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Nordic American Tankers Limited logo

Nordic American Tankers Limited

NAT

NYSEIndustrialsMarine Shipping

Open in GoAI

Previous close

$6.97

−$0.02 · -0.29%

Aug 21, 4:00 PM ET

NAT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

51

Fair Value

Momentum

68

Gaining

Sentiment

49

Mixed

Risk resilience

64

Moderate Risk

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Company profile

Company website

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 as within Bermuda, and it currently manages a fleet of 24 Suezmax-class crude oil tankers. In June 2011, the firm changed its name to Nordic American Tankers Limited, having previously operated as Nordic American Tanker Shipping Limited.

Industry
Marine Shipping
Sector
Industrials
Headquarters
BM
CEO
Herbjorn Hansson
Listed since
Sep 30, 1997
Employees
18

Market position

Day range

Current $6.97

52-week range

Current $6.97

Open
$7.10
Previous close
$6.99
Volume
3.54M
0.94× average
Average volume
3.78M
Average daily volume
Market cap
1.48B USD
Beta
-0.52
Market reference 1
50-day average
$6.212
+12.20% above average
200-day average
$5.0917
+36.89% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
27.02×
P/B (TTM)
3.24×
P/S (TTM)
4.42×
Dividend yield
8.90%

Profitability & efficiency

Gross margin
29.13%
Operating margin
19.76%
Net margin
16.26%

Financial health

Debt / equity
0.91×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends48%9%-31%-71%Gross margin, FY2021: -35.01%Gross margin, FY2022: 16.20%Gross margin, FY2023: 38.50%Gross margin, FY2024: 30.35%Gross margin, FY2025: 19.79%Operating margin, FY2021: -42.99%Operating margin, FY2022: 10.66%Operating margin, FY2023: 32.65%Operating margin, FY2024: 22.11%Operating margin, FY2025: 9.92%Net margin, FY2021: -61.01%Net margin, FY2022: 4.45%Net margin, FY2023: 25.20%Net margin, FY2024: 13.34%Net margin, FY2025: 4.20%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -35.01%. Gross margin FY2022 16.20%. Gross margin FY2023 38.50%. Gross margin FY2024 30.35%. Gross margin FY2025 19.79%. Operating margin FY2021 -42.99%. Operating margin FY2022 10.66%. Operating margin FY2023 32.65%. Operating margin FY2024 22.11%. Operating margin FY2025 9.92%. Net margin FY2021 -61.01%. Net margin FY2022 4.45%. Net margin FY2023 25.20%. Net margin FY2024 13.34%. Net margin FY2025 4.20%.

Income trends

Revenue

292.42M USD-16.39%

Operating income

28.99M USD-62.50%

Net income

12.27M USD-73.69%
Income trends across reported periods442.8M USD238.35M USD33.91M USD−170.53M USDRevenue, FY2021: 195.76M USDRevenue, FY2022: 339.34M USDRevenue, FY2023: 391.69M USDRevenue, FY2024: 349.74M USDRevenue, FY2025: 292.42M USDOperating income, FY2021: −84.15M USDOperating income, FY2022: 36.18M USDOperating income, FY2023: 127.89M USDOperating income, FY2024: 77.31M USDOperating income, FY2025: 28.99M USDNet income, FY2021: −119.42M USDNet income, FY2022: 15.1M USDNet income, FY2023: 98.71M USDNet income, FY2024: 46.64M USDNet income, FY2025: 12.27M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 195.76M USD. Revenue FY2022 339.34M USD. Revenue FY2023 391.69M USD. Revenue FY2024 349.74M USD. Revenue FY2025 292.42M USD. Operating income FY2021 −84.15M USD. Operating income FY2022 36.18M USD. Operating income FY2023 127.89M USD. Operating income FY2024 77.31M USD. Operating income FY2025 28.99M USD. Net income FY2021 −119.42M USD. Net income FY2022 15.1M USD. Net income FY2023 98.71M USD. Net income FY2024 46.64M USD. Net income FY2025 12.27M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue292.42M USD349.74M USD391.69M USD339.34M USD195.76M USD
Cost of goods sold234.55M USD243.61M USD240.91M USD284.37M USD264.29M USD
Gross profit57.87M USD106.14M USD150.78M USD54.97M USD−68.53M USD
Selling, general, and administrative28.87M USD28.83M USD22.89M USD18.8M USD15.62M USD
Operating expenses28.87M USD28.83M USD22.89M USD18.8M USD15.62M USD
Interest income1.61M USD731K USD1.3M USD——
Interest expense35.75M USD30.74M USD30.5M USD27.06M USD26.38M USD
Depreciation and amortization57.74M USD56.15M USD51.4M USD50.42M USD68.35M USD
Operating income28.99M USD77.31M USD127.89M USD36.18M USD−84.15M USD
Net income12.27M USD46.64M USD98.71M USD15.1M USD−119.42M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
18%
2 beats, 8 misses, 1 met estimate
Average EPS surprise
-13.67%
11 comparable reports
Latest EPS result
0.17
Estimate 0.16 · Beat by 6.25%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.290.170.06-0.05Q4 '24MissQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Nov 29, 2024: actual 0.04, estimate 0.05, surprise -20.00%, Miss. Q1 2025, reported Mar 5, 2025: actual 0.01, estimate 0.03, surprise -66.67%, Miss. Q2 2025, reported May 29, 2025: actual 0.02, estimate -0.01, surprise +300.00%, Beat. Q3 2025, reported Aug 28, 2025: actual -0.004, estimate 0.03, surprise -113.40%, Miss. Q4 2025, reported Nov 28, 2025: actual -0.01, estimate 0.1, surprise -110.00%, Miss. Q1 2026, reported Feb 26, 2026: actual 0.06, estimate 0.143, surprise -58.13%, Miss. Q2 2026, reported May 28, 2026: actual 0.17, estimate 0.16, surprise +6.25%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate 0.247, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates101.4M80.8M60.2M39.61MQ4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26Estimate
Q4 2024, reported Nov 29, 2024: actual 82.22M USD, estimate 51.56M USD, surprise +59.45%, Beat. Q1 2025, reported Mar 5, 2025: actual 74.43M USD, estimate 43.97M USD, surprise +69.29%, Beat. Q2 2025, reported May 29, 2025: actual 64.79M USD, estimate 43.87M USD, surprise +47.70%, Beat. Q3 2025, reported Aug 28, 2025: actual 66.73M USD, estimate 53.34M USD, surprise +25.09%, Beat. Q4 2025, reported Nov 28, 2025: actual 75M USD, estimate 70.35M USD, surprise +6.61%, Beat. Q1 2026, reported Feb 26, 2026: actual 58.8M USD, estimate 75.48M USD, surprise -22.10%, Miss. Q2 2026, reported May 28, 2026: actual 79.3M USD, estimate 81.86M USD, surprise -3.12%, Miss. Q3 2026, reported Aug 27, 2026: actual —, estimate 97.14M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$3.50

49.78% downside
Past 12 months12-month forecastHigh $4.00Average $3.50Low $3.00

Rating distribution

19 ratings
Strong buy00%
Buy526%
Hold1158%
Sell316%
Strong sell00%

NAT peers

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Deere & Company logo

DE

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$647.47

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ETFs holding NAT

Funds reporting this stock among their holdings, ordered by reported position size.

Global X - SuperDividend ETF logoGlobal X - SuperDividend ETFSDIV
Market value
18.93M
Weight
1.52%
AUM
1.24B USD
Expense ratio
0.58%
Price / 1D
$24.92+0.69%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
9.87M
Weight
0.07%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.67+0.67%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
7.55M
Weight
0.04%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
EA Bridgeway Omni Small-Cap Value ETF logoEA Bridgeway Omni Small-Cap Value ETFBSVO
Market value
7.03M
Weight
0.29%
AUM
1.71B USD
Expense ratio
0.47%
Price / 1D
$29.62+0.85%
State Street SPDR Portfolio Developed World ex-US ETF logoState Street SPDR Portfolio Developed World ex-US ETFSPDW
Market value
6.1M
Weight
0.01%
AUM
41.92B USD
Expense ratio
0.03%
Price / 1D
$52.02+0.79%
Dimensional - US Small Cap Value ETF logoDimensional - US Small Cap Value ETFDFSV
Market value
5.87M
Weight
0.07%
AUM
8.42B USD
Expense ratio
0.30%
Price / 1D
$40.29+0.72%
U.S. Micro Cap Portfolio ETF logoU.S. Micro Cap Portfolio ETFDFMC
Market value
4.91M
Weight
0.06%
AUM
8.06B USD
Expense ratio
0.43%
Price / 1D
$60.95+0.73%
Dimensional - US Small Cap ETF logoDimensional - US Small Cap ETFDFAS
Market value
4.91M
Weight
0.03%
AUM
15.92B USD
Expense ratio
0.26%
Price / 1D
$83.02+0.73%

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