undamentalytics Newsletter
Sign in

Nordic American Tankers Ltd (NAT) stock

Add to watchlist

Add holding +

NYSE: NAT NYSE Marine Transportation Next results ~November 27, 2026

D Fundamentals grade

Nordic American Tankers Ltd is a US-listed company in the marine transportation industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 261% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 261% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Nordic American Tankers Ltd valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds162 adding, 91 cuttingOf 40 active managers that changed their stake, 23 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Nordic American Tankers files

Where Nordic American Tankers stands after its latest Filing

Revenue for the twelve months was $292m, down 16.6% on a year earlier, a steeper fall than the 10.7% decline a quarter earlier. Free-cash-flow margin fell to -39.3% from -25.3% a year earlier. Operating margin widened to 15.9% from -75.6%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 6 financial-health checks.

Our model value for Nordic American Tankers is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 27, 2026 (estimated)

Nordic American Tankers Ltd's trailing-twelve-month revenue fell 16.6% year on year, with a free-cash-flow margin of -39.3%. Where it stands out: stock pay as % of revenue of 0.0% ranks 1 of 34 marine transportation companies we cover. Where it lags: free-cash-flow margin of -39.3% ranks 38 of 41 marine transportation companies we cover.

Our discounted-cash-flow model values the business at ~$1.6 per share in the base case (~$0.8–$2.8 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Capital expenditure surging: TTM capex grew 15354% year over year and now absorbs 46.1% of revenue.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 134.7% over 90 days.

Things to watch

  • Revenue shrinking. Revenue fell 16.6% over the last 12 months.
  • Growth slowing. The growth rate is 5.9 points lower than a quarter earlier.
  • Margins narrowing. Operating margin is down 6.2 points on a year ago.
  • Burning cash. Free cash flow was -39.3% of revenue over the last 12 months.
  • Gross margin slipping. Gross margin is down 2.0 points on a year ago.
  • Weak cash conversion. Free cash flow was -934% of net income over the last 12 months.

Latest results

Next report
November 27, 2026; average EPS estimate $0.12

Nordic American Tankers' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-7.8%
  • 1 week-7.8%
  • 1 month-13.4%
  • This year+136.7%
  • 1 year+121.3%
  • 5 years+387.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$292M
Operating margin
15.9%
Net margin
4.2%
EPS (TTM, diluted)
$0.06

Growth

Revenue growth
−16.6%
Change in growth rate
−5.9 pts
Share count change
+0.9%

Cash

Free cash flow (TTM)
-$115M
FCF margin
-39.3%
Stock pay % of revenue
0.0%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for NAT from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Nordic American Tankers Ltd valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 261% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Nordic American Tankers Ltd as an operating company, with every model that fits that kind of business. Cost of equity 8%: the 10-year Treasury yield (4.9%) plus a beta of 0.68 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$0.1 ~$0.3–$0.9 Left out: out of range vs price (0.01x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$0.6 ~$0.3–$1.0 Left out: out of range vs price (0.08x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$0.1 ~$0.1–$0.1 Left out: out of range vs price (0.01x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Nordic American Tankers Ltd with Marine Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025
Share price$4.06$1.30$1.09$2.79$1.87$1.10$2.06$3.21$2.13$3.08
Market value$376m$134m$154m$397m$279m$178m$416m$670m$447m$652m
+ Net debt (− = net cash)$361m$330m$387m$350m$299m$286m$246m$271m$231m$378m
Enterprise value$737m$465m$541m$747m$578m$464m$662m$940m$677m$1.0bn
Multiples
Price / sales 1.1x0.5x0.5x1.3x0.8x0.9x1.2x1.7x1.3x2.2x
Price / earnings ————5.6x—27.5x6.8x9.6x53.1x
Price / free cash flow ———7.9x2.7x—21.9x10.2x3.5x—
EV / EBITDA 5.1x—24.5x7.8x3.9x—7.2x5.2x5.1x9.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 27, 2026, after the close. Analysts expect revenue of $69m and EPS of $0.12 (range $0.10 to $0.13) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.94 +4661% $302m +66%
Next $0.88 −6% $299m −1%

Next year's EPS estimate has moved +134.7% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +12.0% on 90 days ago. In the last 30 days, 1 analyst raised Nordic American Tankers Ltd's forecast and 1 cut it.

Consensus EPS forecast Nordic American Tankers Ltd, last 90 days
$0.20 $0.40 $0.60 $0.80 $1.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.83 Current fiscal year, 60 days ago: $0.71 Current fiscal year, 30 days ago: $0.71 Current fiscal year, 7 days ago: $0.78 Current fiscal year, Now: $0.94 $0.94 Next fiscal year, 90 days ago: $0.38 Next fiscal year, 60 days ago: $0.46 Next fiscal year, 30 days ago: $0.46 Next fiscal year, 7 days ago: $0.46 Next fiscal year, Now: $0.88 $0.88

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.83$0.38
60 days ago $0.71$0.46
30 days ago $0.71$0.46
7 days ago $0.78$0.46
Now $0.94$0.88

Earnings against estimates

Quarter toEstimateActualSurprise
Mar 2026 $0.19 $0.15 −20.8%
Dec 2025 $0.14 $0.06 −55.6%
Sept 2025 $0.03 −$0.01 −137.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

2 analysts, Oct 2026
Buy150%
Hold00%
Sell150%

Monthly trend

  1. Oct 2026112
  2. Sep 2026112
  3. Aug 2026112

Counts of recommendations published by analysts covering Nordic American Tankers Ltd, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.1%
of tradable shares
Days to cover
2.89
at average volume
Short interest, 1 month
−1%
to October 15, 2026
Held by institutions
58%
of shares
Held by insiders
5.7%
of shares
Employees
18
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NAT−42%+88%+56%−34%+45%+137%
Industry peers (median)+27%+10%+20%−10%+20%+28%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NAT50%67%50%25%75%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NAT−57%−36%−24%−40%−25%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 88% from June 9, 2016 to February 3, 2022. Getting back needed a 707% gain, reached on September 11, 2026, 1681 days after the low.

Price behaviour

52-week range
$3.02 – $8.79
From 52-week high
−17.1%
vs 50-day average
−4.6%
vs 200-day average
+25.5%
Volatility (1 year)
41%
Beta vs S&P 500
0.13

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Nordic American Tankers Ltd in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Nordic American Tankers Ltd
$100M $200M $300M $400M FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue (TTM), FY16 Q4: $357.5M Revenue (TTM), FY17 Q4: $297.1M Revenue (TTM), FY18 Q4: $289M Revenue (TTM), FY19 Q4: $317.2M Revenue (TTM), FY20 Q4: $354.6M Revenue (TTM), FY21 Q4: $191.1M Revenue (TTM), FY22 Q4: $339.3M Revenue (TTM), FY23 Q4: $391.7M Revenue (TTM), FY24 Q4: $349.7M Revenue (TTM), FY25 Q4: $291.7M $291.7M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY16 Q4 $357.5M
FY17 Q4 $297.1M
FY18 Q4 $289M
FY19 Q4 $317.2M
FY20 Q4 $354.6M
FY21 Q4 $191.1M
FY22 Q4 $339.3M
FY23 Q4 $391.7M
FY24 Q4 $349.7M
FY25 Q4 $291.7M
Revenue growth, TTM YoY Nordic American Tankers Ltd
-50% 0% 50% 100% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue growth, TTM YoY, FY17 Q4: -16.9% Revenue growth, TTM YoY, FY18 Q4: -2.7% Revenue growth, TTM YoY, FY19 Q4: 9.8% Revenue growth, TTM YoY, FY20 Q4: 11.8% Revenue growth, TTM YoY, FY21 Q4: -46.1% Revenue growth, TTM YoY, FY22 Q4: 77.6% Revenue growth, TTM YoY, FY23 Q4: 15.4% Revenue growth, TTM YoY, FY24 Q4: -10.7% Revenue growth, TTM YoY, FY25 Q4: -16.6% -16.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY17 Q4 -16.9%
FY18 Q4 -2.7%
FY19 Q4 9.8%
FY20 Q4 11.8%
FY21 Q4 -46.1%
FY22 Q4 77.6%
FY23 Q4 15.4%
FY24 Q4 -10.7%
FY25 Q4 -16.6%
Operating margin (TTM) Nordic American Tankers Ltd
-100% -50% 0% 50% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Operating margin (TTM), FY16 Q4: 14.9% Operating margin (TTM), FY17 Q4: -59.1% Operating margin (TTM), FY18 Q4: -13.4% Operating margin (TTM), FY19 Q4: 10.1% Operating margin (TTM), FY20 Q4: 22.9% Operating margin (TTM), FY21 Q4: -75.6% Operating margin (TTM), FY22 Q4: 12.3% Operating margin (TTM), FY23 Q4: 32.7% Operating margin (TTM), FY24 Q4: 22.1% Operating margin (TTM), FY25 Q4: 15.9% 15.9%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY16 Q4 14.9%
FY17 Q4 -59.1%
FY18 Q4 -13.4%
FY19 Q4 10.1%
FY20 Q4 22.9%
FY21 Q4 -75.6%
FY22 Q4 12.3%
FY23 Q4 32.7%
FY24 Q4 22.1%
FY25 Q4 15.9%
FCF margin (TTM) Nordic American Tankers Ltd
-40% -20% 0% 20% 40% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 FCF margin (TTM), FY16 Q4: -2.9% FCF margin (TTM), FY17 Q4: -2.0% FCF margin (TTM), FY18 Q4: -7.2% FCF margin (TTM), FY19 Q4: 15.9% FCF margin (TTM), FY20 Q4: 29.4% FCF margin (TTM), FY21 Q4: -25.3% FCF margin (TTM), FY22 Q4: 5.6% FCF margin (TTM), FY23 Q4: 16.8% FCF margin (TTM), FY24 Q4: 36.4% FCF margin (TTM), FY25 Q4: -39.3% -39.3%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY16 Q4 -2.9%
FY17 Q4 -2.0%
FY18 Q4 -7.2%
FY19 Q4 15.9%
FY20 Q4 29.4%
FY21 Q4 -25.3%
FY22 Q4 5.6%
FY23 Q4 16.8%
FY24 Q4 36.4%
FY25 Q4 -39.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Nordic American Tankers took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $292M
  2. Cost of revenue $110M · 37.7%
  3. Gross profit $182M · 62.3%
  4. Selling, general and admin $28.1M · 9.6%
  5. Other operating costs $107M · 36.8%
  6. Operating income $46.3M · 15.9%
  7. Interest and other $34M · 11.7%
  8. Net income $12.3M · 4.2%

Shares of revenue. Source: Nordic American Tankers's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 357 297 289 317 355 191 339 392 350 292
Gross profit 231 155 124 175 234 63 169 262 225 182
EBITDA 144 −75 22 96 149 −76 92 179 133 104
Operating income 53 −176 −39 32 81 −144 42 128 77 46
Net income −4 −205 −95 −10 50 −171 15 99 47 12
Diluted EPS −$0.05 −$1.97 −$0.67 −$0.07 $0.34 −$1.05 $0.07 $0.47 $0.22 $0.06
Growth (year on year)
Revenue — −16.9% −2.7% +9.8% +11.8% −46.1% +77.6% +15.4% −10.7% −16.6%
EBITDA — −152.0% — +334.5% +55.4% −151.1% — +94.3% −25.6% −22.0%
Operating income — −429.4% — — +154.1% −277.9% — +205.5% −39.5% −40.1%
Net income — — — — — −442.4% — +553.7% −52.7% −73.7%
Diluted EPS — — — — — −408.8% — +571.4% −53.2% −72.7%
Margins
Gross margin 64.8% 52.1% 42.9% 55.3% 65.9% 32.9% 49.8% 66.9% 64.4% 62.3%
EBITDA margin 40.3% −25.2% 7.6% 30.2% 42.0% −39.8% 27.2% 45.8% 38.2% 35.7%
Operating margin 14.9% −59.1% −13.4% 10.1% 22.9% −75.6% 12.3% 32.7% 22.1% 15.9%
Net margin −1.2% −69.0% −33.0% −3.3% 14.1% −89.7% 4.5% 25.2% 13.3% 4.2%
Free-cash-flow margin −2.9% −2.0% −7.2% 15.9% 29.4% −25.3% 5.6% 16.8% 36.4% −39.3%
Cash flow
Cash from operations 128 32 −16 53 111 −44 24 139 128 20
Capital spending 138 38 5 3 7 4 5 74 1 134
Free cash flow −10 −6 −21 50 104 −48 19 66 127 −115
Stock-based pay 0 1 0 0 0 0 0 2 2 0
Free cash flow after stock pay −11 −6 −21 50 104 −49 19 64 125 −115
Balance sheet
Cash 82 58 49 49 58 35 60 31 39 46
Total debt 443 389 437 399 357 321 306 302 270 424
Net debt (negative = net cash) 361 330 387 350 299 286 246 271 231 378
Diluted shares 93m 104m 142m 143m 149m 163m 202m 209m 210m 212m
Returned to shareholders
Dividends 126 59 10 14 67 10 23 90 75 76
Buybacks — — — — — — 0 0 4 0
Total returned 126 59 10 14 67 10 23 90 79 76

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · December 31, 2025
What it owns · $902m
Short-term assets $151mLonger-term assets $751m
What it owes, and who funded it · $513m
Short-term liabilities $67mShareholders' equity $446m
  • Short-term assets cover short-term liabilities $151m of assets due within a year against $67m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $46m of cash against $424m of debt.
  • Debt below 40% of shareholders' equity Debt is 95% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 56% to 95% over five years.
  • A year's operating cash flow covers at least 20% of debt $20m of operating cash flow against $424m of debt.
  • Operating profit covers interest at least five times over Operating income of $46m against $36m of interest.

From Nordic American Tankers Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$0
Dividends (TTM)
$76.2M
Returned to shareholders
-66%
of free cash flow
Buybacks, last 3 fiscal years
$3.5M
Diluted share count
+0.9%
year over year
Total shareholder yield
4.9%
dividends 4.9% + buybacks 0.0% of market value
Dividend payout ratio
621%
of net income paid out
Days sales outstanding
24 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in marine transportation
Last 12 months unless stated NAT ASC FLNG KNOP ESEA GLNG Median
Revenue, last 12 months $292m $310m $348m $364m $228m $394m $329m
Revenue growth, last 12 months −16.6% −23.6% −2.4% 14.4% 7.0% 51.1% 0.8%
Revenue growth, 3-year average — 105.3% — 70.6% 102.3% 58.0% 16.8%
Operating margin 15.9% −4.6% 50.6% 23.2% 65.6% 25.3% 18.6%
Operating margin, 3-year average −39.6% — 21.0% 31.0% 30.5% 27.9% 13.1%
Net margin 4.2% 13.2% 21.5% 6.4% 60.1% 16.7% 13.3%
Cash from operations / revenue 6.8% 26.3% 40.5% 42.7% 61.9% 97.5% 33.1%
Free-cash-flow margin −39.3% 26.3% 40.5% 9.9% 49.4% 97.5% 14.2%
Free-cash-flow margin, 3-year average −22.2% 11.4% −13.1% 23.8% 1.6% 47.0% 9.4%
Stock pay / revenue 0.0% 0.9% 0.0% — 0.9% 1.7% 0.7%
Change in share count 0.9% −2.9% 0.1% — −0.2% 4.0% 0.5%

Median of all 42 companies we cover in marine transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

42 marine transportation companies
Measure Company Peer median Rank
Revenue growth Growth -16.6% 0.8% 31 of 40
Change in growth rate Growth -5.9pp +0.7pp 27 of 40
Gross margin Profitability 62.3% 62.3% 5 of 10
Operating margin Profitability 15.9% 19.8% 23 of 40
Net margin Profitability 4.2% 13.4% 32 of 42
Free-cash-flow margin Cash generation -39.3% 13.6% 38 of 41
Stock pay as % of revenue Cash generation 0.0% 0.9% 1 of 34
Long-term debt as % of assets Balance sheet 43.1% 24.2% 28 of 35
Change in share count Balance sheet 0.9% 0.5% 23 of 39
Days sales outstanding Balance sheet 24 days 19 days 22 of 33

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$656M
Institutions reporting
272
Shares held vs prior quarter
▲ 13.2%
Positions opened / closed
56 / 20

Top buyers and sellers, Q2 2026: 162 institutions bought and 91 sold ; the biggest buyer was Goldman Sachs Group Inc (+4.5M shares) and the biggest seller American Century Companies Inc (−2.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $70.7M 12.8M 10.8% ▲ 6.2%
Dimensional Fund Advisors LP $67.3M 12.1M 10.3% ▼ 0.4%
Ameriprise Financial Inc $54.7M 9.9M 8.4% ▲ 19.6%
Morgan Stanley $52.5M 9.5M 8.0% ▲ 53.3%
Goldman Sachs Group Inc $50.1M 9.0M 7.6% ▲ 97.5%
Castleknight Management LP $39.7M 7.2M 6.1% ▲ 36.3%
Nuveen, LLC $31.2M 5.6M 4.8% ▲ 12.9%
Mirae Asset Global Etfs Holdings Ltd. $26.5M 4.8M 4.0% ▲ 4.4%
State Street Corp $25.3M 4.6M 3.9% ▲ 7.1%
Geode Capital Management, LLC $15.8M 2.8M 2.4% ▲ 11.7%
Two Sigma Investments, LP $12.5M 2.3M 1.9% ▲ 272.5%
Vanguard Portfolio Management LLC $10.3M 1.9M 1.6% ▲ 19.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Nordic American Tankers Ltd's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

No trades in Nordic American Tankers Ltd disclosed in the last 12 months; 4 earlier trades on record.

  • Chris Jacobs(R-NY 27):Purchase, $15,001 - $50,000, traded June 16, 2022, filed July 28, 2022
  • Virginia Foxx(R-NC 5):Sale (full), $15,001 - $50,000, traded September 15, 2016, filed October 7, 2016
  • Virginia Foxx(R-NC 5):Purchase, $1,001 - $15,000, traded February 10, 2016, filed March 7, 2016

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Nordic American Tankers Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Nordic American Tankers Ltd in brief

What does Nordic American Tankers Ltd do?
Nordic American Tankers Ltd is a US-listed company in the marine transportation industry. Its financial year ends in December.
What is Nordic American Tankers Ltd's stock ticker?
Nordic American Tankers Ltd trades under the ticker NAT on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Nordic American Tankers Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Nordic American Tankers Ltd reported revenue of $292M, 16.6% lower than a year earlier, according to its SEC filings.
What is Nordic American Tankers Ltd's free cash flow?
Nordic American Tankers Ltd's free-cash-flow margin is -39.3% of revenue over the trailing twelve months, ranking 38 of the 41 marine transportation companies we cover.
Who are Nordic American Tankers Ltd's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Dimensional Fund Advisors LP and Ameriprise Financial Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Nordic American Tankers Ltd buying back stock, and does it pay a dividend?
Nordic American Tankers Ltd spent $0 on share repurchases over the trailing twelve months, and its diluted share count still rose 0.9% over the year.
What is Nordic American Tankers Ltd's market cap?
On December 31, 2025, Nordic American Tankers Ltd's market capitalisation was about $652M, with a price-to-earnings ratio of 53.1 and net debt of $378M. Market figures come from third-party market data and may be delayed.
Does Nordic American Tankers Ltd pay a dividend?
Yes: Nordic American Tankers Ltd paid $76.2M in dividends over the trailing twelve months, a dividend yield of 4.94% and a payout ratio of 621.0%.
How much debt does Nordic American Tankers Ltd have?
Nordic American Tankers Ltd's debt-to-equity ratio is 95.2%, from its latest balance sheet (55.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Nordic American Tankers Ltd's competitors?
In our Marine Transportation peer group, the companies closest to Nordic American Tankers Ltd are Ardmore Shipping Corp, Flex LNG Ltd., Knot Offshore Partners LP, Euroseas LTD. and Golar LNG LTD. The side-by-side comparison below sets their revenue, margins and growth against Nordic American Tankers Ltd's.
When is Nordic American Tankers Ltd's next earnings date?
Around November 27, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Nordic American Tankers Ltd announces its own schedule.