Nordic American Tankers (NAT) Stock Price & Analysis
NAT$7.96+0.01 +0.19%
$1.69B
Market Cap
13.59
P/E
8.85
Forward P/E
—
Score
Nordic American Tankers (NAT) Stock Price & Analysis
NAT price $7.96 +0.01 +0.19%
- Ticker
- NAT
- Price
- $7.96
- Change
- +0.01 +0.19%
- Market cap ?
- $1.69B
- P/E ?
- 13.59
- Forward P/E ?
- 8.85
- Dividend yield ?
- 9.99%
- Beta ?
- -0.52
- Sector
- Industrials
- Industry
- Marine Shipping
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 357451000 | 297141000 | 289016000 | 317220000 | 354619000 | 195759000 | 339340000 | 391687000 | 349742000 | 292420000 |
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…
Fair value
NAT fair value $8.43. Price $7.96. Price is 5% below fair value.
Above fair value, around its usual premium.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 76.58M. Growth 11.47%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 10.00%. Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 211.75M. Net debt 378.28M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-27 | — | 0.12 | — | 74.14M |
| 2026-08-27 | 0.32 | 0.30 | 86.60M | 84.18M |
| 2026-05-28 | 0.17 | 0.16 | 77.50M | 81.86M |
| 2026-02-26 | 0.06 | 0.14 | 58.80M | 75.48M |
| 2025-11-28 | -0.01 | 0.10 | 75.00M | 70.35M |
| 2025-08-28 | -0.00 | 0.03 | 66.73M | 53.34M |
| 2025-05-29 | 0.02 | -0.01 | 64.79M | 43.87M |
| 2025-03-05 | 0.01 | 0.03 | 74.43M | 43.97M |
| 2024-11-29 | 0.04 | 0.05 | 82.22M | 51.56M |
| 2024-08-29 | 0.10 | 0.10 | 97.81M | 61.06M |
| 2024-05-29 | 0.07 | 0.10 | 95.29M | 76.56M |
| 2024-02-29 | 0.08 | 0.13 | 59.25M | 68.69M |
| 2023-11-29 | 0.04 | 0.05 | 78.45M | 59.14M |
| 2023-08-28 | 0.13 | 0.13 | 99.10M | 68.32M |
| 2023-05-22 | 0.22 | 0.20 | 121.43M | 66.43M |
| 2023-02-27 | 0.17 | 0.22 | 71.10M | 78.42M |
| 2022-11-30 | 0.05 | 0.06 | 104.88M | 48.74M |
| 2022-08-30 | -0.02 | -0.01 | 74.92M | 32.73M |
| 2022-05-31 | -0.14 | -0.12 | 49.26M | 21.13M |
| 2022-02-25 | -0.12 | -0.12 | 55.04M | 26.43M |
| 2021-11-24 | -0.27 | -0.20 | 40.33M | 21.09M |
| 2021-08-30 | -0.18 | -0.17 | 52.39M | 45.84M |
| 2021-05-26 | -0.16 | -0.17 | 48.00M | 27.78M |
| 2021-02-26 | -0.19 | -0.18 | 43.84M | 27.12M |
| 2020-11-17 | -0.07 | -0.04 | 56.04M | 34.61M |
| 2020-08-17 | 0.33 | 0.28 | 122.59M | 31.64M |
| 2020-05-18 | 0.27 | 0.25 | 132.15M | 122.36M |
| 2020-04-16 | 0.09 | — | 58.82M | — |
| 2019-11-25 | -0.10 | -0.08 | 32.35M | 53.91M |
| 2019-08-16 | -0.11 | -0.11 | 30.65M | 66.16M |
| 2019-05-14 | 0.04 | — | 53.63M | — |
| 2019-04-16 | -0.07 | — | 86.26M | — |
| 2018-11-12 | -0.15 | -0.11 | 23.19M | 44.28M |
| 2018-08-14 | -0.16 | -0.14 | 27.01M | 64.26M |
| 2018-05-16 | -0.13 | -0.20 | 29.62M | 102.45M |
| 2018-02-12 | -0.20 | -0.17 | 179.18M | 61.70M |
| 2017-12-18 | -0.16 | -0.26 | 39.09M | 42.53M |
| 2017-08-22 | -0.16 | -0.15 | 39.09M | 69.44M |
| 2017-05-08 | -0.01 | -0.00 | 55.20M | 63.02M |
| 2017-02-06 | -0.02 | -0.01 | 52.54M | 325.53M |
Dividends
Yield 9.92%. Payout ratio 106.30%. Frequency Quarterly.
Safety score 35/100 · Watch. Payout ratio is 106% of earnings, above what earnings cover. Dividends are larger than free cash flow. Dividends were paid in 30 separate years. Yield is 9.9%, high enough that the payout may be hard to keep.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-09-10 | $0.27 | 2026-09-10 | 2026-09-24 | Quarterly |
| 2026-06-10 | $0.22 | 2026-06-10 | 2026-06-24 | Quarterly |
| 2026-03-10 | $0.17 | 2026-03-10 | 2026-03-24 | Quarterly |
| 2025-12-08 | $0.13 | 2025-12-08 | 2025-12-22 | Quarterly |
| 2025-09-12 | $0.10 | 2025-09-12 | 2025-09-29 | Quarterly |
| 2025-06-12 | $0.07 | 2025-06-12 | 2025-06-26 | Quarterly |
| 2025-03-10 | $0.06 | 2025-03-10 | 2025-03-24 | Quarterly |
| 2024-12-17 | $0.04 | 2024-12-17 | 2025-01-16 | Quarterly |
| 2024-09-26 | $0.12 | 2024-09-26 | 2024-11-26 | Quarterly |
| 2024-06-28 | $0.12 | 2024-06-28 | 2024-07-18 | Quarterly |
| 2024-03-19 | $0.12 | 2024-03-20 | 2024-04-10 | Quarterly |
| 2023-12-19 | $0.06 | 2023-12-20 | 2024-01-17 | Quarterly |
| 2023-09-13 | $0.13 | 2023-09-14 | 2023-10-05 | Quarterly |
| 2023-06-14 | $0.15 | 2023-06-15 | 2023-07-06 | Quarterly |
| 2023-03-13 | $0.15 | 2023-03-14 | 2023-03-28 | Quarterly |
| 2022-12-05 | $0.05 | 2022-12-06 | 2022-12-20 | Quarterly |
| 2022-09-14 | $0.03 | 2022-09-15 | 2022-10-12 | Quarterly |
| 2022-06-13 | $0.02 | 2022-06-14 | 2022-07-06 | Quarterly |
| 2022-03-10 | $0.01 | 2022-03-11 | 2022-03-30 | Quarterly |
| 2021-12-06 | $0.01 | 2021-12-07 | 2021-12-21 | Quarterly |
| 2021-09-23 | $0.01 | 2021-09-24 | 2021-10-14 | Quarterly |
| 2021-06-03 | $0.02 | 2021-06-04 | 2021-06-18 | Quarterly |
| 2021-03-11 | $0.02 | 2021-03-12 | 2021-03-31 | Quarterly |
| 2020-12-01 | $0.04 | 2020-12-02 | 2020-12-15 | Quarterly |
| 2020-08-27 | $0.20 | 2020-08-28 | 2020-09-04 | Quarterly |
| 2020-05-22 | $0.14 | 2020-05-26 | 2020-06-05 | Quarterly |
| 2020-02-28 | $0.07 | 2020-03-02 | 2020-03-16 | Quarterly |
| 2019-12-04 | $0.02 | 2019-12-05 | 2019-12-18 | Quarterly |
| 2019-08-29 | $0.01 | 2019-08-30 | 2019-09-20 | Quarterly |
| 2019-05-24 | $0.03 | 2019-05-28 | 2019-06-12 | Quarterly |
| 2019-02-28 | $0.04 | 2019-03-01 | 2019-03-15 | Quarterly |
| 2018-11-20 | $0.01 | 2018-11-21 | 2018-12-07 | Quarterly |
| 2018-08-21 | $0.02 | 2018-08-22 | 2018-09-07 | Quarterly |
| 2018-05-23 | $0.01 | 2018-05-24 | 2018-06-12 | Quarterly |
| 2018-02-20 | $0.03 | 2018-02-21 | 2018-03-09 | Quarterly |
| 2017-11-10 | $0.03 | 2017-11-13 | 2017-12-05 | Quarterly |
| 2017-08-10 | $0.10 | 2017-08-14 | 2017-08-31 | Quarterly |
| 2017-05-18 | $0.20 | 2017-05-22 | 2017-06-08 | Quarterly |
| 2017-02-08 | $0.20 | 2017-02-10 | 2017-02-24 | Quarterly |
| 2016-10-25 | $0.26 | 2016-10-27 | 2016-11-10 | Quarterly |
| 2016-08-15 | $0.25 | 2016-08-17 | 2016-08-31 | Quarterly |
| 2016-05-10 | $0.43 | 2016-05-12 | 2016-05-27 | Quarterly |
| 2016-01-25 | $0.43 | 2016-01-27 | 2016-02-10 | Quarterly |
| 2015-10-27 | $0.38 | 2015-10-29 | 2015-11-12 | Quarterly |
| 2015-07-27 | $0.40 | 2015-07-29 | 2015-08-12 | Quarterly |
| 2015-05-05 | $0.38 | 2015-05-07 | 2015-05-21 | Quarterly |
| 2015-01-20 | $0.22 | 2015-01-22 | 2015-02-09 | Quarterly |
| 2014-10-20 | $0.14 | 2014-10-22 | 2014-11-05 | Quarterly |
| 2014-07-23 | $0.12 | 2014-07-25 | 2014-08-12 | Quarterly |
| 2014-05-13 | $0.23 | 2014-05-15 | 2014-05-27 | Quarterly |
| 2014-02-18 | $0.12 | 2014-02-20 | 2014-03-03 | Quarterly |
| 2013-11-26 | $0.16 | 2013-11-29 | 2013-12-11 | Quarterly |
| 2013-07-29 | $0.16 | 2013-07-31 | 2013-08-13 | Quarterly |
| 2013-04-26 | $0.16 | 2013-04-30 | 2013-05-14 | Quarterly |
| 2013-01-28 | $0.16 | 2013-01-30 | 2013-02-13 | Quarterly |
| 2012-11-27 | $0.29 | 2012-11-29 | 2012-12-12 | Quarterly |
| 2012-08-15 | $0.29 | 2012-08-17 | 2012-08-30 | Quarterly |
| 2012-05-16 | $0.29 | 2012-05-18 | 2012-06-01 | Quarterly |
| 2012-02-21 | $0.29 | 2012-02-23 | 2012-03-02 | Quarterly |
| 2011-11-21 | $0.29 | 2011-11-23 | 2011-12-02 | Quarterly |
| 2011-08-17 | $0.29 | 2011-08-19 | 2011-08-31 | Quarterly |
| 2011-05-16 | $0.29 | 2011-05-18 | 2011-06-01 | Quarterly |
| 2011-02-22 | $0.24 | 2011-02-24 | 2011-03-04 | Quarterly |
| 2010-11-18 | $0.24 | 2010-11-22 | 2010-12-03 | Quarterly |
| 2010-08-18 | $0.59 | 2010-08-20 | 2010-09-02 | Quarterly |
| 2010-05-17 | $0.59 | 2010-05-19 | 2010-06-01 | Quarterly |
| 2010-02-19 | $0.24 | 2010-02-23 | 2010-03-05 | Quarterly |
| 2009-11-19 | $0.10 | 2009-11-23 | 2009-12-04 | Quarterly |
| 2009-08-19 | $0.49 | 2009-08-21 | 2009-09-04 | Quarterly |
| 2009-05-18 | $0.86 | 2009-05-20 | 2009-06-03 | Quarterly |
| 2009-02-23 | $0.85 | 2009-02-25 | 2009-03-09 | Quarterly |
| 2008-11-19 | $1.58 | 2008-11-21 | 2008-12-02 | Quarterly |
| 2008-08-19 | $1.57 | 2008-08-21 | 2008-09-02 | Quarterly |
| 2008-05-21 | $1.15 | 2008-05-23 | 2008-06-03 | Quarterly |
| 2008-02-20 | $0.49 | 2008-02-22 | 2008-03-07 | Quarterly |
| 2007-11-19 | $0.39 | 2007-11-21 | 2007-12-04 | Quarterly |
| 2007-08-15 | $1.14 | 2007-08-17 | 2007-08-29 | Quarterly |
| 2007-05-21 | $1.21 | 2007-05-23 | 2007-05-31 | Quarterly |
| 2007-02-20 | $0.98 | 2007-02-22 | 2007-03-01 | Quarterly |
| 2006-11-13 | $1.29 | 2006-11-15 | 2006-11-28 | Quarterly |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-06 | Hansson Alexander | Buy | 300.00K | $8.44 | 2.53M |
| 2026-07-10 | Hansson Herbjorn | Buy | 100.00K | $6.03 | 603.00K |
| 2026-06-25 | Hansson Alexander | Buy | 145.00K | $6.44 | 933.80K |
| 2026-06-03 | Hansson Herbjorn | Buy | 100.00K | $5.26 | 526.00K |
| 2026-05-29 | Hansson Alexander | Buy | 300.00K | $5.16 | 1.55M |
| 2026-03-18 | Kelly James Jim | Other | 0 | — | — |
| 2026-03-18 | Hansson Alexander | Other | 0 | — | — |
| 2026-03-18 | Hansson Herbjorn | Other | 0 | — | — |
| 2026-03-18 | Chu Jenny | Other | 0 | — | — |
| 2026-03-18 | Giaever Bjoern | Other | 0 | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 289, holders +39 vs prior quarter. Ownership 56.17%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 12.76M | 746.28K | +6.21% | 70.72M |
| DIMENSIONAL FUND ADVISORS LP | 12.15M | -43.42K | -0.36% | 67.30M |
| AMERIPRISE FINANCIAL INC | 9.88M | 1.62M | +19.60% | 54.74M |
| MORGAN STANLEY | 9.47M | 3.29M | +53.28% | 52.48M |
| GOLDMAN SACHS GROUP INC | 9.04M | 4.46M | +97.50% | 50.06M |
| CASTLEKNIGHT MANAGEMENT LP | 7.17M | 6.48M | +932.14% | 39.73M |
| NUVEEN, LLC | 5.62M | 641.87K | +12.88% | 31.16M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | 4.78M | 201.74K | +4.41% | 26.49M |
| STATE STREET CORP | 4.56M | 302.21K | +7.09% | 25.29M |
| GEODE CAPITAL MANAGEMENT, LLC | 2.85M | 298.94K | +11.72% | 15.78M |
| TWO SIGMA INVESTMENTS, LP | 2.25M | 1.65M | +272.48% | 12.49M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 1.86M | 298.78K | +19.18% | 10.29M |
| TUDOR INVESTMENT CORP ET AL | 1.83M | 239.97K | +15.05% | 10.16M |
| AMERICAN CENTURY COMPANIES INC | 1.69M | -2.36M | -58.23% | 9.37M |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 1.60M | 45.76K | +2.94% | 8.88M |
| UBS GROUP AG | 1.56M | 741.11K | +90.00% | 8.67M |
| BNP PARIBAS FINANCIAL MARKETS | 1.34M | 567.28K | +73.07% | 7.44M |
| NORTHERN TRUST CORP | 1.33M | 167.91K | +14.43% | 7.38M |
| PHILIP JAMES WEALTH MANGEMENT, LLC | 1.29M | -22.98K | -1.74% | 7.17M |
| CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. | 1.14M | 447.19K | +64.77% | 6.30M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.08M | 963.75K | +845.77% | 5.97M |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | 1.06M | 370.98K | +53.79% | 5.88M |
| EMPOWERED FUNDS, LLC | 995.37K | 45.76K | +4.82% | 5.51M |
| MILLENNIUM MANAGEMENT LLC | 949.79K | -314.61K | -24.88% | 5.26M |
| ACADIAN ASSET MANAGEMENT LLC | 923.31K | 853.85K | +1229.14% | 5.10M |
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