(NAT) Nordic American Tankers - Overview

Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 1.129m USD | Total Return: 118.6% in 12m

Crude Oil Transport, Tanker Chartering, Maritime Logistics
Total Rating 45
Safety 56
Buy Signal 0.42
Oil & Gas Midstream
Industry Rotation: +0.5
Market Cap: 1.13B
Avg Turnover: 16.2M
Risk 3d forecast
Volatility33.5%
VaR 5th Pctl5.69%
VaR vs Median3.10%
Reward TTM
Sharpe Ratio2.22
Rel. Str. IBD87.5
Rel. Str. Peer Group89
Character TTM
Beta0.180
Beta Downside0.180
Hurst Exponent0.504
Drawdowns 3y
Max DD46.31%
CAGR/Max DD0.61
CAGR/Mean DD1.74
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": -0.22, "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,
Last SUE: -4.00
Qual. Beats: -4
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: 85.903,
Rev. CAGR: -10.57%
Rev. Trend: -87.1%
Last SUE: 0.13
Qual. Beats: 0

Warnings

P/E ratio 88.8

Altman Z'' 1.04 < 1.0 - financial distress zone

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: 19.7m TTM > 0 and > 6% of Revenue
FCF/TA: -0.11 > 0.02 and ΔFCF/TA -20.80 > 1.0
NWC/Revenue: 26.62% < 20% (prev 17.17%; Δ 9.45% < -1%)
CFO/TA 0.04 > 3% & CFO 36.1m > Net Income 19.7m
Net Debt (378.7m) to EBITDA (115.0m): 3.29 < 3
Current Ratio: 2.24 > 1.5 & < 3
Outstanding Shares: last quarter (211.8m) vs 12m ago 0.0% < -2%
Gross Margin: 25.11% > 18% (prev 0.26%; Δ 2.48k% > 0.5%)
Asset Turnover: 35.44% > 50% (prev 36.81%; Δ -1.37% > 0%)
Interest Coverage Ratio: 1.49 > 6 (EBITDA TTM 115.0m / Interest Expense TTM 37.7m)
Altman Z'' 1.04
A: 0.09 (Total Current Assets 150.9m - Total Current Liabilities 67.4m) / Total Assets 902.2m
B: 0.00 (Retained Earnings 1.40m / Total Assets 902.2m)
C: 0.06 (EBIT TTM 56.3m / Avg Total Assets 884.7m)
D: 0.00 (Book Value of Equity 1.40m / Total Liabilities 456.6m)
Altman-Z'' = 1.04 = BB
Beneish M -2.98
DSRI: 1.16 (Receivables 19.0m/16.8m, Revenue 313.5m/319.2m)
GMI: 1.04 (GM 25.11% / 26.13%)
AQI: 0.86 (AQ_t 0.00 / AQ_t-1 0.00)
SGI: 0.98 (Revenue 313.5m / 319.2m)
TATA: -0.02 (NI 19.7m - CFO 36.1m) / TA 902.2m)
Beneish M = -2.98 (Cap -4..+1) = A
What is the price of NAT shares?

As of May 28, 2026, the stock is trading at USD 5.22 with a total of 2,972,784 shares traded.
Over the past week, the price has changed by -5.43%, over one month by -7.61%, over three months by -6.06% and over the past year by +118.61%.

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 14.9%
Nordic American Tankers (NAT) - Fundamental Data Overview as of 28 May 2026
Market Cap USD = 1.13b (1.13b USD * 1.0 USD.USD)
P/E Trailing = 88.8333
P/E Forward = 13.9665
P/S = 3.8596
P/B = 2.5333
P/EG = 1.2106
Revenue TTM = 313.5m USD
EBIT TTM = 56.3m USD
EBITDA TTM = 115.0m USD
Long Term Debt = 388.7m USD (from longTermDebt, last fiscal year)
Short Term Debt = 35.4m USD (from shortTermDebt, last quarter)
Debt = 424.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 418k
Net Debt = 378.7m USD (calculated: Debt 424.6m - CCE 45.9m)
Enterprise Value = 1.51b USD (1.13b + Debt 424.6m - CCE 45.9m)
Interest Coverage Ratio = 1.49 (Ebit TTM 56.3m / Interest Expense TTM 37.7m)
EV/FCF = -14.95x (Enterprise Value 1.51b / FCF TTM -100.8m)
FCF Yield = -6.69% (FCF TTM -100.8m / Enterprise Value 1.51b)
FCF Margin = -32.16% (FCF TTM -100.8m / Revenue TTM 313.5m)
Net Margin = 6.28% (Net Income TTM 19.7m / Revenue TTM 313.5m)
Gross Margin = 25.11% ((Revenue TTM 313.5m - Cost of Revenue TTM 234.8m) / Revenue TTM)
Gross Margin QoQ = 33.81% (prev 33.81%)
Tobins Q-Ratio = 1.67 (Enterprise Value 1.51b / Total Assets 902.2m)
Interest Expense / Debt = 8.89% (Interest Expense 37.7m / Debt 424.6m)
Taxrate = 0.39% (48.0k / 12.3m)
NOPAT = 56.1m (EBIT 56.3m * (1 - 0.39%))
Current Ratio = 2.24 (Total Current Assets 150.9m / Total Current Liabilities 67.4m)
Debt / Equity = 0.95 (Debt 424.6m / totalStockholderEquity, last quarter 445.5m)
Debt / EBITDA = 3.29 (Net Debt 378.7m / EBITDA 115.0m)
 Debt / FCF = -3.76 (negative FCF - burning cash) (Net Debt 378.7m / FCF TTM -100.8m)
 Total Stockholder Equity = 459.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.23% (Net Income 19.7m / Total Assets 902.2m)
RoE = 4.29% (Net Income TTM 19.7m / Total Stockholder Equity 459.3m)
RoCE = 6.64% (EBIT 56.3m / Capital Employed (Equity 459.3m + L.T.Debt 388.7m))
RoIC = 6.45% (NOPAT 56.1m / Invested Capital 869.2m)
WACC = 7.23% (E(1.13b)/V(1.55b) * Re(6.62%) + D(424.6m)/V(1.55b) * Rd(8.89%) * (1-Tc(0.00)))
Discount Rate = 6.62% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 80.28 | Cagr: 0.63%
 [DCF] Fair Price = unknown (Cash Flow -100.8m)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: -4.0 | # QB: -4
Revenue Correlation: -87.07 | Revenue CAGR: -10.57% | SUE: 0.13 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.09 | Chg30d=+38.46% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=0.74 | Chg30d=+80.49% | Revisions=+20% | GrowthEPS=+3709.8% | GrowthRev=+50.7%
EPS next Year (2027-12-31): EPS=0.32 | Chg30d=+16.67% | Revisions=-20% | GrowthEPS=-57.4% | GrowthRev=-4.9%
[Analyst] Revisions Ratio: +20%