Nordic American Tankers Limited (NAT)Energy | Oil & Gas Midstream | Hamilton, Bermuda | NYSE
7.66 USD
-0.16
(-2.046%) ⇩
(Oct. 16, 2026, 4 p.m.
EDT)
After hours: 7.71 +0.05 (0.610%) ⇧ (Oct. 16, 2026, 7:07 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 1:15 a.m. EDT
The investment case here is fractured by a severe disconnect between the headline yield and the company's actual financial health. While the 12.6% yield looks attractive on the surface, the payout ratio of 105% reveals that the dividend is being funded by borrowing, not earnings, making it highly vulnerable to any downturn in tanker rates. This is confirmed by the price history, which shows a brutal 67% decline over the last nine years, with the stock failing to recover despite several years of positive annual returns recently. The market has clearly priced in a structural deterioration in the business, capping the valuation at a low P/E that offers no margin of safety. On the short end, the stock is technically oversold and trading well above its 200-day average, creating a temporary bounce opportunity, but the lack of genuine earnings growth and the precarious dividend structure prevent a long-term recommendation. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.067354 |
| AutoTheta | 0.110776 |
| AutoETS | 0.135503 |
| MSTL | 0.143005 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 14.81 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.434 |
| Excess Kurtosis | -0.87 |
| Attribute | Value |
|---|---|
| Sector | Energy |
| Ex Dividend Date | 2026-09-09 |
| Last Dividend Date | 2026-09-09 |
| Debt to Equity Ratio | 85.123 |
| Revenue per Share | 1.753 |
| Market Cap | 1,622,009,984 |
| Trailing P/E | 12.98 |
| Forward P/E | 16.84 |
| Beta | -0.52 |
| Profit Margins | 33.28% |
| Website | https://www.nat.bm |
As of Oct. 10, 2026, 1:15 a.m. EDT: Speculators are heavily positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes $4.50-$6.00) relative to calls. While there is some call volume at higher strikes ($9.00-$10.00) suggesting a speculative ceiling, the overwhelming capital allocation is in put writing and buying, indicating a fear of a significant drop rather than a bullish breakout.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 3.74% | 11.16% | 9.53% | 8.95% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-10 | 0.270000 | 3.744799 |
| 2026-06-10 | 0.220000 | 4.247104 |
| 2026-03-10 | 0.170000 | 3.165736 |
| 2025-06-12 | 0.070000 | 2.573529 |
| 2025-03-10 | 0.060000 | 2.469136 |
| 2024-12-17 | 0.040000 | 1.581028 |
| 2024-09-26 | 0.120000 | 3.314917 |
| 2024-06-28 | 0.120000 | 3.015075 |
| 2024-03-19 | 0.120000 | 3.092783 |
| 2023-12-19 | 0.060000 | 1.395349 |
| 2023-09-13 | 0.130000 | 3.513513 |
| 2023-06-14 | 0.150000 | 4.043127 |
| 2023-03-13 | 0.150000 | 3.807107 |
| 2022-12-05 | 0.050000 | 1.366120 |
| 2022-09-14 | 0.030000 | 0.898204 |
| 2022-06-13 | 0.020000 | 1.025641 |
| 2022-03-10 | 0.010000 | 0.456621 |
| 2021-12-07 | 0.010000 | 0.505051 |
| 2021-12-06 | 0.010000 | 0.543478 |
| 2021-09-23 | 0.010000 | 0.446429 |
| 2021-06-03 | 0.020000 | 0.563380 |
| 2021-03-11 | 0.020000 | 0.574713 |
| 2020-12-01 | 0.040000 | 1.311475 |
| 2020-08-27 | 0.200000 | 4.842615 |
| 2020-05-22 | 0.140000 | 3.125000 |
| 2020-02-28 | 0.070000 | 2.173913 |
| 2019-12-04 | 0.020000 | 0.576369 |
| 2019-08-29 | 0.010000 | 0.549451 |
| 2019-05-24 | 0.030000 | 1.310044 |
| 2019-02-28 | 0.040000 | 1.762115 |
| 2018-11-20 | 0.010000 | 0.347222 |
| 2018-08-21 | 0.020000 | 0.892857 |
| 2018-05-23 | 0.010000 | 0.460829 |
| 2018-02-20 | 0.030000 | 1.382488 |
| 2017-11-10 | 0.030000 | 0.709220 |
| 2017-08-10 | 0.100000 | 1.858736 |
| 2017-05-18 | 0.198413 | 2.836884 |
| 2017-02-08 | 0.198413 | 2.304151 |
| 2016-10-25 | 0.257937 | 2.854012 |
| 2016-08-15 | 0.248016 | 2.111488 |
| 2016-05-10 | 0.426587 | 2.866665 |
| 2016-01-25 | 0.426587 | 3.348907 |
| 2015-10-27 | 0.376984 | 2.564102 |
| 2015-07-27 | 0.396825 | 2.585647 |
| 2015-05-05 | 0.376984 | 3.333332 |
| 2015-01-20 | 0.218254 | 2.001820 |
| 2014-10-20 | 0.138889 | 1.790283 |
| 2014-07-23 | 0.119048 | 1.339290 |
| 2014-05-13 | 0.225024 | 2.569829 |
| 2014-02-18 | 0.117404 | 1.212122 |
| 2013-11-26 | 0.156539 | 2.061861 |
| 2013-07-29 | 0.156539 | 1.592044 |
| 2013-04-26 | 0.156539 | 1.773840 |
| 2013-01-28 | 0.156539 | 1.742924 |
| 2012-11-27 | 0.293510 | 3.229280 |
| 2012-08-15 | 0.293510 | 2.373418 |
| 2012-05-16 | 0.293510 | 2.279636 |
| 2012-02-21 | 0.293510 | 2.066116 |
| 2011-11-21 | 0.293510 | 2.248876 |
| 2011-08-17 | 0.293510 | 1.666667 |
| 2011-05-16 | 0.293510 | 1.272265 |
| 2011-02-22 | 0.244592 | 1.038639 |
| 2010-11-18 | 0.244592 | 0.939498 |
| 2010-08-18 | 0.587020 | 2.078283 |
| 2010-05-17 | 0.587020 | 2.020203 |
| 2010-02-19 | 0.244592 | 0.848322 |
| 2009-11-19 | 0.097837 | 0.313481 |
| 2009-08-19 | 0.489183 | 1.682368 |
| 2009-05-18 | 0.860962 | 2.595869 |
| 2009-02-23 | 0.851179 | 3.263317 |
| 2008-11-19 | 1.575170 | 5.448393 |
| 2008-08-19 | 1.565386 | 4.326662 |
| 2008-05-21 | 1.154472 | 2.961847 |
| 2008-02-20 | 0.489183 | 1.616030 |
| 2007-11-19 | 0.391347 | 1.268232 |
| 2007-08-15 | 1.144689 | 3.329540 |
| 2007-05-21 | 1.213174 | 3.217435 |
| 2007-02-20 | 0.978366 | 2.794857 |
| 2006-11-13 | 1.291444 | 3.978301 |
| 2006-08-14 | 1.046852 | 2.831437 |
| 2006-05-10 | 1.545819 | 4.867530 |
| 2006-02-14 | 1.839329 | 5.714287 |
| 2005-10-31 | 0.587020 | 1.866833 |
| 2005-08-08 | 0.821828 | 2.038836 |
| 2005-05-05 | 1.125121 | 2.473117 |
| 2005-02-02 | 1.584954 | 3.379225 |
| 2004-10-27 | 1.085987 | 2.970298 |
| 2004-07-27 | 0.860962 | 2.666665 |
| 2004-04-27 | 1.663223 | 6.256902 |
| 2004-01-26 | 1.125121 | 6.233061 |
| 2003-10-27 | 0.361996 | 2.841785 |
| 2003-07-24 | 0.763126 | 5.291725 |
| 2003-04-23 | 1.242525 | 9.000707 |
| 2003-01-31 | 0.616371 | 4.632354 |
| 2002-10-23 | 0.313077 | 3.121949 |
| 2002-07-24 | 0.322861 | 2.750001 |
| 2002-04-24 | 0.332645 | 2.223679 |
| 2002-01-23 | 0.352212 | 2.508712 |
| 2001-10-24 | 0.538101 | 3.848842 |
| 2001-07-25 | 0.704424 | 4.118994 |
| 2001-04-24 | 1.164256 | 5.920398 |
| 2001-01-24 | 1.379497 | 7.520002 |
| 2000-10-25 | 1.076203 | 5.028571 |
| 2000-07-25 | 0.655505 | 3.926737 |
| 2000-04-25 | 0.440265 | 3.116884 |
| 2000-01-25 | 0.332645 | 3.317077 |
| 1999-10-25 | 0.330688 | 3.072729 |
| 1999-07-23 | 0.342428 | 2.947366 |
| 1999-04-27 | 0.308185 | 2.799996 |
| 1999-01-25 | 0.330688 | 3.055369 |
| 1998-10-23 | 0.293510 | 2.513090 |
| 1998-07-23 | 0.401130 | 2.902653 |
| 1998-04-23 | 0.271986 | 1.793549 |
| 1998-01-23 | 0.391347 | 2.539685 |
| 1997-10-23 | 0.293510 | 1.632654 |
| Attribute | Value |
|---|---|
| 52 Week Change | 1.1638417 |
| Address1 | Par La Ville Place |
| Address2 | 14 Par La Ville Road |
| All Time High | 55.453804 |
| All Time Low | 1.4 |
| Ask | 7.71 |
| Ask Size | 2,100 |
| Average Analyst Rating | 3.0 - Hold |
| Average Daily Volume10 Day | 6,228,800 |
| Average Daily Volume3 Month | 4,328,590 |
| Average Volume | 4,328,590 |
| Average Volume10Days | 6,228,800 |
| Beta | -0.523 |
| Bid | 7.7 |
| Bid Size | 4,600 |
| Book Value | 2.256 |
| City | Hamilton |
| Country | Bermuda |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 7.66 |
| Current Ratio | 3.274 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 8.1 |
| Day Low | 7.66 |
| Debt To Equity | 85.123 |
| Display Name | Nordic American Tankers |
| Dividend Date | 1,790,208,000 |
| Dividend Rate | 1.08 |
| Dividend Yield | 14.1 |
| Earnings Timestamp End | 1,795,809,600 |
| Earnings Timestamp Start | 1,795,809,600 |
| Ebitda | 163,818,000 |
| Ebitda Margins | 0.4414 |
| Enterprise To Ebitda | 11.569 |
| Enterprise To Revenue | 5.107 |
| Enterprise Value | 1,895,282,048 |
| Eps Current Year | 0.78 |
| Eps Forward | 0.455 |
| Eps Trailing Twelve Months | 0.59 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,788,998,400 |
| Exchange | NYQ |
| Exchange Data Delayed By | 20 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 7.47 |
| Fifty Day Average Change | 0.19000006 |
| Fifty Day Average Change Percent | 0.025435083 |
| Fifty Two Week Change Percent | 116.38417 |
| Fifty Two Week High | 8.88 |
| Fifty Two Week High Change | -1.2200003 |
| Fifty Two Week High Change Percent | -0.13738741 |
| Fifty Two Week Low | 3.33 |
| Fifty Two Week Low Change | 4.33 |
| Fifty Two Week Low Change Percent | 1.3003004 |
| Fifty Two Week Range | 3.33 - 8.88 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 875,626,200,000 |
| Five Year Avg Dividend Yield | 5.58 |
| Float Shares | 199,604,645 |
| Forward Eps | 0.455 |
| Forward P E | 16.835163 |
| Free Cashflow | 72,565,376 |
| Full Exchange Name | NYSE |
| Full Time Employees | 18 |
| Fullday Change | -0.11330032 |
| Fullday Change Percent | -1.4488533 |
| Fullday Price | 7.66 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.53238 |
| Gross Profits | 197,584,992 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.05736 |
| Held Percent Institutions | 0.58036 |
| Implied Shares Outstanding | 211,750,663 |
| Industry | Oil & Gas Midstream |
| Industry Disp | Oil & Gas Midstream |
| Industry Key | oil-gas-midstream |
| Ir Website | http://www.nat.bm/IR/index.html |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Dividend Date | 1,788,998,400 |
| Last Dividend Value | 0.27 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,502,323,200 |
| Last Split Factor | 1,008:1000 |
| Long Business Summary | Nordic American Tankers Limited, a tanker company, owns, operates, and charters double-hull tankers in Bermuda and internationally. As of December 31, 2025, the company fleet consisted of 20 Suezmax crude oil tankers. It serves oil companies, oil traders, and other entities requiring crude oil transportation services. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to American Tankers Limited in June, 2011. The company was incorporated in 1995 and is based in Hamilton, Bermuda. |
| Long Name | Nordic American Tankers Limited |
| Market | us_market |
| Market Cap | 1,622,009,984 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_390562 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 123,503,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 1,613,540,052 |
| Number Of Analyst Opinions | 2 |
| Open | 7.92 |
| Operating Cashflow | 117,858,000 |
| Operating Margins | 0.51907 |
| Payout Ratio | 1.0508 |
| Peg Ratio | 1.21 |
| Phone | 441 292 7202 |
| Post Market Change | 0.0467 |
| Post Market Change Percent | 0.6096606 |
| Post Market Price | 7.7067 |
| Post Market Time | 1,792,192,056 |
| Previous Close | 7.82 |
| Price Eps Current Year | 9.820513 |
| Price Hint | 2 |
| Price To Book | 3.39539 |
| Price To Sales Trailing12 Months | 4.3704042 |
| Profit Margins | 0.33277 |
| Quick Ratio | 2.266 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | hold |
| Recommendation Mean | 3.0 |
| Region | US |
| Regular Market Change | -0.16 |
| Regular Market Change Percent | -2.04604 |
| Regular Market Day High | 8.1 |
| Regular Market Day Low | 7.66 |
| Regular Market Day Range | 7.66 - 8.1 |
| Regular Market Open | 7.92 |
| Regular Market Previous Close | 7.82 |
| Regular Market Price | 7.66 |
| Regular Market Time | 1,792,180,802 |
| Regular Market Volume | 4,553,611 |
| Return On Assets | 0.07165 |
| Return On Equity | 0.25658 |
| Revenue Growth | 0.975 |
| Revenue Per Share | 1.753 |
| Sand P52 Week Change | 0.13723719 |
| Sector | Energy |
| Sector Disp | Energy |
| Sector Key | energy |
| Shares Outstanding | 211,750,663 |
| Shares Percent Shares Out | 0.0731 |
| Shares Short | 15,481,940 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 16,281,609 |
| Short Name | Nordic American Tankers Limited |
| Short Percent Of Float | 0.077199996 |
| Short Ratio | 3.1 |
| Source Interval | 15 |
| Symbol | NAT |
| Target High Price | 10.0 |
| Target Low Price | 5.0 |
| Target Mean Price | 7.5 |
| Target Median Price | 7.5 |
| Total Cash | 133,294,000 |
| Total Cash Per Share | 0.629 |
| Total Debt | 406,566,016 |
| Total Revenue | 371,135,008 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.79 |
| Trailing Annual Dividend Yield | 0.10102302 |
| Trailing Eps | 0.59 |
| Trailing P E | 12.983051 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 5.89055 |
| Two Hundred Day Average Change | 1.7694497 |
| Two Hundred Day Average Change Percent | 0.30038786 |
| Type Disp | Equity |
| Volume | 4,553,611 |
| Website | https://www.nat.bm |
| Zip | HM 08 |