Nordic American Tankers Limited (NAT) AI Stock Analysis

Headquartered in Hamilton, Bermuda, Nordic American Tankers Limited specializes in the acquisition and chartering of double-hull tankers worldwide. The company operates a dedicated fleet of 24 Suezmax crude oil tankers positioned to serve international oil transportation markets. Originally incorporated in 1995 as Nordic American Tanker Shipping Limited, the firm rebranded under its current name in June 2011 to reflect its ongoing maritime focus. The business adheres to international safety standards and environmental regulations while delivering crude oil across major ocean routes to global clients.

Annual revenue declined from $391.7M in FY2023 to $349.7M in FY2024, before falling 16.4% to $292.4M in FY2025, contributing to a five-year revenue CAGR of -3.8%. Net income shifted from $98.7M in FY2023 down to $12.3M in FY2025, alongside an operating margin drop from 32.7% to 9.9%. Over the trailing twelve months, operations recovered to deliver $371.1M in revenue and an operating margin of 51.9%. For the latest quarter ended June 30, 2026, quarterly revenue climbed 97.5% year-over-year and quarterly earnings expanded 990.3%, bringing trailing twelve-month diluted EPS to $0.59.

As of June 30, 2026, Nordic American Tankers held $133.3M in cash and short-term investments against $406.6M in total debt, resulting in net debt of $273.3M. The company reported a current ratio of 3.27 and a debt-to-equity ratio of 0.85 against $477.6M in shareholders' equity. In FY2025, operating cash flow totaled $19.8M, but capital expenditures of $136.4M drove free cash flow to -$116.6M. Cash deployment in FY2025 also included $84.7M in dividends paid, while the share count grew 18.7% over five years.

Nordic American Tankers trades at an enterprise value of $1.89B and a trailing P/E of 13.0x, which is below the 15.0x median of its US-listed Energy peers. Its forward P/E of 14.0x, price-to-sales of 4.4x, and EV/EBITDA of 11.9x sit above peer medians of 12.7x, 1.8x, and 8.0x, respectively. Over the trailing 1-year period, the stock gained 162.3% compared to a 16.8% return for the S&P 500 (SPY), and its 5-year return of 422.6% similarly outpaced the index gain of 83.0%.

Nordic American Tankers distributes a quarterly dividend with an annual forward dividend of $1.08, providing a dividend yield of 14.10%. The company has maintained dividend payments for 30 consecutive years, although its five-year annualized dividend growth declined 4.4%. The trailing payout ratio stands at 1.7%, and its most recent ex-dividend date was September 10, 2026.

Analyst coverage consists of 2 ratings: 1 Strong Buy and 1 Strong Sell. The mean price target is $7.50, implying a 2.1% decline relative to the last closing price of $7.66. For FY2026, consensus estimates project revenue of $302.3M and EPS of $0.78, indicating 3904.9% annual EPS growth. For FY2027, expectations anticipate revenue falling 7.4% to $280.0M and EPS declining 41.7% to $0.46. The company beat EPS estimates in 2 of the last 4 quarters, and the next earnings date is November 27, 2026.

This page is an AI-written research summary of Nordic American Tankers Limited (NAT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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