Overview Dividends

(NAT) Nordic American Tankers - Ratings and Ratios

Exchange: NYSE • Country: Bermuda • Currency: USD • Type: Common Stock • ISIN: BMG657731060

Suezmax Crude Tankers

Oil & Gas Storage & Transportation
Market Cap in USD: 716m
IPO / Inception: 1997-09-30
Return 12m vs S&P 500: 32.5%

EPS (Earnings per Share)

EPS (Earnings per Share) of NAT over the last years for every Quarter: "2020-12": -0.19, "2021-03": -0.16, "2021-06": -0.18, "2021-09": -0.27, "2021-12": -0.12, "2022-03": -0.14, "2022-06": -0.02, "2022-09": 0.05, "2022-12": 0.17, "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,
EPS CAGR: 55.46%
EPS Trend: 6.9%
Last SUE: -1.04
Qual. Beats: 0

Revenue

Revenue of NAT over the last years for every Quarter: 2020-12: 43.841, 2021-03: 47.999, 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,
Rev. CAGR: 8.60%
Rev. Trend: 7.5%
Last SUE: 0.58
Qual. Beats: 0

Dividends

Dividend Yield 10.50%
Yield on Cost 5y 17.65%
Yield CAGR 5y -2.90%
Payout Consistency 80.1%
Payout Ratio 414.3%
Risk via 5d forecast
Volatility 31.4%
Value at Risk 5%th 48.3%
Relative Tail Risk -6.45%
Reward TTM
Sharpe Ratio 1.29
Alpha 46.86
CAGR/Max DD 0.37
Character TTM
Hurst Exponent 0.282
Beta 0.325
Beta Downside 0.607
Drawdowns 3y
Max DD 46.31%
Mean DD 17.63%
Median DD 14.89%

Description: NAT Nordic American Tankers December 27, 2025

Nordic American Tankers Limited (NYSE:NAT) is a Bermuda-registered operator of double-hull crude-oil carriers, maintaining a fleet of 20 Suezmax vessels as of 31 Dec 2024. The company’s business model centers on owning, operating, and chartering these tankers to global oil producers and refiners.

Key performance indicators that investors typically monitor include the fleet’s average day-rate (≈ $30,000–$35,000 per day in Q3 2024), utilization rate (≈ 95 % in the most recent quarter), and the net debt-to-EBITDA ratio (≈ 2.1×), which together gauge earnings stability and leverage risk.

Sector drivers are dominated by crude-oil price volatility, global demand for seaborne transport (especially in Asia-Pacific), and regulatory trends such as IMO 2020 sulfur limits that favor newer double-hull vessels. A sustained rise in spot freight rates following tighter vessel supply in 2024 has been a primary catalyst for NAT’s recent earnings uplift.

For a deeper, data-rich assessment of NAT’s valuation dynamics, you may find ValueRay’s analytical dashboard worth a look.

Piotroski VR‑10 (Strict, 0-10) 1.0

Net Income (1.91m TTM) > 0 and > 6% of Revenue (6% = 16.9m TTM)
FCFTA -0.12 (>2.0%) and ΔFCFTA -17.17pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 22.91% (prev -11.88%; Δ 34.79pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.03 (>3.0%) and CFO 23.9m > Net Income 1.91m (YES >=105%, WARN >=100%)
Net Debt (365.5m) to EBITDA (92.8m) ratio: 3.94 <= 3.0 (WARN <= 3.5)
Current Ratio 1.95 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (211.8m) change vs 12m ago 1.41% (target <= -2.0% for YES)
Gross Margin 16.60% (prev 35.50%; Δ -18.90pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 31.80% (prev 39.84%; Δ -8.03pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 1.06 (EBITDA TTM 92.8m / Interest Expense TTM 33.5m) >= 6 (WARN >= 3)

Altman Z'' 1.73

(A) 0.07 = (Total Current Assets 131.9m - Total Current Liabilities 67.5m) / Total Assets 927.0m
(B) -0.01 = Retained Earnings (Balance) -10.9m / Total Assets 927.0m
(C) 0.04 = EBIT TTM 35.4m / Avg Total Assets 883.4m
(D) 0.99 = Book Value of Equity 461.1m / Total Liabilities 465.8m
Total Rating: 1.73 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 36.22

1. Piotroski 1.0pt
2. FCF Yield -10.35%
3. FCF Margin -39.84%
4. Debt/Equity 0.94
5. Debt/Ebitda 3.94
6. ROIC - WACC (= 1.76)%
7. RoE 0.39%
8. Rev. Trend 7.49%
9. EPS Trend 6.92%

What is the price of NAT shares?

As of December 29, 2025, the stock is trading at USD 3.43 with a total of 1,741,552 shares traded.
Over the past week, the price has changed by +0.29%, over one month by -2.38%, over three months by +15.38% and over the past year by +57.27%.

Is NAT a buy, sell or hold?

Nordic American Tankers has received a consensus analysts rating of 3.67. Therefor, it is recommend to hold NAT.
  • Strong Buy: 1
  • Buy: 0
  • Hold: 2
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the NAT price?

Issuer Target Up/Down from current
Wallstreet Target Price 4.3 23.9%
Analysts Target Price 4.3 23.9%
ValueRay Target Price 4.4 28.9%

NAT Fundamental Data Overview December 25, 2025

Market Cap USD = 715.7m (715.7m USD * 1.0 USD.USD)
P/E Forward = 13.9665
P/S = 2.4276
P/B = 1.5705
P/EG = -2.5
Beta = -0.454
Revenue TTM = 280.9m USD
EBIT TTM = 35.4m USD
EBITDA TTM = 92.8m USD
Long Term Debt = 397.6m USD (from longTermDebt, last quarter)
Short Term Debt = 35.4m USD (from shortTermDebt, last quarter)
Debt = 433.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 365.5m USD (from netDebt column, last quarter)
Enterprise Value = 1.08b USD (715.7m + Debt 433.1m - CCE 67.6m)
Interest Coverage Ratio = 1.06 (Ebit TTM 35.4m / Interest Expense TTM 33.5m)
FCF Yield = -10.35% (FCF TTM -111.9m / Enterprise Value 1.08b)
FCF Margin = -39.84% (FCF TTM -111.9m / Revenue TTM 280.9m)
Net Margin = 0.68% (Net Income TTM 1.91m / Revenue TTM 280.9m)
Gross Margin = 16.60% ((Revenue TTM 280.9m - Cost of Revenue TTM 234.3m) / Revenue TTM)
Gross Margin QoQ = 18.43% (prev 10.20%)
Tobins Q-Ratio = 1.17 (Enterprise Value 1.08b / Total Assets 927.0m)
Interest Expense / Debt = 2.27% (Interest Expense 9.82m / Debt 433.1m)
Taxrate = -0.02% (negative due to tax credits) (-10.0k / 46.6m)
NOPAT = 35.4m (EBIT 35.4m * (1 - -0.02%)) [negative tax rate / tax credits]
Current Ratio = 1.95 (Total Current Assets 131.9m / Total Current Liabilities 67.5m)
Debt / Equity = 0.94 (Debt 433.1m / totalStockholderEquity, last quarter 461.1m)
Debt / EBITDA = 3.94 (Net Debt 365.5m / EBITDA 92.8m)
Debt / FCF = -3.27 (negative FCF - burning cash) (Net Debt 365.5m / FCF TTM -111.9m)
Total Stockholder Equity = 488.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.21% (Net Income 1.91m / Total Assets 927.0m)
RoE = 0.39% (Net Income TTM 1.91m / Total Stockholder Equity 488.9m)
RoCE = 4.00% (EBIT 35.4m / Capital Employed (Equity 488.9m + L.T.Debt 397.6m))
RoIC = 7.11% (NOPAT 35.4m / Invested Capital 498.6m)
WACC = 5.35% (E(715.7m)/V(1.15b) * Re(7.21%) + D(433.1m)/V(1.15b) * Rd(2.27%) * (1-Tc(-0.00)))
Discount Rate = 7.21% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 0.70%
Fair Price DCF = unknown (Cash Flow -111.9m)
EPS Correlation: 6.92 | EPS CAGR: 55.46% | SUE: -1.04 | # QB: 0
Revenue Correlation: 7.49 | Revenue CAGR: 8.60% | SUE: 0.58 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.10 | Chg30d=N/A | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.24 | Chg30d=+0.002 | Revisions Net=+0 | Growth EPS=+390.0% | Growth Revenue=+26.8%

Additional Sources for NAT Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle