NAT Stock Overview
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally.
+ 1 more risk
Nordic American Tankers Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$2.14|
|52 Week High||US$3.48|
|52 Week Low||US$1.40|
|1 Month Change||-4.46%|
|3 Month Change||13.23%|
|1 Year Change||-37.24%|
|3 Year Change||-8.55%|
|5 Year Change||-66.25%|
|Change since IPO||-88.59%|
Recent News & Updates
Nordic American Tankers: 'F' Earnings Rating
NAT is bullish on spot tanker rates because of Russia's involvement in armed conflict with Ukraine, and most of its tankers are in the spot market. However, Suezmax tanker rates have dropped since their spike. Oil demand fundamentals have softened and high oil prices are dampening demand growth expectations. Therefore, being heavily dependent on spot rates for future revenues is a risky proposition. NAT should be diversifying the timing and term structure of its charters, but it prefers to gamble, endangering future earnings.
|NAT||US Oil and Gas||US Market|
Return vs Industry: NAT underperformed the US Oil and Gas industry which returned 24.6% over the past year.
Return vs Market: NAT underperformed the US Market which returned -20.5% over the past year.
|NAT Average Weekly Movement||14.8%|
|Oil and Gas Industry Average Movement||8.7%|
|Market Average Movement||8.0%|
|10% most volatile stocks in US Market||16.6%|
|10% least volatile stocks in US Market||3.1%|
Stable Share Price: NAT is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: NAT's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 24 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011.
Nordic American Tankers Fundamentals Summary
|NAT fundamental statistics|
Is NAT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NAT income statement (TTM)|
|Cost of Revenue||US$196.16m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.86|
|Net Profit Margin||-92.28%|
How did NAT perform over the long term?See historical performance and comparison
2.3%Current Dividend Yield
Is NAT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NAT?
Other financial metrics that can be useful for relative valuation.
|What is NAT's n/a Ratio?|
Price to Sales Ratio vs Peers
How does NAT's PS Ratio compare to its peers?
|NAT PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
Price-To-Sales vs Peers: NAT is expensive based on its Price-To-Sales Ratio (2.3x) compared to the peer average (1.4x).
Price to Earnings Ratio vs Industry
How does NAT's PE Ratio compare vs other companies in the U.S. Oil and Gas Industry?
Price-To-Sales vs Industry: NAT is expensive based on its Price-To-Sales Ratio (2.3x) compared to the US Oil and Gas industry average (1.7x)
Price to Sales Ratio vs Fair Ratio
What is NAT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||2.3x|
|Fair PS Ratio||0.4x|
Price-To-Sales vs Fair Ratio: NAT is expensive based on its Price-To-Sales Ratio (2.3x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).
Share Price vs Fair Value
What is the Fair Price of NAT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NAT ($2.14) is trading above our estimate of fair value ($1.38)
Significantly Below Fair Value: NAT is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NAT's PEG Ratio to determine if it is good value.
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How is Nordic American Tankers forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NAT is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: NAT is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: NAT is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: NAT's revenue (18.1% per year) is forecast to grow faster than the US market (8.3% per year).
High Growth Revenue: NAT's revenue (18.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NAT's Return on Equity is forecast to be high in 3 years time
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How has Nordic American Tankers performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NAT is currently unprofitable.
Growing Profit Margin: NAT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NAT is unprofitable, but has reduced losses over the past 5 years at a rate of 14.7% per year.
Accelerating Growth: Unable to compare NAT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NAT is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (98.5%).
Return on Equity
High ROE: NAT has a negative Return on Equity (-35.24%), as it is currently unprofitable.
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How is Nordic American Tankers's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: NAT's short term assets ($110.4M) exceed its short term liabilities ($72.5M).
Long Term Liabilities: NAT's short term assets ($110.4M) do not cover its long term liabilities ($264.8M).
Debt to Equity History and Analysis
Debt Level: NAT's net debt to equity ratio (53.9%) is considered high.
Reducing Debt: NAT's debt to equity ratio has increased from 52.3% to 61.5% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NAT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NAT has less than a year of cash runway if free cash flow continues to grow at historical rates of 20.2% each year.
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What is Nordic American Tankers's current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NAT's dividend (2.34%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: NAT's dividend (2.34%) is low compared to the top 25% of dividend payers in the US market (4.34%).
Stability and Growth of Payments
Stable Dividend: NAT's dividend payments have been volatile in the past 10 years.
Growing Dividend: NAT's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: NAT is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: NAT is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Herbjorn Hansson (73 yo)
Mr. Herbjorn Hansson is a Director at The Shipowners Insurance and Guaranty Company Ltd. He is the Founder of Nordic American Tankers Limited (formerly Nordic American Tanker Shipping Ltd.) and has been it...
Experienced Management: NAT's management team is seasoned and experienced (9 years average tenure).
Experienced Board: NAT's board of directors are considered experienced (7.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NAT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.3%.
Nordic American Tankers Limited's employee growth, exchange listings and data sources
- Name: Nordic American Tankers Limited
- Ticker: NAT
- Exchange: NYSE
- Founded: 1995
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Implied Market Cap: US$411.413m
- Shares outstanding: 201.67m
- Website: https://www.nat.bm
Number of Employees
- Nordic American Tankers Limited
- LOM Building
- 27 Reid Street
- HM 11
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.