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Nordic American Tankers NYSE:NAT Stock Report

Last Price

US$2.44

Market Cap

US$515.7m

7D

-7.6%

1Y

-46.3%

Updated

20 Dec, 2024

Data

Company Financials +

Nordic American Tankers Limited

NYSE:NAT Stock Report

Market Cap: US$515.7m

My Notes

Capture your thoughts, links and company narrative

Nordic American Tankers Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Nordic American Tankers
Historical stock prices
Current Share PriceUS$2.44
52 Week HighUS$4.65
52 Week LowUS$2.46
Beta-0.31
1 Month Change-18.67%
3 Month Change-32.60%
1 Year Change-46.26%
3 Year Change36.31%
5 Year Change-49.38%
Change since IPO-86.99%

Recent News & Updates

Nordic American Tankers: Limited Downside Protection To Weaknesses In The Suezmax Market

Dec 10

Recent updates

Nordic American Tankers: Limited Downside Protection To Weaknesses In The Suezmax Market

Dec 10

Nordic American Tankers: When Double-Digit Dividend Yields Are Not Enough (Rating Downgrade)

Sep 13

Nordic American Tankers Q2: Good Quarter But Little Reason For Excitement, Hold

Sep 02

Nordic American: No Catalysts To Get Constructive

Aug 11

These 4 Measures Indicate That Nordic American Tankers (NYSE:NAT) Is Using Debt Extensively

Jul 29
These 4 Measures Indicate That Nordic American Tankers (NYSE:NAT) Is Using Debt Extensively

Some Shareholders Feeling Restless Over Nordic American Tankers Limited's (NYSE:NAT) P/S Ratio

May 30
Some Shareholders Feeling Restless Over Nordic American Tankers Limited's (NYSE:NAT) P/S Ratio

Nordic American Tankers: Bet On A Strong Suezmax Market For Dividend Seekers

Mar 28

Unpleasant Surprises Could Be In Store For Nordic American Tankers Limited's (NYSE:NAT) Shares

Feb 24
Unpleasant Surprises Could Be In Store For Nordic American Tankers Limited's (NYSE:NAT) Shares

Nordic American Tankers: Suezmax Pure Play For Income-Minded Investors

Feb 08

Nordic American Tankers - Prime Beneficiary Of Red Sea Chaos - Buy

Jan 02

A Look At The Fair Value Of Nordic American Tankers Limited (NYSE:NAT)

Dec 16
A Look At The Fair Value Of Nordic American Tankers Limited (NYSE:NAT)

Nordic American: Risk And Reward More Balanced; Downgrade To Hold

Dec 04

Nordic American Tankers (NYSE:NAT) Has A Pretty Healthy Balance Sheet

Oct 26
Nordic American Tankers (NYSE:NAT) Has A Pretty Healthy Balance Sheet

Nordic American Tankers: Seasonality Likely To Result In Lower Q3 Dividend - Hold

Sep 18

Insight Into Nordic American Tankers Q2-2023 Upcoming Earnings

Jul 31

Does Nordic American Tankers (NYSE:NAT) Have A Healthy Balance Sheet?

Jul 25
Does Nordic American Tankers (NYSE:NAT) Have A Healthy Balance Sheet?

The Price Is Right For Nordic American Tankers Limited (NYSE:NAT)

Apr 18
The Price Is Right For Nordic American Tankers Limited (NYSE:NAT)

There's Been No Shortage Of Growth Recently For Nordic American Tankers' (NYSE:NAT) Returns On Capital

Mar 24
There's Been No Shortage Of Growth Recently For Nordic American Tankers' (NYSE:NAT) Returns On Capital

Is Nordic American Tankers (NYSE:NAT) A Risky Investment?

Mar 06
Is Nordic American Tankers (NYSE:NAT) A Risky Investment?

Nordic American Tankers Q4 2022 Earnings Preview

Feb 24

Nordic American Tankers: A Perfect Market To Dispose Of Old Vessels At Massive Gains

Feb 03

Rainbows and Unicorns: Nordic American Tankers Limited (NYSE:NAT) Analysts Just Became A Lot More Optimistic

Dec 03
Rainbows and Unicorns: Nordic American Tankers Limited (NYSE:NAT) Analysts Just Became A Lot More Optimistic

Nordic American Tankers (NYSE:NAT) Is Increasing Its Dividend To $0.05

Nov 13
Nordic American Tankers (NYSE:NAT) Is Increasing Its Dividend To $0.05

Nordic American Tankers boosts dividend by ~67% to $0.05/share

Nov 10

Nordic American Tankers goes ex-dividend tomorrow

Sep 13

Nordic American Tankers (NYSE:NAT) Is Paying Out A Larger Dividend Than Last Year

Sep 02
Nordic American Tankers (NYSE:NAT) Is Paying Out A Larger Dividend Than Last Year

Here's Why Nordic American Tankers (NYSE:NAT) Can Afford Some Debt

Aug 31
Here's Why Nordic American Tankers (NYSE:NAT) Can Afford Some Debt

Nordic American Tankers GAAP EPS of -$0.02 beats by $0.02, revenue of $34.75M beats by $4.57M

Aug 30

Nordic American Tankers: Tanker Markets Heating Up

Jul 20

Nordic American Tankers announces delivery of new vessels and long term contracts for two vessels

Jun 29

Nordic American Tankers: 'F' Earnings Rating

May 19

Shareholder Returns

NATUS Oil and GasUS Market
7D-7.6%-6.6%-3.5%
1Y-46.3%1.7%22.1%

Return vs Industry: NAT underperformed the US Oil and Gas industry which returned 1.7% over the past year.

Return vs Market: NAT underperformed the US Market which returned 22.1% over the past year.

Price Volatility

Is NAT's price volatile compared to industry and market?
NAT volatility
NAT Average Weekly Movement4.3%
Oil and Gas Industry Average Movement5.3%
Market Average Movement6.3%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.1%

Stable Share Price: NAT has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NAT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199517Herbjorn Hanssonwww.nat.bm

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 20 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.

Nordic American Tankers Limited Fundamentals Summary

How do Nordic American Tankers's earnings and revenue compare to its market cap?
NAT fundamental statistics
Market capUS$515.73m
Earnings (TTM)US$62.85m
Revenue (TTM)US$367.47m

8.1x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NAT income statement (TTM)
RevenueUS$367.47m
Cost of RevenueUS$193.13m
Gross ProfitUS$174.34m
Other ExpensesUS$111.49m
EarningsUS$62.85m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin47.44%
Net Profit Margin17.10%
Debt/Equity Ratio54.4%

How did NAT perform over the long term?

See historical performance and comparison

Dividends

18.9%

Current Dividend Yield

133%

Payout Ratio

Does NAT pay a reliable dividends?

See NAT dividend history and benchmarks
When do you need to buy NAT by to receive an upcoming dividend?
Nordic American Tankers dividend dates
Ex Dividend DateDec 17 2024
Dividend Pay DateJan 16 2025
Days until Ex dividend4 days
Days until Dividend pay date26 days

Does NAT pay a reliable dividends?

See NAT dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 23:38
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nordic American Tankers Limited is covered by 27 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anders RosenlundABG Sundal Collier
Glenn LoddenABN AMRO Bank N.V.
Liam BurkeB. Riley Securities, Inc.