Nordic American Tankers is a Bermuda-based company that operates as an international tanker company. Learn the latest information and analysis on the company, NAT stock price today, stock news, how much one share costs and other information to help you make investment decisions.
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It owns and operates Suezmax crude oil tankers. The company's fleet consists of 33 vessels, 25 of which are oil tankers of the Suezmax class.
The company's shares are trading at a discount compared to other companies in the sector amid an abnormal situation with oil tanker freight prices. NAT is under pressure from the current market conditions around the war in Ukraine and higher fuel prices.
The Nordic American stock price is 12% up from the beginning of the year, but there is a lot of disbelief in this stock right now. Still the valuation is great, so for those looking for great businesses at a great price this can be a good pick.
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