Nordic American Tanker (NAT)
NYSE:NAT
Top Page
Nordic American Tanker
(NYSE:NAT)
Select Model
Select Model
Rating:51Neutral
Price Target:
$6.00
▲(1.01% Upside)
Action:ReiteratedDate:03/01/26
The score is held back primarily by weakening financial performance—especially the sharp 2025 cash-flow decline and higher leverage—alongside a very high P/E. Technicals are supportive due to a strong uptrend, but extremely overbought momentum signals add near-term risk, and the high dividend yield only partially offsets valuation concerns.
Positive Factors
Consistent dividend track record
A 114-quarter dividend streak indicates a durable shareholder return policy and management commitment to distributions. That consistency supports investor confidence and signals stable cash allocation priorities, which can persist through shipping cycles if cash and financing permits.
Negative Factors
Sharp cash-flow deterioration
A swing to deeply negative free cash flow undermines the company's ability to fund dividends, capex and debt service from operations. Continued weak cash generation increases reliance on financing or asset sales and elevates execution risk over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent dividend track record
A 114-quarter dividend streak indicates a durable shareholder return policy and management commitment to distributions. That consistency supports investor confidence and signals stable cash allocation priorities, which can persist through shipping cycles if cash and financing permits.
Read all positive factors
Nordic American Tanker (NAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.26B
Dividend Yield10.65%
Average Volume (3M)6.08M
Price to Earnings (P/E)59.4
Beta (1Y)0.70
Revenue Growth-16.03%
EPS Growth-97.01%
CountryUS
Employees15
SectorEnergy
Sector Strength52
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.06
Shares Outstanding211,750,660
10 Day Avg. Volume5,017,907
30 Day Avg. Volume6,078,604
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 Cap1.31
Enterprise Value/Revenue5.63
Enterprise Value/Gross Profit28.46
Enterprise Value/Ebitda15.65
Forecast
1Y Price Target
$7.50Price Target Upside26.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.47
Revenue Forecast (FY)$270.47M
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
54
Neutral
Balance Sheet
58
Neutral
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 292.42M | 349.74M | 391.69M | 339.34M | 195.76M |
| Gross Profit | 57.87M | 106.14M | 150.78M | 54.97M | -68.53M |
| EBITDA | 86.73M | 133.52M | 180.73M | 92.60M | -24.69M |
| Net Income | 12.27M | 46.64M | 98.71M | 15.10M | -119.42M |
Balance Sheet | |||||
| Total Assets | 902.16M | 817.59M | 879.20M | 880.74M | 851.15M |
| Cash, Cash Equivalents and Short-Term Investments | 45.86M | 39.18M | 31.08M | 59.58M | 34.74M |
| Total Debt | 424.14M | 269.70M | 301.60M | 306.04M | 320.96M |
| Total Liabilities | 456.64M | 308.77M | 340.89M | 340.75M | 352.93M |
| Stockholders Equity | 445.52M | 508.81M | 538.30M | 539.98M | 498.22M |
Cash Flow | |||||
| Free Cash Flow | -116.61M | 125.54M | 65.78M | -71.28M | -62.19M |
| Operating Cash Flow | 19.84M | 128.16M | 139.44M | 24.13M | -44.46M |
| Investing Cash Flow | -89.70M | -2.62M | -73.67M | -14.34M | -3.46M |
| Financing Cash Flow | 70.98M | -115.05M | -95.67M | 9.01M | 30.51M |
Nordic American Tanker Technical Analysis
Positive
5.94
Price Trends
5.00
Positive
4.26
Positive
3.55
Positive
Market Momentum
0.28
Negative
61.53
Neutral
80.25
Negative
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 5.94 is above the 20-day moving average (MA) of 5.55, above the 50-day MA of 5.00, and above the 200-day MA of 3.55, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 61.53 is Neutral, neither overbought nor oversold. The STOCH value of 80.25 is Negative, 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.92B | 8.98 | ― | 6.50% | -12.47% | -34.41% | |
69 Neutral | $1.02B | 13.01 | -0.49% | 4.04% | -24.58% | -110.22% | |
69 Neutral | $623.06M | 12.03 | 6.37% | 2.80% | -26.81% | -78.30% | |
66 Neutral | $662.55M | 12.88 | 4.68% | 4.16% | -13.74% | -59.37% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | $1.59B | -39.32 | -2.63% | 12.24% | -11.10% | -101.57% | |
51 Neutral | $1.26B | 59.37 | 2.59% | 10.65% | -16.03% | -97.01% |
* Energy Sector Average
NAT
Nordic American Tanker
5.94
3.85
184.62%
GNK
Genco Shipping
23.47
11.60
97.74%
SB
Safe Bulkers
6.48
3.34
106.11%
SFL
SFL Corporation
10.99
4.05
58.27%
ASC
Ardmore Shipping
15.27
6.52
74.55%
ECO
Okeanis Eco Tankers Corp.
50.03
31.68
172.63%
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.