NAT
Nordic American Tankers Limited
NYSEUSDEQUITY
Energy
DELAYED
Strong buy
+60/100
Last price
8.22
▼ 0.15 (1.79%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
—
Prev close
8.37
Day high
8.42
Day low
8.13
Volume
6.29M
Market cap
$1.74B
P/E (TTM)
14.17
52W range
3.10 – 8.71
Trailing performance
Returnvs SPY
1W
+3.01%
+1.1%
1M
+13.38%
+12.2%
3M
+35.64%
+31.1%
6M
+38.38%
+20.2%
YTD
+138.95%
+124.7%
1Y
+146.85%
+130.4%
3Y
+99.51%
+17.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
11 more panels on NAT open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
12.15M
Total on file
Fundamentals
Market cap$1.74B
Enterprise value$2.01B
Revenue (TTM)$371.14M
Gross profit$197.58M
EBITDA$163.82M
Net income$123.50M
EPS (TTM)$0.58
Free cash flow$72.57M
Total cash$133.29M
Total debt$406.57M
Book value / share$2.26
Shares outstanding211.75M
Float200.00M
Short % of float8.13%
Dividend yield13.14%
Beta (5Y)-0.52
Valuation & profitability ratios
Trailing P/E14.17
Forward P/E18.07
PEG ratio1.21
Price / sales—
Price / book3.64
EV / revenue5.43
EV / EBITDA12.29
Gross margin53.24%
Operating margin51.91%
Profit margin33.28%
Return on equity25.66%
Return on assets7.17%
Debt / equity85.12
Current ratio3.27
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $291.69M | $349.74M | $391.69M | $339.34M | -16.6% |
| Operating revenue | $291.69M | $349.74M | $391.69M | $339.34M | -16.6% |
| Cost of revenue | $234.55M | $243.61M | $240.91M | $284.37M | -3.7% |
| Gross profit | $57.14M | $106.14M | $150.78M | $54.97M | -46.2% |
| Selling, general & admin | $28.14M | $28.82M | $22.89M | $18.80M | -2.4% |
| Total operating expense | $27.41M | $28.82M | $22.89M | $18.80M | -4.9% |
| Net interest income | -$34.03M | -$30.68M | -$29.06M | -$26.74M | -10.9% |
| Pre-tax income | $12.32M | $46.63M | $98.83M | $15.12M | -73.6% |
| Tax provision | $48.00K | -$10.00K | $120.00K | $23.00K | +580.0% |
| Net income | $12.27M | $46.64M | $98.71M | $15.10M | -73.7% |
| Net income to common | $12.27M | $46.64M | $98.71M | $15.10M | -73.7% |
| Basic EPS | 0.06 | 0.22 | 0.47 | 0.07 | -72.7% |
| Diluted EPS | 0.06 | 0.22 | 0.47 | 0.07 | -72.7% |
| EBIT | $47.33M | $76.52M | $127.87M | $38.58M | -38.2% |
| EBITDA | $105.06M | $132.67M | $179.27M | $89.00M | -20.8% |
| Basic shares | 211.75M | 209.23M | 208.80M | 202.03M | +1.2% |
| Diluted shares | 211.75M | 209.23M | 208.80M | 202.03M | +1.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $45.86M | $39.18M | $31.08M | $59.58M | +17.1% |
| Accounts receivable | $19.04M | $16.22M | $26.29M | $20.47M | +17.4% |
| Inventory | $19.93M | $21.93M | $31.18M | $25.43M | -9.1% |
| Total current assets | $150.87M | $98.77M | $108.91M | $142.66M | +52.7% |
| Property, plant & equipment | $751.30M | $718.82M | $770.29M | $737.07M | +4.5% |
| Total assets | $902.16M | $817.59M | $879.20M | $879.88M | +10.3% |
| Total current liabilities | $67.42M | $59.78M | $70.48M | $72.41M | +12.8% |
| Current debt | $35.40M | $21.56M | $31.90M | $39.70M | +64.2% |
| Long-term debt | $388.74M | $248.14M | $269.70M | $266.34M | +56.7% |
| Total debt | $424.14M | $269.70M | $301.60M | $306.57M | +57.3% |
| Total liabilities | $456.64M | $308.77M | $340.89M | $339.90M | +47.9% |
| Retained earnings | $1.40M | -$10.87M | -$57.52M | -$156.23M | +112.9% |
| Shareholder equity | $445.52M | $508.81M | $538.33M | $539.98M | -12.4% |
| Working capital | $83.45M | $38.99M | $38.43M | $70.25M | +114.0% |
| Net tangible assets | $445.52M | $508.81M | $538.33M | $539.98M | -12.4% |
| Shares issued | 211.75M | 211.75M | 208.80M | 208.80M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $12.27M | $46.64M | $98.71M | $15.10M | -73.7% |
| Depreciation & amortisation | $57.73M | $56.15M | $51.40M | $50.42M | +2.8% |
| Stock-based compensation | $0 | $1.85M | $2.20M | $476.00K | -100.0% |
| Change in working capital | -$17.26M | $25.13M | -$4.67M | -$31.63M | -168.7% |
| Operating cash flow | $19.82M | $128.16M | $139.44M | $24.13M | -84.5% |
| Capital expenditure | -$134.45M | -$2.62M | -$73.67M | -$95.42M | -5,031.7% |
| Investing cash flow | -$87.70M | -$2.62M | -$73.67M | -$14.34M | -3,247.3% |
| Share buybacks | $0 | -$3.55M | $0 | $0 | +100.0% |
| Dividends paid | -$84.70M | -$87.69M | -$89.78M | -$22.68M | +3.4% |
| Financing cash flow | $68.99M | -$115.05M | -$95.67M | $9.01M | +160.0% |
| Free cash flow | -$114.63M | $125.54M | $65.78M | -$71.28M | -191.3% |
| End cash position | $45.86M | $44.38M | $33.36M | $63.30M | +3.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $79.30M | $77.51M | $167.91M | $45.69M | $40.15M | +2.3% |
| Operating revenue | $79.30M | $77.51M | $167.91M | $45.69M | $40.15M | +2.3% |
| Cost of revenue | $28.57M | $29.88M | $139.59M | $31.87M | $33.34M | -4.4% |
| Gross profit | $50.73M | $47.64M | $28.31M | $13.82M | $6.81M | +6.5% |
| Selling, general & admin | $9.57M | $9.28M | $7.88M | $7.04M | $6.38M | +3.1% |
| Total operating expense | -$5.07M | $7.47M | $7.15M | $7.04M | $6.38M | -167.9% |
| Operating income | $55.80M | $40.16M | $21.16M | $6.78M | $434.00K | +38.9% |
| Net interest income | -$8.76M | -$8.32M | -$9.45M | -$9.56M | -$8.40M | -5.2% |
| Pre-tax income | $68.33M | $46.29M | $11.71M | -$2.78M | -$852.00K | +47.6% |
| Net income | $68.33M | $46.29M | $11.66M | -$2.78M | -$852.00K | +47.6% |
| Net income to common | $68.33M | $46.29M | $11.66M | -$2.78M | -$852.00K | +47.6% |
| Basic EPS | 0.32 | 0.22 | 0.06 | -0.01 | 0.00 | +45.5% |
| Diluted EPS | 0.32 | 0.22 | 0.06 | -0.01 | 0.00 | +46.4% |
| EBIT | $76.26M | $54.89M | $20.30M | $7.04M | $8.39M | +38.9% |
| EBITDA | $76.26M | $54.89M | $20.30M | $7.04M | $8.39M | +38.9% |
| Basic shares | 211.75M | 211.75M | 211.75M | 211.75M | 211.75M | 0.0% |
| Diluted shares | 211.75M | 211.75M | 211.75M | 211.75M | 211.75M | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $133.29M | $81.12M | $45.86M | $67.58M | $94.49M | +64.3% |
| Cash & short-term investments | $133.29M | $81.12M | $45.86M | $67.58M | $94.49M | +64.3% |
| Accounts receivable | $21.81M | $23.18M | $19.04M | $16.06M | $14.50M | -5.9% |
| Inventory | $15.14M | $15.93M | $19.93M | $21.01M | $19.08M | -4.9% |
| Total current assets | $224.08M | $194.91M | $150.87M | $131.88M | $150.93M | +15.0% |
| Property, plant & equipment | $690.63M | $703.41M | $751.30M | $791.84M | $803.08M | -1.8% |
| Total assets | $917.50M | $901.26M | $902.16M | $926.96M | $957.39M | +1.8% |
| Total current liabilities | $68.43M | $64.98M | $67.42M | $67.50M | $64.70M | +5.3% |
| Current debt | $35.40M | $35.40M | $35.40M | $35.40M | $35.41M | 0.0% |
| Long-term debt | $371.16M | $379.99M | $388.74M | $397.65M | $406.89M | -2.3% |
| Total debt | $406.57M | $415.39M | $424.14M | $433.05M | $442.30M | -2.1% |
| Total liabilities | $439.87M | $445.32M | $456.64M | $465.84M | $472.35M | -1.2% |
| Retained earnings | — | — | $1.40M | — | — | — |
| Shareholder equity | $477.62M | $455.94M | $445.52M | $461.12M | $485.05M | +4.8% |
| Working capital | $155.65M | $129.92M | $83.45M | $64.38M | $86.23M | +19.8% |
| Net tangible assets | $477.62M | $455.94M | $445.52M | $461.12M | $485.05M | +4.8% |
| Shares issued | 211.75M | 211.75M | 211.75M | 211.75M | 211.75M | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $68.82M | $29.74M | $15.40M | $3.90M | $1.37M | — | +131.4% |
| Capital expenditure | — | — | — | -$42.00K | -$135.37M | -$284.00K | — |
| Investing cash flow | $38.95M | $50.40M | $1.25M | -$42.00K | -$98.69M | — | -22.7% |
| Dividends paid | -$46.59M | -$36.00M | -$27.53M | -$21.18M | -$14.82M | — | -29.4% |
| Financing cash flow | -$55.60M | -$44.94M | -$38.61M | -$30.61M | $88.35M | — | -23.7% |
| Free cash flow | $68.82M | $29.74M | $16.65M | $3.86M | -$134.00M | — | +131.4% |
| End cash position | $133.29M | $81.12M | $45.86M | $67.58M | $94.49M | — | +64.3% |
Options analytics
Put / call volume
0.08
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
2.50
-69.6% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
+12.5%
Puts bid over calls
Call volume
2.00K
Contracts, this expiry
Put volume
155
Contracts, this expiry
Heaviest call OI
1.00
0 contracts
Heaviest put OI
2.00
3 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | — | 0.22 | — |
| Mar 2026 | 0.19 | 0.15 | -20.8% |
| Dec 2025 | 0.14 | 0.06 | -55.6% |
| Sep 2025 | 0.03 | -0.01 | -137.5% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.11 | 2 | $69.19M | +51.4% |
| Next quarter | 0.19 | 2 | $84.71M | +44.2% |
| Current year | 0.78 | 1 | $302.31M | +65.6% |
| Next year | 0.46 | 2 | $280.02M | -7.4% |
Analyst targets & ownership
Mean target$7.50
High target$10.00
Low target$5.00
Implied upside-8.76%
Analyst count2
ConsensusHOLD
Strong buy / Buy0 / 1
Hold0
Sell / Strong sell1 / 0
Held by insiders5.74%
Held by institutions57.88%
Institutions holding345
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
7.98
+2.94% from price
SMA 20
7.87
+4.50% from price
SMA 50
7.16
+14.75% from price
SMA 100
6.46
+27.32% from price
SMA 200
5.69
+44.36% from price
EMA 12
8.02
+2.46% from price
EMA 26
7.71
+6.63% from price
EMA 50
7.29
+12.80% from price
RSI (14)
64.4
Neutral
MACD (12,26,9)
0.31
Hist 0.01
ATR (14)
0.36
4.36% of price
Realised vol 30D
35.6%
Annualised
Bollinger upper
8.53
20, 2σ
Bollinger lower
7.20
20, 2σ
50 / 200 cross
Golden
7.16 vs 5.69
Trend bias
Above 200
+44.36%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.17
Less volatile than market
Correlation to SPY
0.06
Largely independent
Realised vol 30D
35.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-18.4%
Peak to trough
Max drawdown 5Y
-53.7%
Peak to trough
ATR 14
0.36
4.36% of price
Beta (reported)
-0.52
5Y monthly, from filing
Short interest
Shares short
16.30M
Prior 15.61M
Change vs prior
+4.4%
Shorts adding
% of float
8.13%
Normal
% of shares out
7.70%
Against total outstanding
Days to cover
3.9
Liquid
Float
200.00M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 5, 26 | B. Riley Securities | MAINTAINED | Buy | Buy |
| Aug 28, 26 | B. Riley Securities | MAINTAINED | Buy | Buy |
| Apr 22, 26 | Evercore ISI Group | DOWNGRADE | In-Line | Underperform |
| Nov 28, 25 | Jefferies | MAINTAINED | Hold | Hold |
| Oct 28, 25 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
| Aug 28, 25 | Jefferies | MAINTAINED | Hold | Hold |
| May 29, 25 | Jefferies | MAINTAINED | Hold | Hold |
| Feb 28, 25 | Jefferies | MAINTAINED | Hold | Hold |
| Nov 29, 24 | Jefferies | MAINTAINED | Hold | Hold |
| Nov 14, 24 | Jefferies | MAINTAINED | Hold | Hold |
| Sep 12, 24 | Jefferies | DOWNGRADE | Buy | Hold |
| Aug 30, 24 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
Dividends & splits
Forward rate$1.08 / yr
Forward yield13.14%
5-year avg yield5.55%
Payout ratio105.08%
Ex-dividend dateSep 10, 2026
Next pay dateSep 24, 2026
Last split1008:1000
Split dateAug 10, 2017
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-09-28
Corporate Changes & Voting Matters
6-K · 2026-08-27
Corporate Changes & Voting Matters
6-K · 2026-06-01
Periodic Financial Reports
20-F · 2026-04-29
Corporate Changes & Voting Matters
6-K · 2026-03-02
Corporate Changes & Voting Matters
6-K · 2025-11-28
Corporate Changes & Voting Matters
6-K · 2025-11-24
Corporate Changes & Voting Matters
6-K · 2025-09-30
Headlines
Nordic American Tankers Ltd (NYSE: NAT) - The Hansson family now collectively own 12 million NAT shares
GlobeNewswire · 19h ago
Nordic American Tankers Ltd (NYSE: NAT) – 2026 Annual General Meeting of Shareholders (AGM)
GlobeNewswire · 9d ago
Are You Looking for a Top Momentum Pick? Why Nordic American Tankers (NAT) is a Great Choice
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Nordic American Tankers Ltd (NYSE: NAT) – the Direction is Up
GlobeNewswire · 14d ago
Nordic American Tankers Ltd (NYSE: NAT) – Exceptional conditions for our vessels
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Is KNOT Offshore Partners (KNOP) Stock Outpacing Its Transportation Peers This Year?
Zacks · 27d ago
Nordic American Tankers Ltd's Dividend Analysis
GuruFocus.com · 27d ago
Nordic American Tankers (NAT) is a Great Momentum Stock: Should You Buy?
Zacks · 28d ago
PRIVATE STRATEGY · BY QUALIFICATION
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