NAT Stock Analysis: Nordic American Tankers | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 1.794m USD | 12M Return: 198.8% | BMG657731060 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 42.6M
Qual. Beats: 0
Rev. Trend: -41.5%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Nordic American Tankers Limited (NYSE: NAT) is a Bermuda-based tanker company that owns, operates, and charters double-hull tankers in Bermuda and internationally. As of December 31, 2025, its fleet consisted of 20 Suezmax crude oil tankers, serving oil companies, oil traders, and other entities requiring crude oil transportation services. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.
Suezmax tankers are a class of mid-range vessels, typically capable of carrying around one million barrels of crude oil, and are sized to transit the Suez Canal fully loaded. The double-hull design, now standard for the global tanker industry, became a regulatory requirement following the Oil Pollution Act of 1990 in the United States and similar international regulations, aimed at reducing spill risk in the event of a collision or grounding.
NAT operates within the Energy sector (GICS sub-industry: Oil & Gas Storage & Transportation), and its business model generates revenue through a mix of spot market voyages, time charters, and voyage charters to crude oil producers and traders. The company previously operated under the names Nordic American Tanker Shipping Limited and, briefly, American Tankers Limited, and has been listed on the NYSE since its 1997 IPO.
- Suezmax tanker rates rise on tight global tonnage supply
- OPEC+ production cuts and China demand pressure crude flows
- Dividend payouts and fleet renewal shape capital returns
| Net Income: 123.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 21.27 > 1.0 |
| NWC/Revenue: 41.83% < 20% (prev 29.92%; Δ 11.91% < -1%) |
| CFO/TA 0.13 > 3% & CFO 117.9m > Net Income 123.5m |
| Net Debt (273.7m) to EBITDA (179.9m): 1.52 < 3 |
| Current Ratio: 3.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (211.8m) vs 12m ago 0.0% < -2% |
| Gross Margin: 37.96% > 18% (prev 19.04%; Δ 18.92% > 0.5%) |
| Asset Turnover: 39.69% > 50% (prev 30.10%; Δ 9.59% > 0%) |
| Interest Coverage Ratio: 3.46 > 6 (EBIT TTM 123.5m / Interest Expense TTM 35.7m) |
| A: 0.17 (Total Current Assets 224.1m - Total Current Liabilities 68.4m) / Total Assets 917.5m |
| B: 0.00 (Retained Earnings 1.40m / Total Assets 917.5m) |
| C: 0.13 (EBIT TTM 123.5m / Avg Total Assets 937.4m) |
| D: 1.09 (Book Value of Equity 477.6m / Total Liabilities 439.9m) |
| Altman-Z'' = 3.14 = A |
| DSRI: 1.17 (Receivables 21.8m/14.5m, Revenue 372.1m/288.2m) |
| GMI: 0.50 (GM 19.04% / 37.96%) |
| AQI: 0.86 (AQ_t 0.00 / AQ_t-1 0.00) |
| SGI: 1.29 (Revenue 372.1m / 288.2m) |
| TATA: 0.01 (NI 123.5m - CFO 117.9m) / TA 917.5m) |
| Beneish M = -3.21 (Cap -4..+1) = AA |
As of October 15, 2026, the stock is trading at USD 8.21 with a total of 8,906,830 shares traded. Over the past week, the price has changed by +0.00%, over one month by +7.60%, over three months by +35.56% and over the past year by +198.80%.
Current recommended Stop Loss: 7.80 (which is 5% or 1.3 ATR below the current price).
Nordic American Tankers has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold NAT.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 7.5 | -8.6% |
P/E Trailing = 14.3559
P/E Forward = 13.9665
P/S = 4.8325
P/B = 3.3783
P/EG = 1.2106
Revenue TTM = 372.1m USD
EBIT TTM = 123.5m USD
EBITDA TTM = 179.9m USD
Long Term Debt = 371.2m USD (from longTermDebt, last quarter)
Short Term Debt = 35.4m USD (from shortTermDebt, last quarter)
Debt = 407.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 418k
Net Debt = 273.7m USD (calculated: Debt 407.0m - CCE 133.3m)
Enterprise Value = 2.07b USD (1.79b + Debt 407.0m - CCE 133.3m)
Interest Coverage Ratio = 3.46 (Ebit TTM 123.5m / Interest Expense TTM 35.7m)
EV/FCF = 17.66x (Enterprise Value 2.07b / FCF TTM 117.1m)
FCF Yield = 5.66% (FCF TTM 117.1m / Enterprise Value 2.07b)
FCF Margin = 31.47% (FCF TTM 117.1m / Revenue TTM 372.1m)
Net Margin = 33.20% (Net Income TTM 123.5m / Revenue TTM 372.1m)
Gross Margin = 37.96% ((Revenue TTM 372.1m - Cost of Revenue TTM 230.8m) / Revenue TTM)
Gross Margin QoQ = 48.46% (prev 44.75%)
Tobins Q-Ratio = 2.25 (Enterprise Value 2.07b / Total Assets 917.5m)
Interest Expense / Debt = 8.77% (Interest Expense 35.7m / Debt 407.0m)
Taxrate = 0.39% (48.0k / 12.3m)
NOPAT = 123.0m (EBIT 123.5m * (1 - 0.39%))
Current Ratio = 3.27 (Total Current Assets 224.1m / Total Current Liabilities 68.4m)
Debt / Equity = 0.85 (Debt 407.0m / totalStockholderEquity, last quarter 477.6m)
Debt / EBITDA = 1.52 (Net Debt 273.7m / EBITDA 179.9m)
Debt / FCF = 2.34 (Net Debt 273.7m / FCF TTM 117.1m)
Total Stockholder Equity = 460.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 13.17% (Net Income 123.5m / Total Assets 917.5m)
RoE = 26.85% (Net Income TTM 123.5m / Total Stockholder Equity 460.1m)
RoCE = 14.86% (EBIT 123.5m / Capital Employed (Equity 460.1m + L.T.Debt 371.2m))
RoIC = 14.21% (NOPAT 123.0m / Invested Capital 865.9m)
WACC = 5.86% (E(1.79b)/V(2.20b) * Re(5.21%) + D(407.0m)/V(2.20b) * Rd(8.77%) * (1-Tc(0.00)))
Discount Rate = 5.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.51 | Cagr: 0.63%
[DCF] Terminal Value 75.44% ; FCFF base≈117.1m ; Y1≈117.6m ; Y5≈124.5m
[DCF] Fair Price = 7.85 (EV 1.94b - Net Debt 273.7m = Equity 1.66b / Shares 211.8m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.30 | # QB: 0
Revenue Correlation: -41.46 | Revenue CAGR: -4.49% | SUE: 0.66 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.10 | Chg30d=-9.09% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.78 | Chg30d=+9.86% | Revisions=+0% | GrowthEPS=+3904.9% | GrowthRev=+65.6%
EPS next Year (2027-12-31): EPS=0.46 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=-41.7% | GrowthRev=-7.4%
[Analyst] Revisions Ratio: -12% (up=2, down=3)