NAT Stock Analysis: Nordic American Tankers | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 1.381m USD | 12M Return: 161.3% | BMG657731060 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 19.7M
Qual. Beats: 0
Rev. Trend: -41.5%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 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 (NAT) is a Bermuda-based tanker company that owns, operates, and charters a fleet of 20 double-hull Suezmax crude oil tankers serving oil companies, oil traders, and other crude oil transportation customers worldwide. Founded in 1995 and headquartered in Hamilton, Bermuda, the company operates within the oil & gas storage and transportation sub-industry and was renamed American Tankers Limited in June 2011 before adopting its current name.
Suezmax tankers are mid-to-large crude carriers designed to fit through the Suez Canal, making them versatile workhorses for long-haul crude oil routes between major production regions and refining hubs. The companys business model combines ownership and chartering, meaning it both operates vessels directly and leases capacity to customers, with revenue largely tied to volatile spot and time-charter rates in the global tanker market.
- Suezmax spot rates decline amid weaker crude oil demand
- Russian oil sanctions reshape global tanker ton-mile demand
- Dividend sustainability pressured by volatile charter rate environment
| 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 September 03, 2026, the stock is trading at USD 7.07 with a total of 4,822,104 shares traded. Over the past week, the price has changed by +8.44%, over one month by +9.95%, over three months by +40.74% and over the past year by +161.32%.
Current recommended Stop Loss: 6.70 (which is 5.2% or 1.4 ATR below the current price).
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
| Analysts Target Price | 6.3 | -11.6% |
P/E Trailing = 26.0
P/E Forward = 13.9665
P/S = 4.3117
P/B = 3.0281
P/EG = 1.2106
Revenue TTM = 372.1m USD
EBIT TTM = 123.5m USD
EBITDA TTM = 179.9m USD
Long Term Debt = 388.7m USD (from longTermDebt, last fiscal year)
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 = 1.65b USD (1.38b + Debt 407.0m - CCE 133.3m)
Interest Coverage Ratio = 3.46 (Ebit TTM 123.5m / Interest Expense TTM 35.7m)
EV/FCF = 14.13x (Enterprise Value 1.65b / FCF TTM 117.1m)
FCF Yield = 7.08% (FCF TTM 117.1m / Enterprise Value 1.65b)
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 = 1.80 (Enterprise Value 1.65b / 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 = 14.55% (EBIT 123.5m / Capital Employed (Equity 460.1m + L.T.Debt 388.7m))
RoIC = 14.21% (NOPAT 123.0m / Invested Capital 865.9m)
WACC = 6.14% (E(1.38b)/V(1.79b) * Re(5.37%) + D(407.0m)/V(1.79b) * Rd(8.77%) * (1-Tc(0.00)))
Discount Rate = 5.37% (= 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: 0.32 | # QB: 0
Revenue Correlation: -41.46 | Revenue CAGR: -4.49% | SUE: 0.66 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.27 | Chg30d=+8.00% | Revisions=+0% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.04 | Chg30d=-63.64% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.04 | Chg30d=+24.55% | Revisions=+0% | GrowthEPS=+5173.2% | GrowthRev=+70.2%
EPS next Year (2027-12-31): EPS=0.42 | Chg30d=+12.00% | Revisions=+0% | GrowthEPS=-59.6% | GrowthRev=-9.9%