
NAT Stock Forecast & Price Target
NAT Analyst Ratings
Bulls say
Nordic American Tankers has demonstrated a robust cash position, significantly bolstered by a recent refinancing of its Beal Bank facility, which added approximately $80 million to its liquidity. This enhanced financial flexibility has enabled the company to increase its dividend payout to $0.13 per share in the third quarter, reflecting a commitment to returning value to shareholders despite recent earnings losses. A focus on refining its fleet is expected to improve realized time charter equivalent (TCE) rates, indicating potential for increased revenue generation in the competitive spot market.
Bears say
Nordic American Tankers Ltd has reported disappointing financial results, posting adjusted EPS losses for three consecutive quarters, with the most recent third-quarter loss of $0.01 missing consensus estimates. The company's total cash position has decreased significantly from $94.5 million at the end of the second quarter to $67.6 million, largely due to a substantial dividend payout despite negative free cash flow of -$5.5 million. Additionally, the realized Time Charter Equivalent (TCE) of $26,880 per day fell short of expectations, reflecting challenges in a competitive market that is heavily influenced by fluctuating supply and demand dynamics.
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
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