Symbols / NAT Stock $5.26 +0.77% Nordic American Tankers Limited

Energy • Oil & Gas Midstream • Bermuda • NYQ
NAT (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Energy
Industry Oil & Gas Midstream
CEO Mr. Herbjorn Hansson
Exch · Country NYQ · Bermuda
Market Cap 1.11B
Enterprise Value 1.45B
Income 54.32M
Sales 333.79M
FCF (ttm) -98.51M
Book/sh 2.10
Cash/sh 0.38
Employees 18
Insider 10d —
IPO Sep 30, 1997
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 181.74%
P/E 20.23
Forward P/E 17.83
PEG 1.21
P/S 3.34
P/B 2.50
P/C —
EV/EBITDA 11.40
EV/Sales 4.34
Quick Ratio 1.60
Current Ratio 3.00
Debt/Eq 91.11
LT Debt/Eq —
EPS (ttm) 0.26
EPS next Y 0.29
EPS Growth 9.90%
Revenue Growth 109.00%
EPS Gr Q/Q 9.90%
Rev Gr Q/Q —
Earnings (next) 2026-08-27
Earnings (prior) 2026-05-27
ROA 4.84%
ROE 11.36%
ROIC —
Gross Margin 47.22%
Oper. Margin 50.64%
Profit Margin 16.27%
Shs Outstand 211.75M
Shs Float 200.25M
Insider Own 5.43%
Instit Own 49.94%
Short Float 9.16%
Short Ratio 4.75
Short Interest 18.36M
52W High 6.34
vs 52W High -17.03%
52W Low 2.60
vs 52W Low 102.31%
Beta -0.52
Impl. Vol. 6.25%
Rel Volume 0.47
Avg Volume 4.46M
Volume 2.08M
Target (mean) $6.00
Tgt Median $6.00
Tgt Low $4.50
Tgt High $7.50
# Analysts 2
Recom Hold
Prev Close $5.22
Price $5.26
Change 0.77%
About

Nordic American Tankers Limited, a tanker company, owns, operates, and charters double-hull tankers in Bermuda and internationally. As of December 31, 2025, the company fleet consisted of 20 Suezmax crude oil tankers. It serves oil companies, oil traders, and other entities requiring crude oil transportation services. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to American Tankers Limited in June, 2011. The company was incorporated in 1995 and is based in Hamilton, Bermuda.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.00
Mean price target
2. Current target
$5.26
Latest analyst target
3. DCF / Fair value
$-8.37
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$5.26
Low
$4.50
High
$7.50
Mean
$6.00

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 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
291.69
-16.60%
349.74
-10.71%
391.69
+15.43%
339.34
Operating Revenue
291.69
-16.60%
349.74
-10.71%
391.69
+15.43%
339.34
Cost Of Revenue
234.55
-3.72%
243.61
+1.12%
240.91
-15.28%
284.37
Reconciled Cost Of Revenue
234.55
-3.72%
243.61
+1.12%
240.91
-15.28%
284.37
Gross Profit
57.14
-46.17%
106.14
-29.61%
150.78
+174.28%
54.97
Operating Expense
27.41
-4.90%
28.82
+25.93%
22.89
+21.77%
18.80
Selling General And Administration
28.14
-2.37%
28.82
+25.93%
22.89
+21.77%
18.80
General And Administrative Expense
28.14
-2.37%
28.82
+25.93%
22.89
+21.77%
18.80
Other Gand A
28.14
-2.37%
28.82
+25.93%
22.89
+21.77%
18.80
Other Operating Expenses
-0.73
—
—
—
Total Expenses
261.97
-3.84%
272.43
+3.27%
263.80
-12.99%
303.16
Operating Income
29.72
—
—
—
Total Operating Income As Reported
46.34
-40.05%
77.31
-39.55%
127.89
+205.47%
41.87
EBITDA
105.06
-20.81%
132.67
-25.99%
179.27
+101.42%
89.00
Normalized EBITDA
88.44
-33.34%
132.67
-25.99%
179.27
+115.18%
83.31
Reconciled Depreciation
57.73
+2.82%
56.15
+9.25%
51.40
+1.94%
50.42
EBIT
47.33
-38.15%
76.52
-40.16%
127.87
+231.45%
38.58
Total Unusual Items
16.62
0.00
0.00
-100.00%
5.69
Total Unusual Items Excluding Goodwill
16.62
0.00
0.00
-100.00%
5.69
Special Income Charges
16.62
0.00
0.00
-100.00%
5.69
Impairment Of Capital Assets
—
0.00
0.00
-100.00%
0.31
Write Off
—
—
—
—
Net Income
12.27
-73.69%
46.64
-52.75%
98.71
+553.67%
15.10
Pretax Income
12.32
-73.58%
46.63
-52.82%
98.83
+553.47%
15.12
Net Non Operating Interest Income Expense
-34.03
-10.91%
-30.68
-5.57%
-29.06
-8.66%
-26.74
Interest Expense Non Operating
35.01
+17.12%
29.89
+2.92%
29.04
+23.81%
23.45
Net Interest Income
-34.03
-10.91%
-30.68
-5.57%
-29.06
-8.66%
-26.74
Interest Expense
35.01
+17.12%
29.89
+2.92%
29.04
+23.81%
23.45
Interest Income Non Operating
1.61
+119.97%
0.73
-43.86%
1.30
+389.47%
0.27
Interest Income
1.61
+119.97%
0.73
-43.86%
1.30
+389.47%
0.27
Other Income Expense
16.62
—
—
5.69
Tax Provision
0.05
+580.00%
-0.01
-108.33%
0.12
+421.74%
0.02
Tax Rate For Calcs
0.00
-98.14%
0.00
+17198.19%
0.00
-20.18%
0.00
Tax Effect Of Unusual Items
0.06
0.00
0.00
-100.00%
0.01
Net Income Including Noncontrolling Interests
12.27
-73.69%
46.64
-52.75%
98.71
+553.67%
15.10
Net Income From Continuing Operation Net Minority Interest
12.27
-73.69%
46.64
-52.75%
98.71
+553.67%
15.10
Net Income From Continuing And Discontinued Operation
12.27
-73.69%
46.64
-52.75%
98.71
+553.67%
15.10
Net Income Continuous Operations
12.27
-73.69%
46.64
-52.75%
98.71
+553.67%
15.10
Normalized Income
-4.29
-109.19%
46.64
-52.75%
98.71
+948.04%
9.42
Net Income Common Stockholders
12.27
-73.69%
46.64
-52.75%
98.71
+553.67%
15.10
Diluted EPS
—
0.22
-53.19%
0.47
+571.43%
0.07
Basic EPS
—
0.22
-53.19%
0.47
+571.43%
0.07
Basic Average Shares
—
209.23
+0.21%
208.80
+3.35%
202.03
Diluted Average Shares
—
209.23
+0.21%
208.80
+3.35%
202.03
Diluted NI Availto Com Stockholders
12.27
-73.69%
46.64
-52.75%
98.71
+553.67%
15.10
Gain On Sale Of PPE
16.62
0.00
0.00
-100.00%
6.00
Total Other Finance Cost
0.63
-58.75%
1.52
+15.06%
1.32
-62.83%
3.55
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
902.16
+10.34%
817.59
-7.01%
879.20
-0.08%
879.88
Current Assets
150.87
+52.75%
98.77
-9.31%
108.91
-23.66%
142.66
Cash Cash Equivalents And Short Term Investments
45.86
—
—
—
Cash And Cash Equivalents
45.86
+17.07%
39.18
+26.06%
31.08
-47.84%
59.58
Receivables
19.04
+17.36%
16.22
-38.29%
26.29
+28.39%
20.47
Accounts Receivable
19.04
+17.36%
16.22
-38.29%
26.29
+28.39%
20.47
Gross Accounts Receivable
425.14
+101.28%
211.22
+84.82%
114.29
-24.05%
150.47
Allowance For Doubtful Accounts Receivable
-406.10
-108.26%
-195.00
-121.59%
-88.00
+32.31%
-130.00
Inventory
19.93
-9.12%
21.93
-29.67%
31.18
+22.62%
25.43
Prepaid Assets
8.40
+34.91%
6.23
+44.18%
4.32
-27.72%
5.97
Restricted Cash
0.00
-100.00%
5.21
+128.08%
2.28
-38.61%
3.72
Assets Held For Sale Current
36.02
0.00
—
0.00
Other Current Assets
21.62
+116.06%
10.01
-27.28%
13.76
-49.93%
27.48
Total Non Current Assets
751.30
+4.52%
718.82
-6.68%
770.29
+4.49%
737.22
Net PPE
751.30
+4.52%
718.82
-6.68%
770.29
+4.51%
737.07
Gross PPE
1,256.21
+1.44%
1,238.41
+0.37%
1,233.82
+7.36%
1,149.26
Accumulated Depreciation
-504.92
+2.82%
-519.59
-12.09%
-463.54
-12.46%
-412.19
Machinery Furniture Equipment
1,253.76
+1.47%
1,235.61
+0.20%
1,233.09
+7.41%
1,148.05
Construction In Progress
—
—
—
0.00
Other Properties
2.45
-12.38%
2.79
+281.17%
0.73
-39.37%
1.21
Non Current Deferred Assets
—
—
—
0.00
Other Non Current Assets
—
—
0.15
+4.73%
0.15
Total Liabilities Net Minority Interest
456.64
+47.89%
308.77
-9.42%
340.89
+0.29%
339.90
Current Liabilities
67.42
+12.77%
59.78
-15.17%
70.48
-2.67%
72.41
Payables And Accrued Expenses
27.31
-13.71%
31.65
-5.07%
33.34
+34.72%
24.75
Payables
3.52
-77.33%
15.52
-4.80%
16.30
+134.17%
6.96
Accounts Payable
2.53
-40.62%
4.26
+23.53%
3.45
-50.49%
6.96
Dividends Payable
0.00
-100.00%
8.47
-32.39%
12.53
0.00
Current Accrued Expenses
23.79
+47.47%
16.13
-5.32%
17.04
-4.19%
17.79
Pensionand Other Post Retirement Benefit Plans Current
0.63
+4.84%
0.60
-6.99%
0.64
—
Total Tax Payable
0.99
-64.54%
2.79
+760.80%
0.32
—
Current Debt And Capital Lease Obligation
35.40
+64.21%
21.56
-32.41%
31.90
-19.65%
39.70
Current Debt
35.40
+64.21%
21.56
-32.41%
31.90
-19.65%
39.70
Current Deferred Liabilities
3.84
-31.89%
5.63
+42.62%
3.95
-35.75%
6.15
Current Deferred Revenue
3.84
-31.89%
5.63
+42.62%
3.95
-35.75%
6.15
Other Current Liabilities
0.24
-29.65%
0.34
-46.91%
0.65
-64.42%
1.82
Total Non Current Liabilities Net Minority Interest
389.22
+56.32%
248.99
-7.92%
270.41
+1.09%
267.49
Long Term Debt And Capital Lease Obligation
388.74
+56.66%
248.14
-7.99%
269.70
+1.06%
266.87
Long Term Debt
388.74
+56.66%
248.14
-7.99%
269.70
+1.26%
266.34
Long Term Capital Lease Obligation
—
—
0.00
-100.00%
0.54
Other Non Current Liabilities
0.48
-42.84%
0.84
+17.85%
0.72
+16.59%
0.61
Stockholders Equity
445.52
-12.44%
508.81
-5.48%
538.33
-0.31%
539.98
Common Stock Equity
445.52
-12.44%
508.81
-5.48%
538.33
-0.31%
539.98
Capital Stock
2.12
+0.00%
2.12
+0.00%
2.12
+1.44%
2.09
Common Stock
2.12
+0.00%
2.12
+0.00%
2.12
+1.44%
2.09
Share Issued
211.75
+0.00%
211.75
+1.41%
208.80
+0.00%
208.80
Ordinary Shares Number
211.75
+0.00%
211.75
+1.41%
208.80
+0.00%
208.80
Additional Paid In Capital
443.16
-14.68%
519.39
-12.83%
595.83
-14.38%
695.93
Retained Earnings
1.40
+112.86%
-10.87
+81.10%
-57.52
+63.18%
-156.23
Gains Losses Not Affecting Retained Earnings
-1.16
+36.61%
-1.82
+12.99%
-2.09
-15.50%
-1.81
Treasury Stock
0.00
0.00
0.00
0.00
Other Equity Adjustments
-1.16
+36.61%
-1.82
+12.99%
-2.09
-15.50%
-1.81
Total Equity Gross Minority Interest
445.52
-12.44%
508.81
-5.48%
538.30
-0.31%
539.98
Total Capitalization
834.26
+10.21%
756.96
-6.32%
808.03
+0.21%
806.32
Working Capital
83.45
+114.05%
38.99
+1.44%
38.43
-45.29%
70.25
Invested Capital
869.66
+11.71%
778.52
-7.31%
839.93
-0.72%
846.02
Total Debt
424.14
+57.26%
269.70
-10.57%
301.60
-1.62%
306.57
Net Debt
378.28
+64.09%
230.53
-14.78%
270.52
+9.76%
246.45
Capital Lease Obligations
—
—
0.00
-100.00%
0.54
Net Tangible Assets
445.52
-12.44%
508.81
-5.48%
538.33
-0.31%
539.98
Tangible Book Value
445.52
-12.44%
508.81
-5.48%
538.33
-0.31%
539.98
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
19.82
-84.53%
128.16
-8.09%
139.44
+477.79%
24.13
Cash Flow From Continuing Operating Activities
19.82
-84.53%
128.16
-8.09%
139.44
+477.79%
24.13
Net Income From Continuing Operations
12.27
-73.69%
46.64
-52.75%
98.71
+553.67%
15.10
Depreciation Amortization Depletion
57.73
+2.82%
56.15
+9.25%
51.40
+1.94%
50.42
Depreciation
57.73
+2.82%
56.15
+9.25%
51.40
+1.94%
50.42
Depreciation And Amortization
57.73
+2.82%
56.15
+9.25%
51.40
+1.94%
50.42
Other Non Cash Items
-16.30
-910.10%
-1.61
+80.32%
-8.20
-80.54%
-4.54
Pension And Employee Benefit Expense
—
—
—
—
Stock Based Compensation
0.00
-100.00%
1.85
-16.16%
2.20
+362.82%
0.48
Asset Impairment Charge
0.00
0.00
0.00
-100.00%
0.31
Operating Gains Losses
-16.62
—
—
-6.00
Unrealized Gain Loss On Investment Securities
—
—
—
0.00
Gain Loss On Sale Of PPE
-16.62
0.00
0.00
+100.00%
-6.00
Change In Working Capital
-17.26
-168.67%
25.13
+638.60%
-4.67
+85.25%
-31.63
Change In Receivables
-2.88
-128.58%
10.06
+273.15%
-5.81
+47.63%
-11.10
Changes In Account Receivables
-2.88
-128.58%
10.06
+273.15%
-5.81
+47.63%
-11.10
Change In Inventory
2.00
-78.38%
9.25
+260.82%
-5.75
-26.22%
-4.56
Change In Prepaid Assets
-2.79
-1.01%
-2.76
-208.01%
2.56
+194.95%
-2.69
Change In Payables And Accrued Expense
-2.59
-165.34%
3.97
+146.83%
-8.48
-3785.65%
0.23
Change In Other Current Assets
-11.00
-338.68%
4.61
-64.06%
12.82
+194.89%
-13.51
Investing Cash Flow
-87.70
-3247.29%
-2.62
+96.44%
-73.67
-413.63%
-14.34
Cash Flow From Continuing Investing Activities
-87.70
-3247.29%
-2.62
+96.44%
-73.67
-413.63%
-14.34
Net PPE Purchase And Sale
-87.70
-3247.29%
-2.62
+96.44%
-73.67
-413.63%
-14.34
Purchase Of PPE
-134.45
-5031.68%
-2.62
+96.44%
-73.67
+22.79%
-95.42
Sale Of PPE
46.75
0.00
0.00
-100.00%
81.07
Capital Expenditure
-134.45
-5031.68%
-2.62
+96.44%
-73.67
+22.79%
-95.42
Net Investment Purchase And Sale
—
—
—
0.00
Sale Of Investment
—
—
—
0.00
Financing Cash Flow
68.99
+159.97%
-115.05
-20.26%
-95.67
-1162.43%
9.01
Cash Flow From Continuing Financing Activities
68.99
+159.97%
-115.05
-20.26%
-95.67
-1162.43%
9.01
Net Issuance Payments Of Debt
156.21
+577.10%
-32.74
-527.22%
-5.22
+70.02%
-17.41
Issuance Of Debt
190.66
0.00
-100.00%
54.00
-38.64%
88.00
Repayment Of Debt
-34.45
-5.23%
-32.74
+44.71%
-59.22
+43.82%
-105.41
Long Term Debt Issuance
190.66
0.00
-100.00%
54.00
-38.64%
88.00
Long Term Debt Payments
-34.45
-5.23%
-32.74
+44.71%
-59.22
+43.82%
-105.41
Net Long Term Debt Issuance
156.21
+577.10%
-32.74
-527.22%
-5.22
+70.02%
-17.41
Short Term Debt Payments
—
—
—
—
Net Short Term Debt Issuance
—
—
—
—
Net Common Stock Issuance
0.00
-100.00%
5.38
0.00
-100.00%
49.10
Common Stock Payments
0.00
+100.00%
-3.55
0.00
0.00
Common Stock Dividend Paid
—
—
—
-22.68
Cash Dividends Paid
-84.70
+3.42%
-87.69
+2.33%
-89.78
-295.83%
-22.68
Repurchase Of Capital Stock
0.00
+100.00%
-3.55
0.00
0.00
Net Other Financing Charges
-2.51
—
-0.67
—
Changes In Cash
1.12
-89.34%
10.49
+135.08%
-29.90
-259.06%
18.80
Effect Of Exchange Rate Changes
0.36
-32.65%
0.54
+1318.18%
-0.04
+69.01%
-0.14
Beginning Cash Position
44.38
+33.04%
33.36
-47.30%
63.30
+41.78%
44.65
End Cash Position
45.86
+3.33%
44.38
+33.04%
33.36
-47.30%
63.30
Free Cash Flow
-114.63
-191.31%
125.54
+90.86%
65.78
+192.27%
-71.28
Interest Paid Supplemental Data
35.01
+17.12%
29.89
+2.93%
29.04
+23.81%
23.45
Income Tax Paid Supplemental Data
0.03
+230.00%
0.01
-56.52%
0.02
-61.02%
0.06
Common Stock Issuance
0.00
-100.00%
8.93
0.00
-100.00%
49.10
Issuance Of Capital Stock
0.00
-100.00%
8.93
0.00
-100.00%
49.10
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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