Nordic American Tankers Limited NAT

7.72 0.06 0.78% as of 25 Sep
Market cap
$1.6B
P/E
13.1×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 5.55%

Capital & Financial Ratios

Market Cap 1,620.00
Revenue 387.58
Net Income 12.27
Free Cash Flow 208.41
Net Debt 273.27
Current Ratio 3.27
Debt/Equity 0.85
P/E ratio 13.14
P/S ratio 4.23
P/B ratio 3.68
Past 5Y EPS Growth —
This Y EPS Growth 1,400.00%
Next Y EPS Growth (37.78%)
Next 5Y EPS Growth 40.10%
in millions of $

Dividends

Payout Ratio 0.66
Annual Dividend Rate 0.52
Annual Dividend Yield 10.13%
total individual payouts
2027 Powerpack
2026 0.81
0.17
0.22
0.27
2025 0.36
0.06
0.07
0.10
0.13
2024 0.40
0.12
0.12
0.12
0.04
2023 0.49
0.15
0.15
0.13
0.06
2022 0.11
0.01
0.02
0.03
0.05
2021 0.07
0.02
0.02
0.01
0.01
0.01
2020 0.45
0.07
0.14
0.20
0.04
2019 0.10
0.04
0.03
0.01
0.02
2018 0.16
0.03
0.01
0.02
0.10
2017 0.53
0.20
0.20
0.10
0.03
2016 1.36
0.43
0.43
0.25
0.26
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 33 44 46 133
Receivables 26 16 19 22
Inventory 31 22 20 15
Other 14 10 58 38
109 99 151 224
2023 2024 2025 Q'26
Payables 3 4 3 4
ST’ Debt 32 22 35 35
Other 7 8 10 12
70 60 67 68
in millions of $

Compound Annual Growth

10y 5y 3y
Sales (4.13%) (3.78%) (4.84%)
Cash Flow (19.54%) (29.14%) (6.35%)
Earnings (20.02%) (24.50%) (6.68%)
Book Value (6.59%) (5.75%) (6.21%)

Revenue

Mar Jun Sep Dec Year
’26 79 94 — — —
’25 38 40 46 169 292
’24 61 66 52 171 350
’23 87 68 48 189 392
’22 16 35 47 242 339
’21 19 17 9 151 196
’20 86 123 37 137 355
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 30 69 — — —
’25 (1) 1 4 15 20
’24 38 33 35 23 128
’23 51 48 27 13 139
’22 24 (38) (2) 41 24
’21 (15) (6) (17) (7) (44)
’20 36 82 7 (14) 111
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 80 108 — — —
’25 22 (111) 4 17 (68)
’24 37 31 34 23 126
’23 51 48 27 (60) 66
’22 10 (69) 13 56 10
’21 (16) (7) (30) 5 (48)
’20 35 81 3 (27) 93
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.22 0.32 — — —
’25 0.02 0.00 (0.01) 0.06 0.06
’24 0.07 0.10 0.04 0.01 0.22
’23 0.22 0.13 0.04 0.08 0.47
’22 (0.14) (0.02) 0.05 0.17 0.07
’21 (0.16) (0.18) (0.27) (0.45) (1.05)
’20 0.27 0.33 (0.07) (0.19) 0.34
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
7.51 2.45 1.82 1.66 2.30 1.65 1.40 2.83 2.41 2.13

Analyst estimates 2026–2028

Powerpack
Low Price
16.05 9.32 3.47 5.17 9.00 4.05 3.94 4.83 4.64 3.93
High Price
19 21 20 20 20 19 18 17 15 18
Employees
19 14 14 16 18 10 19 23 23 16
Revenue/Emp
357 297 289 317 355 196 339 392 350 292
Revenue
42.30% 22.55% 15.08% 34.49% 46.99% (0.09%) 31.06% 51.62% 46.40% 39.53%
Gross Margin
42 (196) (88) (10) 50 (171) 15 99 47 12
EBT
11.83% (66.11%) (30.30%) (3.24%) 14.13% (87.49%) 4.46% 25.23% 13.33% 4.21%
EBT Margin
(4) (205) (95) (10) 50 (171) 15 99 47 12
Net Income
92 102 76 68 72 71 54 53 57 58
Depreciation
3.86 2.86 2.04 2.23 2.38 1.20 1.68 1.88 1.67 1.38
Revenue/Sh
(0.05) (1.97) (0.67) (0.07) 0.34 (1.05) 0.07 0.47 0.22 0.06
Earnings/Sh
1.38 0.31 (0.11) 0.37 0.74 (0.27) 0.12 0.67 0.61 0.09
Cash Flow/Sh
(1.50) (0.36) 0.60 (0.02) (0.12) (0.02) (0.07) (0.35) (0.01) (0.41)
Capex/Sh
(0.11) (0.06) 0.48 0.35 0.62 (0.29) 0.05 0.32 0.60 (0.32)
Free CF/Sh
9.41 6.85 4.24 4.18 4.01 3.07 2.67 2.58 2.43 2.10
Book Value/Sh
93 104 142 143 149 163 202 209 209 212
Shares
0.00 0.00 0.00 0.00 8.68 0.00 49.67 9.13 11.59 52.12
PE Ratio
2.20 0.84 0.98 2.21 1.15 1.40 1.77 2.29 1.50 2.49
PS Ratio
0.90 0.30 0.47 1.18 0.74 0.55 1.12 1.66 1.03 1.64
PB Ratio
3.21 2.14 2.32 3.27 1.92 2.81 2.49 2.97 2.14 3.78
EV/Sales
(108.36) (23.30) 9.78 20.62 7.92 (11.50) 86.28 17.70 5.96 (16.30)
EV/FCF
128 32 (16) 53 111 (44) 24 139 128 20
Op' Cash Flow
(138) (38) 85 (3) (18) (3) (14) (74) (3) (88)
Capex
(11) (6) 69 50 93 (48) 10 66 126 (68)
FCF
142 102 77 70 60 39 70 38 39 83
Working Cap'
443 389 437 399 357 321 306 302 270 424
Total Debt
361 330 387 336 295 276 243 268 225 378
Net Debt
871 711 602 595 599 498 540 538 509 446
Sh' Equity
(0.34%) (16.46%) (8.62%) (0.98%) 4.99% (18.77%) 1.74% 11.22% 5.50% 1.43%
ROA
2.71% (10.54%) (2.44%) 2.14% 5.68% (11.66%) 2.86% 9.91% 6.58% 3.52%
ROIC
(0.51%) (25.91%) (14.52%) (1.73%) 8.38% (31.23%) 2.91% 18.31% 8.91% 2.57%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Nordic American Tankers Limited peers in Oil & Gas Midstream

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Nordic American Tankers Limited (NAT) key facts

  • Nordic American Tankers Limited (NAT) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
  • Nordic American Tankers Limited’s revenue for fiscal 2025 (year ended December 2025) was $292.4 million, down 16.4% from fiscal 2024.
  • Net income was $12.3 million, or $0.06 per share (basic), a net margin of 4.20%.
  • As of September 25, 2026, NAT traded at $7.72, a market capitalization of $1.6 billion.
  • At that price the stock trades at 13.1× trailing-twelve-month earnings and 4.2× sales.
  • Nordic American Tankers Limited pays an annual dividend of $0.52 per share, a yield of 10.1%, with a payout ratio of 65.5%.
  • Return on equity was 2.57% and debt-to-equity 0.85.

Source: company filings (standardised) and stockrow calculations.

Nordic American Tankers Limited (NAT) Latest News

News by impact score

Fine-tune

25 Sep

3

Nordic American Tankers Limited (NAT) has a Momentum Style Score of A and a Zacks Rank of #2 Buy. NAT rose 10.59% in the last week, 13.31% over the past month versus the Transportation - Shipping industry at 0.83%. The stock also gained 31.84% in the last quarter and 138.63% over the last year, outperforming the S&P 500's 4.91% quarterly rise and 17.28% annual gain. The 20-day average trading volume is about 4.82 million shares. On the earnings front, revisions increased the current-year estimate from $0.63 to $0.78, with upward revisions for the next year and no downward revisions. With a Buy rating and strong momentum, NAT is highlighted as a near-term pick with upside potential. Upward earnings revisions and bullish momentum could moderately boost near-term sentiment and NAT's stock performance.

23 Sep

3

Nordic American Tankers reports market conditions for its fleet remain exceptionally solid with persistently high freight rates expected to continue. It says NAT operations are unaffected by Strait of Hormuz disruptions and that ton-mile transportation remains the essential metric. A lower oil price is viewed as advantageous provided safe transport and sustained demand for NAT ships. The company highlights strong relationships with the largest oil companies and confidence in its crews and vessels. Further information is available at www.nat.bm. Signed by Herbjorn Hansson, Founder, Chairman & CEO. Solid market conditions and strong oil-company relationships signal a moderate, positive influence on NAT's near- to mid-term outlook.

15 Sep

4

Nordic American Tankers Ltd benefits from exceptional conditions for its vessels. Exceptional vessel conditions signal strong tanker market demand that can lift NAT earnings and stock performance.

10 Sep

3

Nordic American Tankers Limited evaluates its dividend policy and sustainability amid tanker market conditions and fleet performance. Dividend reviews can shift short-term investor sentiment and stock valuation for NAT without major strategic overhaul.

28 Aug

3

Nordic American Tankers reports strong Q2 profits and release of Gulf tankers, prompting reassessment of its bull case amid improved operational and financial metrics. Q2 profit strength and Gulf tanker releases point to moderate effects on NAT financials and sentiment without guaranteed long-term trajectory shifts.

27 Aug

4

Nordic American Tankers reports as of June 30, 2026 that the company's direction is upwards with rising rates and values. Upward movement in rates and values directly boosts NAT's core tanker revenues and asset base.

3

NAT rebounds with profits, but questions persist on whether its valuation is justified given market conditions and sector dynamics. Profit rebound raises valuation questions that may moderately shift NAT investor sentiment without major operational changes.

25 Aug

4 transcript

Napatech AS Q2 2026 earnings show revenue up 55% fueled by AI demand. 55% revenue surge tied to AI signals major positive shift in results and outlook.

23 Jul

3

Nordic American Tankers Ltd issues an optimistic summer message on its operations and outlook. Optimistic company message can moderately lift investor sentiment and near-term stock performance.

14 Jul

3

Oil tanker stocks including Nordic American Tankers are positioned for gains after President Trump's reversal on plans to impose tolls for passage through the Strait of Hormuz. Policy shift on Hormuz tolls can alter tanker routing costs and near-term sentiment for NAT shares.

3

Nordic American Tankers Ltd experiences excellent business conditions. Excellent business conditions point to improved operational results and market positioning for Nordic American Tankers Limited.

2 Jul

3

Nordic American Tankers Ltd states its ships are out of the Arabian Gulf. Fleet exit from key oil shipping region may shift NAT routes and near-term earnings.

25 Jun

4

Crude tanker market strength signals further upside potential for ECO with positive implications for Nordic American Tankers Limited operations and performance. Positive crude tanker market dynamics directly support higher earnings potential and improved investor sentiment for NAT.

30 May

3

Analysts substantially upgraded forecasts for Nordic American Tankers Limited (NAT). Upgraded analyst forecasts may moderately affect Nordic American Tankers Limited's market performance.

29 May

4

Middle East geopolitical tensions are disrupting oil shipping routes and tanker demand, with direct effects on Nordic American Tankers' operations, vessel utilization and freight rates. Middle East instability drives oil tanker rates and routes that form NAT's core business.

28 May

4

Nordic American Tankers Ltd reports continued prosperity as of March 31 2026 raises its dividend and notes the best market conditions in several decades. Strong results and optimal market conditions signal major positive shifts in NAT financial trajectory and investor sentiment.

3

Nordic American Tankers Limited (NAT) surpassed Q1 earnings estimates. Q1 earnings beat offers moderate positive signal for NAT financials and near-term sentiment.

22 May

4

Nordic American Tankers secures multiple high-margin tanker charters that may positively reshape its investment profile and future earnings outlook. High-margin charters directly increase NAT revenue and strengthen its competitive positioning in the tanker market.

15 May

3

Nordic American Tankers Ltd (NYSE: NAT) secures recent contracts in a solid market. Recent contracts enhance revenue prospects in a favorable market but do not fundamentally transform NAT's trajectory.

13 Apr

4

Chaotic conditions generate increased transportation work for Nordic American Tankers Ltd (NYSE: NAT). Chaotic market conditions boost NAT's tanker demand and workload, significantly enhancing future performance and investor sentiment.

8 Apr

3

Nordic American Tankers Limited (NAT) is reporting financial numbers that are raising eyebrows, signaling unusual developments in its performance amid the tanker market. Unusual numbers suggest moderately noticeable influence on NAT's financial performance and investor sentiment.

4 Apr

4

Oil prices spiked 12% in one day. Nordic American Tankers Limited (NAT) emerges as the surprise stock to buy today. 12% oil price surge drives higher tanker demand and freight rates, significantly boosting NAT's revenue and market performance.

26 Mar

4

Nordic American Tankers Limited (NAT) faces valuation reassessment after completing a fleet sale and securing a new fixed-rate charter, potentially stabilizing revenue amid market shifts. Fleet sale and new fixed-rate charter constitute major strategic moves that could significantly reshape NAT's financial position and market trajectory.

4

Nordic American Tankers Limited (NAT) executes asset sale and secures key contract, positioning company for accelerated growth and improved valuation. Asset sale and new contract represent major strategic actions enhancing NAT's growth prospects and valuation.

23 Mar

4

Nordic American Tankers Ltd (NYSE: NAT) achieves strong results amid a tumultuous situation. Strong results emerging from a tumultuous situation indicate significant positive impact on NAT's future performance and investor sentiment.

9 Mar

4

Nordic American Tankers Limited (NAT) returns to profitability fueled by robust ship demand. Return to profitability amid strong ship demand signals major positive shift in financial performance and market dynamics for NAT.

4 Mar

4

Nordic American Tankers Limited (NAT) stock rises sharply after supertanker rates hit record highs, boosting the company's outlook in a favorable market shift. Record supertanker rate surge directly improves NAT's revenue prospects and drives positive stock momentum.

3

Nordic American Tankers Limited (NAT) faces valuation review amid insider buying activity, strong earnings results, and continued dividend payments signaling investor confidence. Insider buying, earnings strength, and ongoing dividends moderately boost NAT's investor sentiment and short-term market performance.

3

Nordic American Tankers (NAT) insiders are buying shares amid steady dividend payments, signaling the company's true capital priorities. Insider buying and steady dividends demonstrate management confidence, likely influencing investor sentiment and NAT's valuation moderately.

3 Mar

3

The Hansson family purchased additional shares in Nordic American Tankers Limited (NYSE: NAT), signaling increased confidence in the company. Hansson family buying more shares indicates insider confidence, potentially boosting market sentiment and stock performance moderately.

stockrow.com/NAT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com