18.59M$12.90M$18.88M$-18.81M$-12.66M$6.60M$4.43M$-17.10M$3.58M$2.17M$2.65M$-15.55M$3.03M$5.37M
Low Forecast$19.34M$18.72M$18.12M$17.54M$18.28M$18.28M$18.08M$17.88M$18.28M$18.28M$15.59M$17.09M$13.29M$14.20M$17.12M$-31.04M$17.36M$12.33M$16.34M$-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 $17.86M, with a high of $18.88M and a low of $16.34M. This is -67.50% lower than Nordic American Tankers's previous annual EBITDA (Mar 23) of $54.95M.

Nordic American Tankers Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111111211121111111111147
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$28.98M$28.61M$27.71M$26.79M$27.81M$27.48M$26.60M$25.70M$33.39M$21.50M$25.03M$24.43M$9.05M$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$31.13M$30.72M$29.76M$28.77M$29.87M$29.51M$28.57M$27.61M$35.86M$23.09M$26.89M$26.24M$9.72M$13.46M$22.99M$-28.22M$27.67M$7.94M$30.20M$-25.65M$-18.52M$11.66M$-7.10M$-23.32M$-24.28M$-36.88M$-35.60M$-21.20M$-35.11M$-5.65M
Low Forecast$25.78M$25.45M$24.65M$23.83M$24.74M$24.44M$23.66M$22.87M$29.70M$19.12M$22.27M$21.73M$6.79M$11.14M$19.04M$-42.33M$22.13M$6.57M$25.02M$-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 $25.02M to $30.20M. 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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111111211121111111111147
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$4.54M$4.40M$4.26M$4.12M$4.30M$4.30M$4.25M$4.20M$4.30M$4.30M$3.66M$4.02M$3.03M$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$4.80M$4.65M$4.50M$4.36M$4.54M$4.54M$4.49M$4.44M$4.54M$4.54M$3.87M$4.25M$3.21M$3.53M$3.92M$6.20M$4.00M$2.77M$4.06M$5.63M$5.75M$3.07M$2.06M$5.12M$1.66M$1.01M$1.23M$4.66M$1.41M$2.50M
Low Forecast$4.16M$4.02M$3.90M$3.77M$3.93M$3.93M$3.89M$3.85M$3.93M$3.93M$3.35M$3.68M$2.86M$3.05M$3.68M$4.13M$3.73M$2.65M$3.51M$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 $3.51M to $4.06M. 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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111111211121111111111147
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$0.12$0.12$0.04$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$0.15$0.15$0.14$0.14$0.14$0.14$0.14$0.13$0.17$0.11$0.13$0.13$0.05$0.06$0.11$0.10$0.13$0.04$0.14$0.22$0.21$0.06$-0.03$-0.12$-0.12$-0.18$-0.17$-0.17$-0.17$-0.03
Low Forecast$0.12$0.12$0.12$0.11$0.12$0.12$0.11$0.11$0.14$0.09$0.11$0.10$0.03$0.05$0.09$0.10$0.11$0.03$0.12$0.18$0.17$0.06$-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 $0.12 and a high estimate of $0.14. 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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
GOGLGolden Ocean Group$8.85$16.7589.27%Hold
DSXDiana Shipping$1.84$3.0063.04%Hold
NATNordic American Tankers$2.53$4.0058.10%Buy
SBLKStar Bulk Carriers$14.94$22.4049.93%Buy
GNKGenco Shipping & Trading$14.03$19.5038.99%Buy
GSLGlobal Ship Lease$21.31$29.0036.09%Buy
DACDanaos$77.30$105.0035.83%Buy
CMRECostamare$12.63$14.0010.85%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 61.94% from its last price of $2.47. 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 61.94% (from the last price of $2.47 to the average price target of $4), up by 61.94% based on the highest stock price target, and up by 61.94% based on the lowest stock price target.

Can Nordic American Tankers stock reach $4?

NAT's average twelve months analyst stock price target of $4 does not support the claim that Nordic American Tankers can reach $4 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 $315.28M, low $272.94M), average EBITDA is $79.26M (high $83.78M, low $72.53M), average net income is $107.59M (high $115.56M, low $95.71M), average SG&A $17.04M (high $18.02M, low $15.6M), and average EPS is $0.515 (high $0.553, low $0.458). NAT's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $303.12M (high $320.4M, low $277.37M), average EBITDA is $80.55M (high $85.14M, low $73.71M), average net income is $112.08M (high $120.39M, low $99.7M), average SG&A $17.32M (high $18.31M, low $15.85M), and average EPS is $0.537 (high $0.577, low $0.478).

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%