NAT Chart
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
Sector Energy Industry Oil & Gas Midstream Market Cap 1.11B
Enterprise Value 1.49B Income 12.27M Sales 183.27M
Book/sh 2.10 Cash/sh 0.22 Dividend Yield 8.75%
Payout 6.00% Employees IPO
P/E 87.33 Forward P/E 19.41 PEG
P/S 6.05 P/B 2.49 P/C
EV/EBITDA 17.01 EV/Sales 8.12 Quick Ratio 0.96
Current Ratio 2.24 Debt/Eq 95.20 LT Debt/Eq
EPS (ttm) 0.06 EPS next Y 0.27 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 202.55M Short Float 4.25% Short Ratio 2.40
Short Interest 52W High 6.34 52W Low 2.13
Beta -0.52 Avg Volume 3.86M Volume 3.99M
Target Price $6.25 Recom Buy Prev Close $5.37
Price $5.24 Change -2.42%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.25
Mean price target
2. Current target
$5.24
Latest analyst target
3. DCF / Fair value
$-11.37
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$5.24
Low
$5.00
High
$7.50
Mean
$6.25

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
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
2021-11-26 main Jefferies — → Hold $2
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.008.65K-16.28M
TaxRateForCalcs0.210.000.000.27
NormalizedEBITDA132.67M179.27M83.31M-19.21M
TotalUnusualItems0.000.005.69M-60.31M
TotalUnusualItemsExcludingGoodwill0.000.005.69M-60.31M
NetIncomeFromContinuingOperationNetMinorityInterest46.64M98.71M15.10M-171.33M
ReconciledDepreciation56.15M51.40M50.42M68.35M
ReconciledCostOfRevenue243.61M240.91M284.37M264.29M
EBITDA132.67M179.27M89.00M-79.53M
EBIT76.52M127.87M38.58M-147.88M
NetInterestIncome-30.68M-29.06M-26.74M-26.81M
InterestExpense29.89M29.04M23.45M23.39M
InterestIncome731.00K1.30M266.00K3.00K
NormalizedIncome46.64M98.71M9.42M-127.30M
NetIncomeFromContinuingAndDiscontinuedOperation46.64M98.71M15.10M-171.33M
TotalExpenses272.43M263.80M303.16M275.23M
TotalOperatingIncomeAsReported77.31M127.89M41.87M-144.46M
DilutedAverageShares209.23M208.80M202.03M162.55M
BasicAverageShares209.23M208.80M202.03M162.55M
DilutedEPS0.220.470.07-0.73
BasicEPS0.220.470.07-0.73
DilutedNIAvailtoComStockholders46.64M98.71M15.10M-171.33M
NetIncomeCommonStockholders46.64M98.71M15.10M-171.33M
NetIncome46.64M98.71M15.10M-171.33M
NetIncomeIncludingNoncontrollingInterests46.64M98.71M15.10M-171.33M
NetIncomeContinuousOperations46.64M98.71M15.10M-171.33M
TaxProvision-10.00K120.00K23.00K59.00K
PretaxIncome46.63M98.83M15.12M-171.27M
OtherIncomeExpense5.69M-60.31M
SpecialIncomeCharges0.000.005.69M-60.31M
GainOnSaleOfPPE0.000.006.00M0.00
WriteOff60.31M
ImpairmentOfCapitalAssets0.000.00314.00K60.31M
NetNonOperatingInterestIncomeExpense-30.68M-29.06M-26.74M-26.81M
TotalOtherFinanceCost1.52M1.32M3.55M3.42M
InterestExpenseNonOperating29.89M29.04M23.45M23.39M
InterestIncomeNonOperating731.00K1.30M266.00K3.00K
OperatingIncome77.31M127.89M36.18M-84.15M
OperatingExpense28.82M22.89M18.80M10.94M
OtherOperatingExpenses-4.68M
SellingGeneralAndAdministration28.82M22.89M18.80M15.62M
GeneralAndAdministrativeExpense28.82M22.89M18.80M15.62M
OtherGandA28.82M22.89M18.80M15.62M
GrossProfit106.14M150.78M54.97M-73.22M
CostOfRevenue243.61M240.91M284.37M264.29M
TotalRevenue349.74M391.69M339.34M191.07M
OperatingRevenue349.74M391.69M339.34M191.07M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber211.75M208.80M208.80M183.69M
ShareIssued211.75M208.80M208.80M183.69M
NetDebt230.53M270.52M246.45M286.22M
TotalDebt269.70M301.60M306.57M322.11M
TangibleBookValue508.81M538.33M539.98M498.22M
InvestedCapital778.52M839.93M846.02M819.18M
WorkingCapital38.99M38.43M70.25M39.46M
NetTangibleAssets508.81M538.33M539.98M498.22M
CapitalLeaseObligations0.00535.00K1.15M
CommonStockEquity508.81M538.33M539.98M498.22M
TotalCapitalization756.96M808.03M806.32M781.63M
TotalEquityGrossMinorityInterest508.81M538.30M539.98M498.22M
StockholdersEquity508.81M538.33M539.98M498.22M
GainsLossesNotAffectingRetainedEarnings-1.82M-2.09M-1.81M-1.58M
OtherEquityAdjustments-1.82M-2.09M-1.81M-1.58M
TreasuryStock0.000.000.00
RetainedEarnings-10.87M-57.52M-156.23M-171.33M
AdditionalPaidInCapital519.39M595.83M695.93M669.30M
CapitalStock2.12M2.12M2.09M1.84M
CommonStock2.12M2.12M2.09M1.84M
TotalLiabilitiesNetMinorityInterest308.77M340.89M339.90M352.93M
TotalNonCurrentLiabilitiesNetMinorityInterest248.99M270.41M267.49M285.28M
OtherNonCurrentLiabilities845.00K717.00K615.00K724.00K
LongTermDebtAndCapitalLeaseObligation248.14M269.70M266.87M284.56M
LongTermCapitalLeaseObligation0.00535.00K1.15M
LongTermDebt248.14M269.70M266.34M283.41M
CurrentLiabilities59.78M70.48M72.41M67.64M
OtherCurrentLiabilities344.00K648.00K1.82M1.80M
CurrentDeferredLiabilities5.63M3.95M6.15M2.76M
CurrentDeferredRevenue5.63M3.95M6.15M2.76M
CurrentDebtAndCapitalLeaseObligation21.56M31.90M39.70M37.55M
CurrentDebt21.56M31.90M39.70M37.55M
PensionandOtherPostRetirementBenefitPlansCurrent599.00K644.00K
PayablesAndAccruedExpenses31.65M33.34M24.75M25.54M
CurrentAccruedExpenses16.13M17.04M17.79M18.98M
Payables15.52M16.30M6.96M6.55M
DividendsPayable8.47M12.53M0.00
TotalTaxPayable2.79M324.00K
AccountsPayable4.26M3.45M6.96M6.55M
TotalAssets817.59M879.20M879.88M851.15M
TotalNonCurrentAssets718.82M770.29M737.22M744.04M
OtherNonCurrentAssets155.00K148.00K798.00K
NonCurrentDeferredAssets0.001.10M
NetPPE718.82M770.29M737.07M742.15M
AccumulatedDepreciation-519.59M-463.54M-412.19M-608.93M
GrossPPE1.24B1.23B1.15B1.35B
ConstructionInProgress0.0024.27M
OtherProperties2.79M733.00K1.21M1.86M
MachineryFurnitureEquipment1.24B1.23B1.15B756.00K
CurrentAssets98.77M108.91M142.66M107.11M
OtherCurrentAssets10.01M13.76M27.48M12.41M
AssetsHeldForSaleCurrent0.0014.96M
RestrictedCash5.21M2.28M3.72M9.91M
PrepaidAssets6.23M4.32M5.97M4.85M
Inventory21.93M31.18M25.43M20.87M
Receivables16.22M26.29M20.47M9.37M
AccountsReceivable16.22M26.29M20.47M9.37M
AllowanceForDoubtfulAccountsReceivable-195.00M-88.00M-130.00M-75.00M
GrossAccountsReceivable211.22M114.29M150.47M84.37M
CashCashEquivalentsAndShortTermInvestments39.18M31.08M59.58M34.74M
CashAndCashEquivalents39.18M31.08M59.58M34.74M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow125.54M65.78M-71.28M-62.19M
RepurchaseOfCapitalStock-3.55M0.000.00
RepaymentOfDebt-32.74M-59.22M-105.41M-38.74M
IssuanceOfDebt0.0054.00M88.00M0.00
IssuanceOfCapitalStock8.93M0.0049.10M80.05M
CapitalExpenditure-2.62M-73.67M-95.42M-17.73M
InterestPaidSupplementalData29.89M29.04M23.45M23.39M
IncomeTaxPaidSupplementalData10.00K23.00K59.00K64.00K
EndCashPosition44.38M33.36M63.30M44.65M
BeginningCashPosition33.36M63.30M44.65M62.07M
EffectOfExchangeRateChanges536.00K-44.00K-142.00K-12.00K
ChangesInCash10.49M-29.90M18.80M-17.41M
FinancingCashFlow-115.05M-95.67M9.01M30.51M
CashFlowFromContinuingFinancingActivities-115.05M-95.67M9.01M30.51M
NetOtherFinancingCharges-669.00K-1.10M
CashDividendsPaid-87.69M-89.78M-22.68M-9.70M
CommonStockDividendPaid-22.68M-9.70M
NetCommonStockIssuance5.38M0.0049.10M80.05M
CommonStockPayments-3.55M0.000.00
CommonStockIssuance8.93M0.0049.10M80.05M
NetIssuancePaymentsOfDebt-32.74M-5.22M-17.41M-38.74M
NetShortTermDebtIssuance0.00
ShortTermDebtPayments0.00
NetLongTermDebtIssuance-32.74M-5.22M-17.41M-38.74M
LongTermDebtPayments-32.74M-59.22M-105.41M-38.74M
LongTermDebtIssuance0.0054.00M88.00M0.00
InvestingCashFlow-2.62M-73.67M-14.34M-3.46M
CashFlowFromContinuingInvestingActivities-2.62M-73.67M-14.34M-3.46M
NetInvestmentPurchaseAndSale0.000.00
SaleOfInvestment0.000.00
NetPPEPurchaseAndSale-2.62M-73.67M-14.34M-3.46M
SaleOfPPE0.000.0081.07M14.26M
PurchaseOfPPE-2.62M-73.67M-95.42M-17.73M
OperatingCashFlow128.16M139.44M24.13M-44.46M
CashFlowFromContinuingOperatingActivities128.16M139.44M24.13M-44.46M
ChangeInWorkingCapital25.13M-4.67M-31.63M1.70M
ChangeInOtherCurrentAssets4.61M12.82M-13.51M-5.84M
ChangeInPayablesAndAccruedExpense3.97M-8.48M230.00K11.74M
ChangeInPrepaidAssets-2.76M2.56M-2.69M286.00K
ChangeInInventory9.25M-5.75M-4.56M-1.47M
ChangeInReceivables10.06M-5.81M-11.10M-3.02M
ChangesInAccountReceivables10.06M-5.81M-11.10M-3.02M
OtherNonCashItems-1.61M-8.20M-4.54M-3.83M
StockBasedCompensation1.85M2.20M476.00K339.00K
UnrealizedGainLossOnInvestmentSecurities0.000.00
AssetImpairmentCharge0.000.00314.00K60.31M
DepreciationAmortizationDepletion56.15M51.40M50.42M68.35M
DepreciationAndAmortization56.15M51.40M50.42M68.35M
Depreciation56.15M51.40M50.42M68.35M
OperatingGainsLosses-6.00M
PensionAndEmployeeBenefitExpense0.00
GainLossOnSaleOfPPE0.000.00-6.00M0.00
NetIncomeFromContinuingOperations46.64M98.71M15.10M-171.33M
SEC Filings

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

Public Trades for NAT
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