Symbols / NAT $5.51 -5.33% Nordic American Tankers Limited

Energy • Oil & Gas Midstream • Bermuda • NYQ
NAT Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
About

Nordic American Tankers Limited, a tanker company, owns, operates, and charters double-hull tankers in Bermuda and internationally. As of December 31, 2024, the company fleet consisted of 20 Suezmax crude oil tankers. Nordic American Tankers Limited was incorporated in 1995 and is based in Hamilton, Bermuda.

Fundamentals
Scroll to Statements
Market Cap 1.17B Enterprise Value 1.55B Income 12.27M Sales 183.27M Book/sh 2.10 Cash/sh 0.22
Dividend Yield 8.08% Payout 6.00% Employees — IPO — P/E 91.83 Forward P/E 17.49
PEG 1.21 P/S 6.37 P/B 2.62 P/C — EV/EBITDA 17.67 EV/Sales 8.43
Quick Ratio 0.96 Current Ratio 2.24 Debt/Eq 95.20 LT Debt/Eq — EPS (ttm) 0.06 EPS next Y 0.32
EPS Growth 12.98% Revenue Growth -65.60% Earnings 2026-05-28 ROA 2.16% ROE 2.57% ROIC —
Gross Margin 63.48% Oper. Margin 34.77% Profit Margin 6.69% Shs Outstand 211.75M Shs Float 200.64M Short Float 6.17%
Short Ratio 2.06 Short Interest — 52W High 6.34 52W Low 2.46 Beta -0.50 Avg Volume 4.90M
Volume 11.99M Target Price $6.25 Recom Buy Prev Close $5.82 Price $5.51 Change -5.33%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.25
Mean price target
2. Current target
$5.51
Latest analyst target
3. DCF / Fair value
$-11.37
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$5.51
Low
$5.00
High
$7.50
Mean
$6.25

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-22 down Evercore ISI Group In-Line → Underperform $5
2025-11-28 main Jefferies Hold → Hold $4
2025-10-28 main Evercore ISI Group In-Line → In-Line $3
2025-08-28 main Jefferies Hold → Hold $3
2025-05-29 main Jefferies Hold → Hold $3
2025-02-28 main Jefferies Hold → Hold $3
2024-11-29 main Jefferies Hold → Hold $4
2024-11-14 main Jefferies Hold → Hold $4
2024-09-12 down Jefferies Buy → Hold $4
2024-08-30 main Evercore ISI Group In-Line → In-Line $4
2024-08-29 main Jefferies Buy → Buy $4
2024-05-29 main Jefferies Buy → Buy $5
2024-02-29 reit Jefferies Buy → Buy $6
2024-02-29 main Evercore ISI Group In-Line → In-Line $5
2023-08-29 main B. Riley Securities Buy → Buy $6
2023-05-22 reit Jefferies Buy → Buy $5
2023-02-28 main B. Riley Securities — → Buy $6
2023-02-27 main Jefferies — → Buy $5
2022-11-29 main Jefferies — → Buy $5
2022-09-06 up Jefferies Hold → Buy $4
News
RSS: Latest NAT news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
349.74
-10.71%
391.69
+15.43%
339.34
+77.60%
191.07
Operating Revenue
349.74
-10.71%
391.69
+15.43%
339.34
+77.60%
191.07
Cost Of Revenue
243.61
+1.12%
240.91
-15.28%
284.37
+7.60%
264.29
Reconciled Cost Of Revenue
243.61
+1.12%
240.91
-15.28%
284.37
+7.60%
264.29
Gross Profit
106.14
-29.61%
150.78
+174.28%
54.97
+175.08%
-73.22
Operating Expense
28.82
+25.93%
22.89
+21.77%
18.80
+71.89%
10.94
Selling General And Administration
28.82
+25.93%
22.89
+21.77%
18.80
+20.35%
15.62
General And Administrative Expense
28.82
+25.93%
22.89
+21.77%
18.80
+20.35%
15.62
Other Gand A
28.82
+25.93%
22.89
+21.77%
18.80
+20.35%
15.62
Other Operating Expenses
—
—
—
-4.68
Total Expenses
272.43
+3.27%
263.80
-12.99%
303.16
+10.15%
275.23
Total Operating Income As Reported
77.31
-39.55%
127.89
+205.47%
41.87
+128.98%
-144.46
EBITDA
132.67
-25.99%
179.27
+101.42%
89.00
+211.91%
-79.53
Normalized EBITDA
132.67
-25.99%
179.27
+115.18%
83.31
+533.58%
-19.21
Reconciled Depreciation
56.15
+9.25%
51.40
+1.94%
50.42
-26.23%
68.35
EBIT
76.52
-40.16%
127.87
+231.45%
38.58
+126.09%
-147.88
Total Unusual Items
0.00
0.00
-100.00%
5.69
+109.44%
-60.31
Total Unusual Items Excluding Goodwill
0.00
0.00
-100.00%
5.69
+109.44%
-60.31
Special Income Charges
0.00
0.00
-100.00%
5.69
+109.44%
-60.31
Impairment Of Capital Assets
0.00
0.00
-100.00%
0.31
-99.48%
60.31
Write Off
—
—
—
60.31
Net Income
46.64
-52.75%
98.71
+553.67%
15.10
+108.81%
-171.33
Pretax Income
46.63
-52.82%
98.83
+553.47%
15.12
+108.83%
-171.27
Net Non Operating Interest Income Expense
-30.68
-5.57%
-29.06
-8.66%
-26.74
+0.24%
-26.81
Interest Expense Non Operating
29.89
+2.92%
29.04
+23.81%
23.45
+0.27%
23.39
Net Interest Income
-30.68
-5.57%
-29.06
-8.66%
-26.74
+0.24%
-26.81
Interest Expense
29.89
+2.92%
29.04
+23.81%
23.45
+0.27%
23.39
Interest Income Non Operating
0.73
-43.86%
1.30
+389.47%
0.27
+8766.67%
0.00
Interest Income
0.73
-43.86%
1.30
+389.47%
0.27
+8766.67%
0.00
Other Income Expense
—
—
5.69
+109.44%
-60.31
Tax Provision
-0.01
-108.33%
0.12
+421.74%
0.02
-61.02%
0.06
Tax Rate For Calcs
0.00
+17198.19%
0.00
-20.18%
0.00
-99.44%
0.00
Tax Effect Of Unusual Items
0.00
0.00
-100.00%
0.01
+100.05%
-16.28
Net Income Including Noncontrolling Interests
46.64
-52.75%
98.71
+553.67%
15.10
+108.81%
-171.33
Net Income From Continuing Operation Net Minority Interest
46.64
-52.75%
98.71
+553.67%
15.10
+108.81%
-171.33
Net Income From Continuing And Discontinued Operation
46.64
-52.75%
98.71
+553.67%
15.10
+108.81%
-171.33
Net Income Continuous Operations
46.64
-52.75%
98.71
+553.67%
15.10
+108.81%
-171.33
Normalized Income
46.64
-52.75%
98.71
+948.04%
9.42
+107.40%
-127.30
Net Income Common Stockholders
46.64
-52.75%
98.71
+553.67%
15.10
+108.81%
-171.33
Diluted EPS
0.22
-53.19%
0.47
+571.43%
0.07
+109.59%
-0.73
Basic EPS
0.22
-53.19%
0.47
+571.43%
0.07
+109.59%
-0.73
Basic Average Shares
209.23
+0.21%
208.80
+3.35%
202.03
+24.29%
162.55
Diluted Average Shares
209.23
+0.21%
208.80
+3.35%
202.03
+24.29%
162.55
Diluted NI Availto Com Stockholders
46.64
-52.75%
98.71
+553.67%
15.10
+108.81%
-171.33
Gain On Sale Of PPE
0.00
0.00
-100.00%
6.00
0.00
Total Other Finance Cost
1.52
+15.06%
1.32
-62.83%
3.55
+4.01%
3.42
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
817.59
-7.01%
879.20
-0.08%
879.88
+3.38%
851.15
Current Assets
98.77
-9.31%
108.91
-23.66%
142.66
+33.19%
107.11
Cash And Cash Equivalents
39.18
+26.06%
31.08
-47.84%
59.58
+71.52%
34.74
Receivables
16.22
-38.29%
26.29
+28.39%
20.47
+118.41%
9.37
Accounts Receivable
16.22
-38.29%
26.29
+28.39%
20.47
+118.41%
9.37
Gross Accounts Receivable
211.22
+84.82%
114.29
-24.05%
150.47
+78.34%
84.37
Allowance For Doubtful Accounts Receivable
-195.00
-121.59%
-88.00
+32.31%
-130.00
-73.33%
-75.00
Inventory
21.93
-29.67%
31.18
+22.62%
25.43
+21.83%
20.87
Prepaid Assets
6.23
+44.18%
4.32
-27.72%
5.97
+23.27%
4.85
Restricted Cash
5.21
+128.08%
2.28
-38.61%
3.72
-62.47%
9.91
Assets Held For Sale Current
—
—
0.00
-100.00%
14.96
Other Current Assets
10.01
-27.28%
13.76
-49.93%
27.48
+121.51%
12.41
Total Non Current Assets
718.82
-6.68%
770.29
+4.49%
737.22
-0.92%
744.04
Net PPE
718.82
-6.68%
770.29
+4.51%
737.07
-0.68%
742.15
Gross PPE
1,238.41
+0.37%
1,233.82
+7.36%
1,149.26
-14.94%
1,351.08
Accumulated Depreciation
-519.59
-12.09%
-463.54
-12.46%
-412.19
+32.31%
-608.93
Machinery Furniture Equipment
1,235.61
+0.20%
1,233.09
+7.41%
1,148.05
+151758.47%
0.76
Construction In Progress
—
—
0.00
-100.00%
24.27
Other Properties
2.79
+281.17%
0.73
-39.37%
1.21
-34.89%
1.86
Non Current Deferred Assets
—
—
0.00
-100.00%
1.10
Other Non Current Assets
—
0.15
+4.73%
0.15
-81.45%
0.80
Total Liabilities Net Minority Interest
308.77
-9.42%
340.89
+0.29%
339.90
-3.69%
352.93
Current Liabilities
59.78
-15.17%
70.48
-2.67%
72.41
+7.05%
67.64
Payables And Accrued Expenses
31.65
-5.07%
33.34
+34.72%
24.75
-3.09%
25.54
Payables
15.52
-4.80%
16.30
+134.17%
6.96
+6.23%
6.55
Accounts Payable
4.26
+23.53%
3.45
-50.49%
6.96
+6.23%
6.55
Dividends Payable
8.47
-32.39%
12.53
0.00
—
Current Accrued Expenses
16.13
-5.32%
17.04
-4.19%
17.79
-6.31%
18.98
Pensionand Other Post Retirement Benefit Plans Current
0.60
-6.99%
0.64
—
—
Total Tax Payable
2.79
+760.80%
0.32
—
—
Current Debt And Capital Lease Obligation
21.56
-32.41%
31.90
-19.65%
39.70
+5.73%
37.55
Current Debt
21.56
-32.41%
31.90
-19.65%
39.70
+5.73%
37.55
Current Deferred Liabilities
5.63
+42.62%
3.95
-35.75%
6.15
+122.92%
2.76
Current Deferred Revenue
5.63
+42.62%
3.95
-35.75%
6.15
+122.92%
2.76
Other Current Liabilities
0.34
-46.91%
0.65
-64.42%
1.82
+0.94%
1.80
Total Non Current Liabilities Net Minority Interest
248.99
-7.92%
270.41
+1.09%
267.49
-6.24%
285.28
Long Term Debt And Capital Lease Obligation
248.14
-7.99%
269.70
+1.06%
266.87
-6.22%
284.56
Long Term Debt
248.14
-7.99%
269.70
+1.26%
266.34
-6.02%
283.41
Long Term Capital Lease Obligation
—
0.00
-100.00%
0.54
-53.44%
1.15
Other Non Current Liabilities
0.84
+17.85%
0.72
+16.59%
0.61
-15.06%
0.72
Stockholders Equity
508.81
-5.48%
538.33
-0.31%
539.98
+8.38%
498.22
Common Stock Equity
508.81
-5.48%
538.33
-0.31%
539.98
+8.38%
498.22
Capital Stock
2.12
+0.00%
2.12
+1.44%
2.09
+13.67%
1.84
Common Stock
2.12
+0.00%
2.12
+1.44%
2.09
+13.67%
1.84
Share Issued
211.75
+1.41%
208.80
+0.00%
208.80
+13.67%
183.69
Ordinary Shares Number
211.75
+1.41%
208.80
+0.00%
208.80
+13.67%
183.69
Additional Paid In Capital
519.39
-12.83%
595.83
-14.38%
695.93
+3.98%
669.30
Retained Earnings
-10.87
+81.10%
-57.52
+63.18%
-156.23
+8.81%
-171.33
Gains Losses Not Affecting Retained Earnings
-1.82
+12.99%
-2.09
-15.50%
-1.81
-14.67%
-1.58
Treasury Stock
0.00
0.00
0.00
—
Other Equity Adjustments
-1.82
+12.99%
-2.09
-15.50%
-1.81
-14.67%
-1.58
Total Equity Gross Minority Interest
508.81
-5.48%
538.30
-0.31%
539.98
+8.38%
498.22
Total Capitalization
756.96
-6.32%
808.03
+0.21%
806.32
+3.16%
781.63
Working Capital
38.99
+1.44%
38.43
-45.29%
70.25
+78.01%
39.46
Invested Capital
778.52
-7.31%
839.93
-0.72%
846.02
+3.28%
819.18
Total Debt
269.70
-10.57%
301.60
-1.62%
306.57
-4.82%
322.11
Net Debt
230.53
-14.78%
270.52
+9.76%
246.45
-13.89%
286.22
Capital Lease Obligations
—
0.00
-100.00%
0.54
-53.44%
1.15
Net Tangible Assets
508.81
-5.48%
538.33
-0.31%
539.98
+8.38%
498.22
Tangible Book Value
508.81
-5.48%
538.33
-0.31%
539.98
+8.38%
498.22
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
128.16
-8.09%
139.44
+477.79%
24.13
+154.28%
-44.46
Cash Flow From Continuing Operating Activities
128.16
-8.09%
139.44
+477.79%
24.13
+154.28%
-44.46
Net Income From Continuing Operations
46.64
-52.75%
98.71
+553.67%
15.10
+108.81%
-171.33
Depreciation Amortization Depletion
56.15
+9.25%
51.40
+1.94%
50.42
-26.23%
68.35
Depreciation
56.15
+9.25%
51.40
+1.94%
50.42
-26.23%
68.35
Depreciation And Amortization
56.15
+9.25%
51.40
+1.94%
50.42
-26.23%
68.35
Other Non Cash Items
-1.61
+80.32%
-8.20
-80.54%
-4.54
-18.68%
-3.83
Pension And Employee Benefit Expense
—
—
—
0.00
Stock Based Compensation
1.85
-16.16%
2.20
+362.82%
0.48
+40.41%
0.34
Asset Impairment Charge
0.00
0.00
-100.00%
0.31
-99.48%
60.31
Operating Gains Losses
—
—
-6.00
—
Unrealized Gain Loss On Investment Securities
—
—
0.00
0.00
Gain Loss On Sale Of PPE
0.00
0.00
+100.00%
-6.00
0.00
Change In Working Capital
25.13
+638.60%
-4.67
+85.25%
-31.63
-1966.14%
1.70
Change In Receivables
10.06
+273.15%
-5.81
+47.63%
-11.10
-266.94%
-3.02
Changes In Account Receivables
10.06
+273.15%
-5.81
+47.63%
-11.10
-266.94%
-3.02
Change In Inventory
9.25
+260.82%
-5.75
-26.22%
-4.56
-211.13%
-1.47
Change In Prepaid Assets
-2.76
-208.01%
2.56
+194.95%
-2.69
-1041.96%
0.29
Change In Payables And Accrued Expense
3.97
+146.83%
-8.48
-3785.65%
0.23
-98.04%
11.74
Change In Other Current Assets
4.61
-64.06%
12.82
+194.89%
-13.51
-131.16%
-5.84
Investing Cash Flow
-2.62
+96.44%
-73.67
-413.63%
-14.34
-313.94%
-3.46
Cash Flow From Continuing Investing Activities
-2.62
+96.44%
-73.67
-413.63%
-14.34
-313.94%
-3.46
Net PPE Purchase And Sale
-2.62
+96.44%
-73.67
-413.63%
-14.34
-313.94%
-3.46
Purchase Of PPE
-2.62
+96.44%
-73.67
+22.79%
-95.42
-438.26%
-17.73
Sale Of PPE
0.00
0.00
-100.00%
81.07
+468.46%
14.26
Capital Expenditure
-2.62
+96.44%
-73.67
+22.79%
-95.42
-438.26%
-17.73
Net Investment Purchase And Sale
—
—
0.00
0.00
Sale Of Investment
—
—
0.00
0.00
Financing Cash Flow
-115.05
-20.26%
-95.67
-1162.43%
9.01
-70.49%
30.51
Cash Flow From Continuing Financing Activities
-115.05
-20.26%
-95.67
-1162.43%
9.01
-70.49%
30.51
Net Issuance Payments Of Debt
-32.74
-527.22%
-5.22
+70.02%
-17.41
+55.06%
-38.74
Issuance Of Debt
0.00
-100.00%
54.00
-38.64%
88.00
0.00
Repayment Of Debt
-32.74
+44.71%
-59.22
+43.82%
-105.41
-172.11%
-38.74
Long Term Debt Issuance
0.00
-100.00%
54.00
-38.64%
88.00
0.00
Long Term Debt Payments
-32.74
+44.71%
-59.22
+43.82%
-105.41
-172.11%
-38.74
Net Long Term Debt Issuance
-32.74
-527.22%
-5.22
+70.02%
-17.41
+55.06%
-38.74
Short Term Debt Payments
—
—
—
0.00
Net Short Term Debt Issuance
—
—
—
0.00
Net Common Stock Issuance
5.38
0.00
-100.00%
49.10
-38.67%
80.05
Common Stock Payments
-3.55
0.00
0.00
—
Common Stock Dividend Paid
—
—
-22.68
-133.84%
-9.70
Cash Dividends Paid
-87.69
+2.33%
-89.78
-295.83%
-22.68
-133.84%
-9.70
Repurchase Of Capital Stock
-3.55
0.00
0.00
—
Net Other Financing Charges
—
-0.67
—
-1.10
Changes In Cash
10.49
+135.08%
-29.90
-259.06%
18.80
+207.96%
-17.41
Effect Of Exchange Rate Changes
0.54
+1318.18%
-0.04
+69.01%
-0.14
-1083.33%
-0.01
Beginning Cash Position
33.36
-47.30%
63.30
+41.78%
44.65
-28.07%
62.07
End Cash Position
44.38
+33.04%
33.36
-47.30%
63.30
+41.78%
44.65
Free Cash Flow
125.54
+90.86%
65.78
+192.27%
-71.28
-14.63%
-62.19
Interest Paid Supplemental Data
29.89
+2.93%
29.04
+23.81%
23.45
+0.27%
23.39
Income Tax Paid Supplemental Data
0.01
-56.52%
0.02
-61.02%
0.06
-7.81%
0.06
Common Stock Issuance
8.93
0.00
-100.00%
49.10
-38.67%
80.05
Issuance Of Capital Stock
8.93
0.00
-100.00%
49.10
-38.67%
80.05
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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