Nordic American Tanker Shipping (NAT)
NYSE:NAT
Want to see NAT full AI Analyst Report?
Top Page
Nordic American Tanker
(NYSE:NAT)
Select Model
Select Model
Rating:54Neutral
Price Target:
$5.50
▼(-8.79% Downside)
Action:Reiterated
Date:05/30/26
The score is held back primarily by weak cash flow quality (materially negative TTM free cash flow) and bearish technical signals (negative MACD and trading below key short-term moving averages). These are partly offset by improved profitability versus the downturn and an attractive dividend yield, but valuation is only moderate given cyclical earnings volatility.
Positive Factors
High Profitability & Margins
Sustained TTM margins and mid-teens revenue growth show NAT can capture favorable Suezmax freight and control costs. Durable margin strength provides cushion in downturns, supports reinvestment and dividend funding, and underpins medium-term profitability resilience despite cyclical rates.
Negative Factors
Negative Free Cash Flow
A deeply negative TTM free cash flow indicates operations plus capex and working-capital demands aren't producing net cash. Persistent FCF deficits force reliance on external financing or asset sales to fund dividends and newbuilds, raising liquidity and refinancing vulnerability over cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability & Margins
Sustained TTM margins and mid-teens revenue growth show NAT can capture favorable Suezmax freight and control costs. Durable margin strength provides cushion in downturns, supports reinvestment and dividend funding, and underpins medium-term profitability resilience despite cyclical rates.
Read all positive factors
Nordic American Tanker (NAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.14B
Dividend Yield10.65%
Average Volume (3M)3.38M
Price to Earnings (P/E)21.0
Beta (1Y)0.57
Revenue Growth4.65%
EPS Growth49.74%
CountryUS
Employees15
SectorEnergy
Sector Strength52
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.27
Shares Outstanding211,750,660
10 Day Avg. Volume3,840,325
30 Day Avg. Volume3,376,112
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 Cap1.25
Enterprise Value/Revenue4.26
Enterprise Value/Gross Profit14.64
Enterprise Value/Ebitda10.74
Forecast
1Y Price Target
$6.25Price Target Upside3.65% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.64
Revenue Forecast (FY)$313.10M
Nordic American Tanker Business Overview & Revenue Model
Company Description
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 24 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Lim...
How the Company Makes Money
NAT makes money primarily by chartering out its Suezmax crude oil tankers to customers and earning freight revenue for transporting crude oil. Its main revenue stream is time-charter revenue (a daily hire rate paid over the charter period) and spo...
Nordic American Tanker Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
60
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 334.09M | 292.42M | 349.74M | 391.69M | 339.34M | 195.76M |
| Gross Profit | 97.31M | 57.87M | 106.14M | 150.78M | 54.97M | -68.53M |
| EBITDA | 132.71M | 86.73M | 133.52M | 180.73M | 92.60M | -24.69M |
| Net Income | 54.32M | 12.27M | 46.64M | 98.71M | 15.10M | -119.42M |
Balance Sheet | ||||||
| Total Assets | 901.26M | 902.16M | 817.59M | 879.20M | 880.74M | 851.15M |
| Cash, Cash Equivalents and Short-Term Investments | 81.12M | 45.86M | 39.18M | 31.08M | 59.58M | 34.74M |
| Total Debt | 415.39M | 424.14M | 269.70M | 301.60M | 306.04M | 320.96M |
| Total Liabilities | 445.32M | 456.64M | 308.77M | 340.89M | 340.75M | 352.93M |
| Stockholders Equity | 455.94M | 445.52M | 508.81M | 538.30M | 539.98M | 498.22M |
Cash Flow | ||||||
| Free Cash Flow | -85.74M | -116.61M | 125.54M | 65.78M | -71.28M | -62.19M |
| Operating Cash Flow | 50.43M | 19.84M | 128.16M | 139.44M | 24.13M | -44.46M |
| Investing Cash Flow | -49.09M | -89.70M | -2.62M | -73.67M | -14.34M | -3.46M |
| Financing Cash Flow | -23.82M | 70.98M | -115.05M | -95.67M | 9.01M | 30.51M |
Nordic American Tanker Technical Analysis
Positive
6.03
Price Trends
5.65
Negative
5.17
Positive
4.20
Positive
Market Momentum
-0.11
Positive
47.89
Neutral
54.65
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 6.03 is above the 20-day moving average (MA) of 5.44, above the 50-day MA of 5.65, and above the 200-day MA of 4.20, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 47.89 is Neutral, neither overbought nor oversold. The STOCH value of 54.65 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.83B | 9.21 | ― | 6.50% | 32.94% | 128.18% | |
78 Outperform | $670.79M | 11.48 | 9.01% | 2.80% | -13.22% | -42.17% | |
71 Outperform | $1.08B | 63.98 | <0.01% | 4.04% | 2.22% | -63.61% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | $1.58B | 46.19 | 3.21% | 12.24% | -16.39% | -44.25% | |
61 Neutral | $664.59M | 17.25 | 4.68% | 4.16% | -10.37% | -64.20% | |
54 Neutral | $1.14B | 21.01 | 11.76% | 10.65% | 4.65% | 49.74% |
* Energy Sector Average
NAT
Nordic American Tanker
5.39
2.99
124.96%
GNK
Genco Shipping
24.69
11.91
93.22%
SB
Safe Bulkers
6.50
2.85
78.03%
SFL
SFL Corporation
10.96
3.23
41.73%
ASC
Ardmore Shipping
16.44
7.26
79.07%
ECO
Okeanis Eco Tankers Corp.
47.74
28.24
144.80%
Nordic American Tanker Corporate Events
Nordic American Tankers Posts Strong Q4 2025, Extends 114-Quarter Dividend Streak
Mar 2, 2026
Nordic American Tankers reported that its fourth quarter 2025 was the strongest of the year, with average time charter equivalent earnings of $35,000 per day per ship, a $11.7 million net profit and $34.7 million in EBITDA, supported by a tight ma...
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.