Want to see NAT full AI Analyst Report?
Top Page
Nordic American Tanker
(NYSE:NAT)
Select Model
Select Model
Rating:63Neutral
Price Target:
$7.00
▲(16.09% Upside)
Action:Reiterated
Date:06/25/26
The score is anchored by mixed financial performance: solid recent profitability is outweighed by materially negative TTM free cash flow and rising leverage, which are key risks in a cyclical shipping business. Technicals are supportive with a strong uptrend, though overbought readings add near-term volatility risk. Valuation is balanced by a very high dividend yield but offset by an elevated P/E for the cycle.
Positive Factors
High fleet employment visibility
Contracted employment covering ~90% of the fleet at elevated daily rates provides multi-quarter revenue visibility, reducing near-term spot exposure. That durable booking profile supports predictable cash inflows for debt service and dividend payouts while management books voyages into Q3.
Negative Factors
Deeply negative free cash flow
Material negative free cash flow over the trailing twelve months signals operations aren’t self-funding all capex and distributions. This creates reliance on external financing or asset sales, raising liquidity and sustainability risk for dividends and capital commitments if market conditions soften.
Read all positive and negative factors
Positive Factors
Negative Factors
High fleet employment visibility
Contracted employment covering ~90% of the fleet at elevated daily rates provides multi-quarter revenue visibility, reducing near-term spot exposure. That durable booking profile supports predictable cash inflows for debt service and dividend payouts while management books voyages into Q3.
Read all positive factors
Nordic American Tanker (NAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.24B
Dividend Yield10.65%
Average Volume (3M)3.43M
Price to Earnings (P/E)22.4
Beta (1Y)0.59
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. Volume4,120,476
30 Day Avg. Volume3,431,832
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 Cap1.22
Enterprise Value/Revenue4.53
Enterprise Value/Gross Profit15.56
Enterprise Value/Ebitda10.11
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
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 primarily makes money by chartering out its crude oil tankers to customers that need to move crude oil between global ports. Its main revenue stream is freight income earned under vessel charter agreements, which can include time charters (ear...
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 | 149.80M | 105.76M | 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 | -47.09M | -87.70M | -2.62M | -73.67M | -14.34M | -3.46M |
| Financing Cash Flow | -25.81M | 68.99M | -115.05M | -95.67M | 9.01M | 30.51M |
Nordic American Tanker Technical Analysis
Positive
6.03
Price Trends
5.44
Positive
5.22
Positive
4.24
Positive
Market Momentum
0.25
Negative
56.14
Neutral
66.03
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 5.50, above the 50-day MA of 5.44, and above the 200-day MA of 4.24, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 56.14 is Neutral, neither overbought nor oversold. The STOCH value of 66.03 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $616.94M | 10.82 | 9.01% | 2.80% | -13.22% | -42.17% | |
74 Outperform | $1.91B | 8.91 | ― | 6.50% | 32.94% | 128.18% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $650.67M | 14.35 | 4.68% | 4.16% | -1.56% | -33.49% | |
63 Neutral | $1.24B | 22.40 | 11.76% | 10.65% | 4.65% | 49.74% | |
63 Neutral | $1.52B | 42.99 | 3.21% | 12.24% | -16.39% | -44.25% | |
58 Neutral | $1.03B | 64.92 | <0.01% | 4.04% | 2.22% | -63.61% |
* Energy Sector Average
NAT
Nordic American Tanker
5.78
3.49
152.73%
GNK
Genco Shipping
24.39
12.02
97.15%
SB
Safe Bulkers
6.36
2.85
81.40%
SFL
SFL Corporation
10.36
2.72
35.69%
ASC
Ardmore Shipping
14.39
5.20
56.58%
ECO
Okeanis Eco Tankers Corp.
49.60
30.23
156.09%
Nordic American Tanker Corporate Events
Nordic American Tankers Lifts Q1 2026 Dividend as Earnings Surge on Strong Suezmax Market
Jun 1, 2026
Nordic American Tankers reported that market conditions for its Suezmax tanker operations in the first quarter of 2026 were the strongest in decades, driving a sharp earnings surge and another increase in shareholder payouts. For the quarter ended...
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.