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Nordic American Tanker
(NYSE:NAT)
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Rating:70Outperform
Price Target:
$8.50
▲(30.37% Upside)
Action:Upgraded
Date:10/09/26
Overall score is driven by solid current profitability and a bullish technical trend, supported by reasonable valuation and a high dividend yield. The main offset is risk from marine-shipping cyclicality, moderate-to-elevated leverage, and historically uneven free-cash-flow consistency.
Positive Factors
Strong current profitability
Strong current margins and revenue growth indicate that NAT is converting tanker demand into meaningful earnings. Although the industry is cyclical, the present profitability provides internal funding capacity and supports resilience over the next several quarters if operating conditions remain favorable.
Negative Factors
Cyclical earnings profile
NAT’s earnings history shows substantial sensitivity to tanker rates and industry conditions rather than a steadily compounding revenue base. This cyclicality can produce sharp changes in profit and cash generation, making medium-term performance less predictable when freight markets weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong current profitability
Strong current margins and revenue growth indicate that NAT is converting tanker demand into meaningful earnings. Although the industry is cyclical, the present profitability provides internal funding capacity and supports resilience over the next several quarters if operating conditions remain favorable.
Read all positive factors
Nordic American Tanker (NAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.66B
Dividend Yield10.05%
Average Volume (3M)5.43M
Price to Earnings (P/E)13.5
Beta (1Y)0.56
Revenue Growth29.11%
EPS Growth814.26%
CountryUS
Employees18
SectorEnergy
Sector Strength52
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.58
Shares Outstanding211,750,660
10 Day Avg. Volume5,370,992
30 Day Avg. Volume5,428,614
Financial Highlights & Ratios
PEG Ratio-0.81
Price to Book (P/B)1.63
Price to Sales (P/S)2.49
P/FCF Ratio-6.25
Enterprise Value/Market Cap0.87
Enterprise Value/Revenue3.89
Enterprise Value/Gross Profit10.24
Enterprise Value/Ebitda8.02
Forecast
1Y Price Target
$10.00Price Target Upside53.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.83
Revenue Forecast (FY)$320.59M
Nordic American Tanker Business Overview & Revenue Model
Company Description
Founded in 1995 and headquartered in Hamilton, Bermuda, Nordic American Tankers Limited (NAT) is a shipping enterprise focused on the acquisition and chartering of double-hull tanker vessels. The company's operations extend internationally as well...
How the Company Makes Money
NAT makes money by operating its crude oil tanker fleet and earning charter revenue for transporting crude oil. Its primary revenue stream is time charter and/or spot market charter income (freight/charter hire) paid by charterers for the use of N...
Nordic American Tanker Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 372.05M | 292.42M | 349.74M | 391.69M | 339.34M | 195.76M |
| Gross Profit | 141.23M | 57.87M | 106.14M | 150.78M | 54.97M | -68.53M |
| EBITDA | 180.44M | 105.76M | 133.52M | 180.73M | 92.60M | -24.69M |
| Net Income | 123.50M | 12.27M | 46.64M | 98.71M | 15.10M | -119.42M |
Balance Sheet | ||||||
| Total Assets | 917.50M | 902.16M | 817.59M | 879.20M | 880.74M | 851.15M |
| Cash, Cash Equivalents and Short-Term Investments | 133.29M | 45.86M | 39.18M | 31.08M | 59.58M | 34.74M |
| Total Debt | 406.57M | 424.14M | 269.70M | 301.60M | 306.04M | 320.96M |
| Total Liabilities | 439.87M | 456.64M | 308.77M | 340.89M | 340.75M | 352.93M |
| Stockholders Equity | 477.62M | 445.52M | 508.81M | 538.30M | 539.98M | 498.22M |
Cash Flow | ||||||
| Free Cash Flow | 117.08M | -116.61M | 125.54M | 65.78M | -71.28M | -62.19M |
| Operating Cash Flow | 117.87M | 19.84M | 128.16M | 139.44M | 24.13M | -44.46M |
| Investing Cash Flow | 90.55M | -87.70M | -2.62M | -73.67M | -14.34M | -3.46M |
| Financing Cash Flow | -169.76M | 68.99M | -115.05M | -95.67M | 9.01M | 30.51M |
Nordic American Tanker Technical Analysis
Positive
6.52
Price Trends
7.50
Positive
6.63
Positive
5.68
Positive
Market Momentum
0.02
Positive
50.91
Neutral
22.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NAT, the sentiment is Positive. The current price of 6.52 is below the 20-day moving average (MA) of 8.07, below the 50-day MA of 7.50, and above the 200-day MA of 5.68, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 50.91 is Neutral, neither overbought nor oversold. The STOCH value of 22.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NAT.
Nordic American Tanker Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $3.45B | 5.84 | 27.73% | 2.01% | 19.33% | 110.30% | |
82 Outperform | $11.79B | 7.94 | 54.89% | 11.67% | 48.84% | 524.52% | |
81 Outperform | $3.63B | 8.77 | ― | 10.08% | 105.24% | 413.89% | |
77 Outperform | $6.86B | 7.03 | 37.04% | 11.38% | 57.66% | 225.95% | |
76 Outperform | $3.97B | 8.37 | 39.55% | 9.96% | 39.42% | 148.77% | |
70 Outperform | $1.66B | 13.51 | 26.85% | 10.05% | 29.11% | 814.26% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
* Energy Sector Average
NAT
Nordic American Tanker
7.86
4.77
154.12%
DHT
DHT Holdings
24.60
13.52
121.98%
FRO
Frontline
52.94
32.37
157.33%
TNK
Teekay Tankers
99.47
41.73
72.28%
INSW
International Seaways
110.78
69.03
165.32%
ECO
Okeanis Eco Tankers Corp.
76.15
48.20
172.41%
Nordic American Tanker Corporate Events
Nordic American Tankers Sets November 20, 2026 Date for Annual General Meeting
Sep 28, 2026
Nordic American Tankers Ltd., the Bermuda-based NYSE-listed crude oil tanker operator, has confirmed key dates for its 2026 shareholder governance cycle. The company also highlighted the availability of its 2025 annual report, underscoring ongoing...
Nordic American Tankers Lifts Q2 2026 Profit and Dividend as Suezmax Market Surges
Aug 27, 2026
Nordic American Tankers reported that 2026 is shaping up to be its strongest year since its 1995 listing, driven by exceptional Suezmax spot rates and robust cash generation. The company successfully sailed three tankers out of the Strait of Hormu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.