(NAT) Nordic American Tankers - NYSE

Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 1.105m USD | Total Return: 123% in 12m

Crude Oil Transport, Tanker Chartering, Maritime Logistics
Total Rating 56
Safety 77
Buy Signal 0.15
Oil & Gas Midstream
Industry Rotation: -1.7
Market Cap: 1.11B
Avg Turnover: 16.4M
Risk 3d forecast
Volatility32.3%
VaR 5th Pctl5.45%
VaR vs Median2.55%
Reward TTM
Sharpe Ratio2.29
Rel. Str. IBD91.9
Rel. Str. Peer Group91
Character TTM
Beta0.127
Beta Downside0.085
Hurst Exponent0.508
Drawdowns 3y
Max DD46.31%
CAGR/Max DD0.56
CAGR/Mean DD1.56
EPS (Earnings per Share) EPS (Earnings per Share) of NAT over the last years for every Quarter: "2021-06": -0.18, "2021-09": -0.22, "2021-12": -0.12, "2022-03": -0.14, "2022-06": -0.02, "2022-09": 0.05, "2022-12": 0.15, "2023-03": 0.22, "2023-06": 0.13, "2023-09": 0.04, "2023-12": 0.08, "2024-03": 0.07, "2024-06": 0.1, "2024-09": 0.04, "2024-12": 0.01, "2025-03": -0.02, "2025-06": -0.04, "2025-09": -0.01, "2025-12": 0.06, "2026-03": 0.1504,
Last SUE: -1.27
Qual. Beats: -4
Revenue Revenue of NAT over the last years for every Quarter: 2021-06: 52.394, 2021-09: 40.33, 2021-12: 55.037, 2022-03: 49.255, 2022-06: 74.924, 2022-09: 104.879, 2022-12: 87.094, 2023-03: 121.434, 2023-06: 99.1, 2023-09: 78.45, 2023-12: 59.254, 2024-03: 95.288, 2024-06: 97.808, 2024-09: 82.217, 2024-12: 74.43, 2025-03: 64.79, 2025-06: 66.727999, 2025-09: 74.999, 2025-12: 85.903, 2026-03: 106.462,
Rev. CAGR: -9.70%
Rev. Trend: -80.4%
Last SUE: 0.65
Qual. Beats: 0

Warnings

Below Avwap Earnings

Tailwinds

Rs Leader, Confidence

Description: NAT Nordic American Tankers

Nordic American Tankers Limited (NAT) is a Bermuda-based shipping company specializing in the ownership and operation of Suezmax crude oil tankers. Founded in 1995, the firm maintains a fleet of 20 double-hull vessels used for international oil transportation. The company operates within the Oil & Gas Storage & Transportation sub-industry, focusing exclusively on the Suezmax asset class.

Suezmax tankers are mid-sized vessels capable of carrying approximately one million barrels of crude oil, offering greater port flexibility than Larger Crude Carriers (VLCCs). The tanker market typically operates on a mix of long-term time charters and spot market contracts, making revenue highly sensitive to global oil demand and geopolitical shifts. Investors can find further data on these market cycles by exploring ValueRay.

Headlines to Watch Out For
  • Suezmax spot market rates dictate quarterly revenue and dividend payout capacity
  • European energy security shifts increase ton-mile demand for crude oil tankers
  • Geopolitical instability in the Middle East impacts global shipping route efficiency
  • Fleet age profile and vessel maintenance costs influence long-term capital expenditure
  • Global crude oil production levels directly correlate with Suezmax tanker utilization rates
Piotroski VR-10 (Strict) 5.0
Net Income: 54.3m TTM > 0 and > 6% of Revenue
FCF/TA: -0.10 > 0.02 and ΔFCF/TA -19.14 > 1.0
NWC/Revenue: 38.89% < 20% (prev 17.17%; Δ 21.72% < -1%)
CFO/TA 0.06 > 3% & CFO 50.4m > Net Income 54.3m
Net Debt (334.7m) to EBITDA (132.7m): 2.52 < 3
Current Ratio: 3.00 > 1.5 & < 3
Outstanding Shares: last quarter (211.8m) vs 12m ago 0.0% < -2%
Gross Margin: 29.13% > 18% (prev 26.13%; Δ 3.00% > 0.5%)
Asset Turnover: 37.78% > 50% (prev 36.81%; Δ 0.97% > 0%)
Interest Coverage Ratio: 2.01 > 6 (EBIT TTM 74.2m / Interest Expense TTM 37.0m)
Altman Z'' 2.59
A: 0.14 (Total Current Assets 194.9m - Total Current Liabilities 65.0m) / Total Assets 901.3m
B: 0.00 (Retained Earnings 1.40m / Total Assets 901.3m)
C: 0.08 (EBIT TTM 74.2m / Avg Total Assets 884.3m)
D: 1.02 (Book Value of Equity 455.9m / Total Liabilities 445.3m)
Altman-Z'' = 2.59 = A
Beneish M -2.93
DSRI: 1.32 (Receivables 23.2m/16.8m, Revenue 334.1m/319.2m)
GMI: 0.90 (GM 26.13% / 29.13%)
AQI: 0.82 (AQ_t 0.00 / AQ_t-1 0.00)
SGI: 1.05 (Revenue 334.1m / 319.2m)
TATA: 0.00 (NI 54.3m - CFO 50.4m) / TA 901.3m)
Beneish M = -2.93 (Cap -4..+1) = A
What is the price of NAT shares?

As of June 11, 2026, the stock is trading at USD 5.18 with a total of 2,977,586 shares traded.
Over the past week, the price has changed by +3.52%, over one month by -7.16%, over three months by +0.62% and over the past year by +122.99%.

Is NAT a buy, sell or hold?

Nordic American Tankers has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold NAT.

  • StrongBuy: 1
  • Buy: 0
  • Hold: 2
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the NAT price?
Analysts Target Price 6 15.8%
Nordic American Tankers (NAT) - Fundamental Data Overview as of 05 June 2026
Market Cap USD = 1.11b (1.11b USD * 1.0 USD.USD)
P/E Trailing = 20.0769
P/E Forward = 10.0402
P/S = 3.3114
P/B = 2.4336
P/EG = 1.2106
Revenue TTM = 334.1m USD
EBIT TTM = 74.2m USD
EBITDA TTM = 132.7m USD
Long Term Debt = 380.0m USD (from longTermDebt, last quarter)
Short Term Debt = 35.4m USD (from shortTermDebt, last quarter)
Debt = 415.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 418k
Net Debt = 334.7m USD (calculated: Debt 415.8m - CCE 81.1m)
Enterprise Value = 1.44b USD (1.11b + Debt 415.8m - CCE 81.1m)
Interest Coverage Ratio = 2.01 (Ebit TTM 74.2m / Interest Expense TTM 37.0m)
EV/FCF = -16.80x (Enterprise Value 1.44b / FCF TTM -85.7m)
FCF Yield = -5.95% (FCF TTM -85.7m / Enterprise Value 1.44b)
FCF Margin = -25.66% (FCF TTM -85.7m / Revenue TTM 334.1m)
Net Margin = 16.26% (Net Income TTM 54.3m / Revenue TTM 334.1m)
Gross Margin = 29.13% ((Revenue TTM 334.1m - Cost of Revenue TTM 236.8m) / Revenue TTM)
Gross Margin QoQ = 44.75% (prev 33.81%)
Tobins Q-Ratio = 1.60 (Enterprise Value 1.44b / Total Assets 901.3m)
Interest Expense / Debt = 8.90% (Interest Expense 37.0m / Debt 415.8m)
Taxrate = 0.39% (48.0k / 12.3m)
NOPAT = 73.9m (EBIT 74.2m * (1 - 0.39%))
Current Ratio = 3.00 (Total Current Assets 194.9m / Total Current Liabilities 65.0m)
Debt / Equity = 0.91 (Debt 415.8m / totalStockholderEquity, last quarter 455.9m)
Debt / EBITDA = 2.52 (Net Debt 334.7m / EBITDA 132.7m)
 Debt / FCF = -3.90 (negative FCF - burning cash) (Net Debt 334.7m / FCF TTM -85.7m)
 Total Stockholder Equity = 461.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.14% (Net Income 54.3m / Total Assets 901.3m)
RoE = 11.76% (Net Income TTM 54.3m / Total Stockholder Equity 461.9m)
RoCE = 8.82% (EBIT 74.2m / Capital Employed (Equity 461.9m + L.T.Debt 380.0m))
RoIC = 8.65% (NOPAT 73.9m / Invested Capital 855.0m)
WACC = 7.09% (E(1.11b)/V(1.52b) * Re(6.43%) + D(415.8m)/V(1.52b) * Rd(8.90%) * (1-Tc(0.00)))
Discount Rate = 6.43% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 80.28 | Cagr: 0.63%
 [DCF] Fair Price = unknown (Cash Flow -85.7m)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.27 | # QB: -4
Revenue Correlation: -80.35 | Revenue CAGR: -9.70% | SUE: 0.65 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.26 | Chg30d=+183.33% | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.11 | Chg30d=+120.00% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=0.69 | Chg30d=-7.43% | Revisions=+0% | GrowthEPS=+3441.5% | GrowthRev=+73.9%
EPS next Year (2027-12-31): EPS=0.29 | Chg30d=-6.35% | Revisions=+0% | GrowthEPS=-56.9% | GrowthRev=-23.6%
[Analyst] Revisions Ratio: -20%