Nordic American Tankers (NYSE:NAT) Shares Down 8.4% – What’s Next?

Posted by Geri Gentry on Jun 26th, 2026

Nordic American Tankers Limited (NYSE:NAT – Get Free Report) shares traded down 8.4% during mid-day trading on Friday . The company traded as low as $5.77 and last traded at $5.7350. Approximately 3,847,144 shares changed hands during trading, a decline of 13% from the average daily volume of 4,403,201 shares. The stock had previously closed at $6.26.

Analysts Set New Price Targets

Several equities analysts have recently commented on NAT shares. Evercore downgraded shares of Nordic American Tankers from an “in-line” rating to an “underperform” rating and set a $4.50 target price on the stock. in a report on Tuesday, April 21st. Wall Street Zen raised shares of Nordic American Tankers from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 7th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Nordic American Tankers currently has an average rating of “Reduce” and an average target price of $4.00.

Get Our Latest Research Report on NAT

Nordic American Tankers Stock Down 8.9%

The company has a current ratio of 3.00, a quick ratio of 2.75 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $1.21 billion, a P/E ratio of 21.06 and a beta of -0.57. The business has a 50-day moving average price of $5.61 and a 200 day moving average price of $4.95.

Nordic American Tankers (NYSE:NAT – Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The shipping company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $77.51 million for the quarter, compared to analysts’ expectations of $81.86 million. Nordic American Tankers had a net margin of 24.19% and a return on equity of 9.16%. On average, equities analysts expect that Nordic American Tankers Limited will post 0.58 EPS for the current fiscal year.

Nordic American Tankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 15.4%. The ex-dividend date of this dividend was Wednesday, June 10th. This is an increase from Nordic American Tankers’s previous quarterly dividend of $0.17. Nordic American Tankers’s dividend payout ratio is 325.93%.

Institutional Trading of Nordic American Tankers

Several hedge funds have recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in shares of Nordic American Tankers by 53.8% in the 3rd quarter. Rhumbline Advisers now owns 482,172 shares of the shipping company’s stock worth $1,514,000 after acquiring an additional 168,660 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Nordic American Tankers by 25.2% during the 3rd quarter. American Century Companies Inc. now owns 5,260,627 shares of the shipping company’s stock worth $16,518,000 after purchasing an additional 1,057,232 shares during the period. Simcoe Capital LLC bought a new position in Nordic American Tankers during the 4th quarter valued at about $3,522,000. Quantbot Technologies LP grew its holdings in Nordic American Tankers by 511.8% during the 3rd quarter. Quantbot Technologies LP now owns 115,312 shares of the shipping company’s stock valued at $362,000 after purchasing an additional 96,464 shares during the last quarter. Finally, CenterBook Partners LP raised its position in Nordic American Tankers by 110.1% in the 4th quarter. CenterBook Partners LP now owns 3,700,409 shares of the shipping company’s stock worth $12,729,000 after purchasing an additional 1,939,211 shares during the period. 44.29% of the stock is currently owned by hedge funds and other institutional investors.

About Nordic American Tankers

(Get Free Report)

Nordic American Tankers Limited is a Bermuda-based shipping company specializing in the ownership and operation of Suezmax crude oil tankers. The company’s fleet is employed on the spot and period charter markets, transporting crude oil across major global trade routes. By focusing on commercially flexible employment strategies, Nordic American Tankers seeks to optimize vessel utilization and generate stable income for shareholders.

Founded in 1995 and headquartered in Hamilton, Bermuda, Nordic American Tankers maintains technical and commercial management arrangements through established ship-management partners.