(NAT) Nordic American Tankers - Overview

Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 1.199m USD | Total Return: 161.3% in 12m

Stock Tankers, Shipping, Oil, Maritime
Total Rating 49
Risk 63
Buy Signal 0.72
Oil & Gas Midstream -2.2
Oil & Gas Storage & Transportation -0.9
Market Cap: 1,199m
Avg Trading Vol: 28.4M USD
ATR: 4.71%
Peers RS (IBD): 99.0
Risk 5d forecast
Volatility34.2%
Rel. Tail Risk-7.47%
Reward TTM
Sharpe Ratio2.80
Alpha154.70
Character TTM
Beta0.282
Beta Downside0.601
Drawdowns 3y
Max DD46.31%
CAGR/Max DD0.73
EPS (Earnings per Share) EPS (Earnings per Share) of NAT over the last years for every Quarter: "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, "2025-12": 0.06, "2026-03": 0,
EPS CAGR: 17.25%
EPS Trend: -50.0%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of NAT over the last years for every Quarter: 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, 2025-12: 85.903, 2026-03: null,
Rev. CAGR: 15.99%
Rev. Trend: -5.8%
Last SUE: 2.23
Qual. Beats: 1
Risks
Fundamental:

P/E ratio: 94.3333

Description: NAT Nordic American Tankers

Nordic American Tankers (NAT) is a Bermuda-based tanker company specializing in crude oil transportation. The company operates and charters double-hull Suezmax tankers globally.

As of late 2024, NATs fleet comprised 20 Suezmax crude oil tankers. Suezmax tankers are a specific class of vessel, typically 120,000-200,000 deadweight tons, designed to transit the Suez Canal fully loaded.

The companys business model relies on the global demand for crude oil transport, with revenues linked to charter rates which can be volatile depending on market conditions. For a deeper dive into NATs financial performance and market position, consider exploring its profile on ValueRay.

Headlines to Watch Out For
  • Global oil demand dictates tanker utilization and freight rates
  • Suezmax tanker spot rates directly impact NATs revenue
  • Operating expenses, particularly fuel and crewing, affect profitability
  • Geopolitical events and trade routes influence tanker demand
  • New environmental regulations may increase operating costs
Piotroski VR‑10 (Strict, 0-10) 2.0
Net Income: 12.3m TTM > 0 and > 6% of Revenue
FCF/TA: -0.13 > 0.02 and ΔFCF/TA -27.85 > 1.0
NWC/Revenue: 28.54% < 20% (prev 11.15%; Δ 17.39% < -1%)
CFO/TA 0.02 > 3% & CFO 19.8m > Net Income 12.3m
Net Debt (378.3m) to EBITDA (105.2m): 3.60 < 3
Current Ratio: 2.24 > 1.5 & < 3
Outstanding Shares: last quarter (211.8m) vs 12m ago 0.59% < -2%
Gross Margin: 19.79% > 18% (prev 0.30%; Δ 1.95k% > 0.5%)
Asset Turnover: 34.01% > 50% (prev 42.78%; Δ -8.77% > 0%)
Interest Coverage Ratio: 1.33 > 6 (EBITDA TTM 105.2m / Interest Expense TTM 35.8m)
Altman Z''
A: 0.09 (Total Current Assets 150.9m - Total Current Liabilities 67.4m) / Total Assets 902.2m
B: error (Retained Earnings missing)
C: 0.06 (EBIT TTM 47.5m / Avg Total Assets 859.9m)
D: 0.98 (Book Value of Equity 445.5m / Total Liabilities 456.6m)
Beneish M -2.46
DSRI: 1.40 (Receivables 19.0m/16.2m, Revenue 292.4m/349.7m)
GMI: 1.53 (GM 19.79% / 30.35%)
AQI: 0.79 (AQ_t 0.00 / AQ_t-1 0.00)
SGI: 0.84 (Revenue 292.4m / 349.7m)
TATA: -0.01 (NI 12.3m - CFO 19.8m) / TA 902.2m)
Beneish M-Score: -2.46 (Cap -4..+1) = BBB
What is the price of NAT shares? As of April 02, 2026, the stock is trading at USD 5.86 with a total of 4,833,608 shares traded.
Over the past week, the price has changed by +3.43%, over one month by -0.87%, over three months by +75.33% and over the past year by +161.26%.
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.
  • StrongBuy: 1
  • Buy: 0
  • Hold: 2
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the NAT price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 6.3 6.7%
Analysts Target Price 6.3 6.7%
NAT Fundamental Data Overview as of 31 March 2026
P/E Trailing = 94.3333
P/E Forward = 13.9665
P/S = 6.5396
P/B = 2.4953
P/EG = 1.2106
Revenue TTM = 292.4m USD
EBIT TTM = 47.5m USD
EBITDA TTM = 105.2m USD
Long Term Debt = 397.6m USD (from longTermDebt, two quarters ago)
Short Term Debt = 35.4m USD (from shortTermDebt, last quarter)
Debt = 424.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 378.3m USD (from netDebt column, last quarter)
Enterprise Value = 1.58b USD (1.20b + Debt 424.1m - CCE 45.9m)
Interest Coverage Ratio = 1.33 (Ebit TTM 47.5m / Interest Expense TTM 35.8m)
EV/FCF = -13.52x (Enterprise Value 1.58b / FCF TTM -116.6m)
FCF Yield = -7.40% (FCF TTM -116.6m / Enterprise Value 1.58b)
FCF Margin = -39.88% (FCF TTM -116.6m / Revenue TTM 292.4m)
Net Margin = 4.20% (Net Income TTM 12.3m / Revenue TTM 292.4m)
Gross Margin = 19.79% ((Revenue TTM 292.4m - Cost of Revenue TTM 234.6m) / Revenue TTM)
Gross Margin QoQ = 33.81% (prev 18.43%)
Tobins Q-Ratio = 1.75 (Enterprise Value 1.58b / Total Assets 902.2m)
Interest Expense / Debt = 2.20% (Interest Expense 9.33m / Debt 424.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = 37.5m (EBIT 47.5m * (1 - 21.00%))
Current Ratio = 2.24 (Total Current Assets 150.9m / Total Current Liabilities 67.4m)
Debt / Equity = 0.95 (Debt 424.1m / totalStockholderEquity, last quarter 445.5m)
Debt / EBITDA = 3.60 (Net Debt 378.3m / EBITDA 105.2m)
 Debt / FCF = -3.24 (negative FCF - burning cash) (Net Debt 378.3m / FCF TTM -116.6m)
 Total Stockholder Equity = 473.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.43% (Net Income 12.3m / Total Assets 902.2m)
RoE = 2.59% (Net Income TTM 12.3m / Total Stockholder Equity 473.1m)
RoCE = 5.45% (EBIT 47.5m / Capital Employed (Equity 473.1m + L.T.Debt 397.6m))
RoIC = 9.25% (NOPAT 37.5m / Invested Capital 405.3m)
WACC = 5.61% (E(1.20b)/V(1.62b) * Re(6.98%) + D(424.1m)/V(1.62b) * Rd(2.20%) * (1-Tc(0.21)))
Discount Rate = 6.98% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 100.0 | Cagr: 0.70%
 [DCF] Fair Price = unknown (Cash Flow -116.6m)
 EPS Correlation: -49.98 | EPS CAGR: 17.25% | SUE: -4.0 | # QB: 0
Revenue Correlation: -5.81 | Revenue CAGR: 15.99% | SUE: 2.23 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.07 | Chg7d=+0.065 | Chg30d=+0.015 | Revisions Net=+0 | Analysts=2
EPS current Year (2026-12-31): EPS=0.41 | Chg7d=+0.055 | Chg30d=+0.165 | Revisions Net=+2 | Growth EPS=+2100.0% | Growth Revenue=+47.1%
EPS next Year (2027-12-31): EPS=0.27 | Chg7d=+0.070 | Chg30d=+0.270 | Revisions Net=-1 | Growth EPS=-34.2% | Growth Revenue=-11.6%
[Analyst] Revisions Ratio: +1.00 (2 Up / 0 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 6.9% (Discount Rate 7.9% - Earnings Yield 1.1%)
[Growth] Growth Spread = +37.3% (Analyst 44.2% - Implied 6.9%)
Additional Sources for NAT Stock Fund Manager Positions: Dataroma · Stockcircle