
NAT Stock Forecast & Price Target
NAT Analyst Ratings
Bulls say
Nordic American Tankers Ltd has demonstrated a robust cash position, significantly improved by a $150 million refinancing of its Beal Bank facility, which increased cash reserves by nearly $80 million. Despite experiencing earnings losses, the company has consistently elevated its dividend payouts, reaching $0.13 per share in the third quarter, reflecting a commitment to returning value to shareholders. Additionally, as the company refines its fleet and anticipates higher realized TCE rates, there is optimism for substantial improvements in its operational results in the competitive tanker market.
Bears say
The financial outlook for Nordic American Tankers Ltd appears negative due to a series of disappointing earnings reports, culminating in an adjusted EPS loss of $0.01 in the third quarter, which missed consensus estimates and marked the third consecutive quarter of losses. The company's realized time charter equivalent (TCE) rate of $26,880 per day also fell short of expectations, indicating potential challenges in achieving profitability amidst competitive market conditions. Additionally, a significant decrease in cash position from $94.5 million to $67.6 million, driven largely by dividend payouts, alongside a negative free cash flow of -$5.5 million, raises concerns regarding the company's financial stability and ability to sustain operations in the future.
This aggregate rating is based on analysts' research of Nordic American Tankers and is not a guaranteed prediction by Public.com or investment advice.
NAT Analyst Forecast & Price Prediction
Start investing in NAT
Order type
Buy in
Order amount
Est. shares
0 shares