
NAT Stock Forecast & Price Target
NAT Analyst Ratings
Bulls say
Nordic American Tankers Ltd has demonstrated a robust cash position, which has allowed the company to increase its dividend payouts sequentially despite facing earnings losses, reflecting strong financial management. The recent refinancing of its Beal Bank facility has significantly enhanced its cash reserves, contributing an additional $80 million, enabling continued shareholder returns while simultaneously refining its fleet. Analysts anticipate that as the company optimizes its operations, its realized time-charter equivalent (TCE) rates are likely to improve, bolstering future cash flow and overall financial performance.
Bears say
Nordic American Tankers Ltd has reported three consecutive quarters of earnings misses, with a recent adjusted EPS loss of $0.01 failing to meet consensus expectations, indicating ongoing financial struggles. The company's free cash flow turned negative at -$5.5 million, significantly impacting its cash reserves, which fell from $94.5 million to $67.6 million largely due to a substantial dividend payout. Additionally, the company's realized time charter equivalent (TCE) of $26,880 per day undershot expectations, reflecting challenging operating conditions in a highly competitive market influenced by 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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