Name of opportunity: 👀
Nordic American Tankers Limited
Dividend payout: 💸
Nordic American Tankers' dividend yield of 13.11% is high, offering potential for significant income. If you invested $1000, you would be paid $131.10 a year in dividends (based on the last 12 months).
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Nordic American Tankers Limited will increase from $3.55 to $5.24 in the next 12 months. If you invested $1000, you might profit $484.42 - a fantastic potential profit to be made on a stock that costs less than 5 bucks! That’s one reason Nordic American Tankers has been highlighted by analysts as one of the best penny stocks - shares that currently cost $5 or less - on the market right now.
But how does the company make its money and why do analysts see upside potential in this stock? NAT owns and operates tankers, which it leases to other companies for use transporting oil - each vessel can transport one million barrels of oil. Its revenue and income have recently suffered due to decreased demand, but the company still shared some positive earnings in its Q1 2024 report. For instance, NAT cut its net debt down from $232 million in Q4 2023 to $228 million. Analysts are saying the international oil and gas transportation industry, in which Nordic American Tankers is a leader, has a positive outlook over the next 12 months. The market has been predicted to grow by US$46.67 billion between 2023 and 2028.
All aboard: ⛴️
Nordic American Tankers Limited is an international tanker company. The Company has a type of vessel, which is Suezmax crude oil tankers. The Company has a fleet of approximately 24 Suezmax tankers. The Company fleet consists of approximately 22 vessels. The Company's tankers operating in the spot market are chartered for a single voyage. The vessels in the Company's fleet are homogenous and interchangeable as they have approximately the same freight capacity and ability to transport the same type of cargo.
Which neme?: 🔍
Search directly for Nordic American Tankers
Download Nemo to check out this dividend stock
