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Nordic American Tankers/$NAT

1D1W1M3M6MYTD1Y5YMAX

About Nordic American Tankers

Nordic American Tankers Ltd owns and operates double-hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters according to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.
Ticker
$NAT
Sector
Energy
Primary listing
NYSE
Employees
18
Headquarters
Hamilton, Bermuda
Website
www.nat.bm

NAT Metrics

BasicAdvanced
$1.4B
11.44
$0.58
-0.52
$0.79
16.19%

What the Analysts think about NAT

Analyst ratings (Buy, Hold, Sell) for Nordic American Tankers stock.
Analyst projections of the future price of Nordic American Tankers stock.

Bulls say / Bears say

Fleet time-charter equivalent earnings rose to $63,000 per day in Q2 from $47,600 in Q1, while adjusted EBITDA increased to $67.6 million from $54 million. This shows the earnings leverage NAT gets when Suezmax rates strengthen. (Nordic American Tankers)
NAT reported individual September fixtures at about $183,000-$200,000 per day, against operating costs below $10,000 per vessel per day. Those unusually high rates could generate substantial cash, although spot earnings can vary sharply between voyages. (Nordic American Tankers, TradeWinds)
Near-term Suezmax demand has support from longer-haul West Africa-to-Asia voyages, renewed European demand and spillover from very strong VLCC rates, which are tightening available tonnage. As a spot-focused Suezmax owner, NAT can benefit directly if these conditions persist. (Kpler)
NAT had booked about 75% of its Q3 fleet days at roughly $54,000 per day, below the Q2 fleet average of $63,000. That lower starting point leaves results exposed to the rates achieved on the remaining spot voyages. (Nordic American Tankers)
Q2 net income included a $21.3 million gain on vessel sales and $14.6 million of insurance recoveries. These items make the headline profit less representative of earnings the fleet can repeat from normal operations. (Nordic American Tankers)
Freight rates could retreat if oil routes normalise: Kpler says a return of Yanbu cargoes could shift European trade to shorter voyages, while some eastern Suezmax routes are no longer economic. Shorter trips and less demand for vessel-days would weaken the rate environment NAT relies on. (Kpler)
Data summarised monthly by Lightyear AI. Last updated on 2 Nov 2026.

NAT Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

NAT Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

NAT News

AllArticlesVideos

Nordic American Tankers CEO on the state of global shipping & freight rates

CNBC Television1 month ago

Wall Street's Most Accurate Analysts Spotlight On 3 Energy Stocks Delivering High-Dividend Yields

Benzinga2 months ago

Funds containing NAT

Funds
Fund name
Fund size
$NAT weighting
SPDR Russell 2000 US Small Cap€R2US
$5.3B0.05%
SPDR Russell 2000 US Small Cap£R2SC
$5.3B0.05%
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