The price of NAT is predicted to go up -5.7%, based on the high correlation periods with BDL. The similarity of these two price pattern on the periods is 96.55%.
NAT
BDL
Down: -5.7%Similarity: 96.55%
NAT Revenue Forecast
NAT EPS Forecast
NAT FAQs
What is bull’s view on NAT?
NAT stock is currently trading near $2.72, with a neutral RSI of 49.58 indicating no strong overbought or oversold conditions. Recent bullish catalysts include rising oil shipping rates and tightening tanker supply, which could support further price gains. However, Jefferies recently lowered its price target to $3.50, citing a lackluster spot market, suggesting limited upside in the near term.
What is bear's view on NAT?
NAT stock closed at $2.70 on January 31, 2025, down 1.82% during regular trading. Bearish sentiment stems from a lackluster spot market and reduced Q4 estimates, with Jefferies lowering its price target to $3.50. Technical indicators show RSI near neutral (49.58), suggesting limited momentum for a rebound.
What is NAT revenue forecast for next quarter?
The market consensus for NAT's revenue in the upcoming quarter is projected to be approximately $69.5M USD.
What is NAT eps forecast for next quarter?
The market consensus for NAT's eps in the upcoming quarter is projected to be approximately $0.13 USD.
Jefferies lowered the firm's price target on Nordic American Tankers to $3.50 from $4 and keeps a Hold rating on the shares. Tanker stocks gave up their 2024 gains weeks ago and are now down 5% on the year, notes the analyst, who argues that a "lackluster spot market remains the key element driving sentiment lower." Q3 estimate revisions have been followed by Q4 estimate revisions, which is "now leading to nervousness on 2025," the analyst added in a note on the group in which the firm lowered price targets nearly across the board.