Alert: Negative Investment/Fundamental Signals (12/6/23)-Nordic American Tankers Ltd (NYSE: NAT)


Recent extremely meaningful negative changes in investment behavior have impacted Nordic American Tankers Ltd (NYSE: NAT): the stock’s recent price decline challenged its longer term uptrend, and its longer term price trend turned down.

Nordic American Tankers Ltd (NYSE: NAT) has recently experienced significant negative changes in fundamentals. Negative developments: the consensus estimate for December, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly. Positive development: significant quarterly sales acceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

NAT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a major Value Builder.

Nordic American Tankers has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Nordic American Tankers has a slightly negative Appreciation Score of 38 but a good Power Rating of 84, with the High Neutral Value Trend Rating the result.

Recent Price Action

Nordic American Tankers Ltd (NYSE: NAT) stock was unchanged 0.0% on 12/6/23. The shares closed at $3.91. NORMAL trading volume accompanied the flat performance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -8.6% during the last week.

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