Nordic American Tankers Limited share price today
Nordic American Tankers Limited · NAT · Energy · Oil & Gas Midstream · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists
Nordic American Tankers Limited share price: $7.02 at the close on 4 November 2026, +97.2% in a year.
Nordic American Tankers Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.
The main question: the share price moved +97.2% in a year while yearly earnings per share moved −73.7%. The difference came from the market paying a higher multiple.
The price has been between phases, and the P/E is lower than 87% of its own last 1 year. Over the last four quarters, results have been improving, and 182% of the last 3 years' profit came in as cash. What will decide it: whether earnings grow into a price that has already moved.
What is the Nordic American Tankers Limited share price today?
Nordic American Tankers Limited's share price was $7.02 at the close on 4 November 2026. That is 14.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between $3 and $8, and at that close it sat 72% of the way up from that low.
A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.
Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 16 weeks in a row.
Nov 2026: $7.02, 14.3% above its 200-day average.
- Price $7.02
- 50-day avg $7.71
- 200-day avg $6.14
| Week | Price | 50-day avg | 200-day avg |
|---|---|---|---|
| 11 Jul 2025 | $2.74 | – | – |
| 18 Jul 2025 | $2.68 | – | – |
| 25 Jul 2025 | $2.73 | – | – |
| 1 Aug 2025 | $2.75 | – | – |
| 8 Aug 2025 | $2.87 | – | – |
| 15 Aug 2025 | $2.84 | – | – |
| 22 Aug 2025 | $3.05 | – | – |
| 29 Aug 2025 | $3.11 | – | – |
| 5 Sep 2025 | $3.27 | – | – |
| 12 Sep 2025 | $3.16 | – | – |
| 19 Sep 2025 | $3.26 | $2.95 | – |
| 26 Sep 2025 | $3.20 | $3.01 | – |
| 3 Oct 2025 | $3.33 | $3.06 | – |
| 10 Oct 2025 | $3.22 | $3.10 | – |
| 17 Oct 2025 | $3.48 | $3.15 | – |
| 24 Oct 2025 | $3.57 | $3.22 | – |
| 31 Oct 2025 | $3.68 | $3.30 | – |
| 7 Nov 2025 | $3.56 | $3.35 | – |
| 14 Nov 2025 | $3.72 | $3.40 | – |
| 21 Nov 2025 | $3.85 | $3.46 | – |
| 28 Nov 2025 | $3.64 | $3.50 | – |
| 5 Dec 2025 | $3.74 | $3.54 | – |
| 12 Dec 2025 | $3.43 | $3.57 | – |
| 19 Dec 2025 | $3.37 | $3.58 | – |
| 26 Dec 2025 | $3.43 | $3.60 | – |
| 2 Jan 2026 | $3.37 | $3.59 | – |
| 9 Jan 2026 | $3.91 | $3.60 | – |
| 16 Jan 2026 | $4.09 | $3.65 | – |
| 23 Jan 2026 | $4.06 | $3.68 | – |
| 30 Jan 2026 | $4.16 | $3.73 | – |
| 6 Feb 2026 | $4.26 | $3.77 | – |
| 13 Feb 2026 | $4.54 | $3.84 | – |
| 20 Feb 2026 | $4.93 | $3.92 | – |
| 27 Feb 2026 | $5.73 | $4.10 | – |
| 6 Mar 2026 | $5.62 | $4.33 | – |
| 13 Mar 2026 | $5.02 | $4.51 | – |
| 20 Mar 2026 | $5.25 | $4.70 | – |
| 27 Mar 2026 | $5.66 | $4.86 | – |
| 2 Apr 2026 | $6.15 | $5.00 | – |
| 10 Apr 2026 | $5.72 | $5.19 | – |
| 17 Apr 2026 | $6.03 | $5.36 | – |
| 24 Apr 2026 | $5.54 | $5.50 | $3.93 |
| 1 May 2026 | $5.76 | $5.60 | $4.01 |
| 8 May 2026 | $5.92 | $5.68 | $4.09 |
| 15 May 2026 | $5.47 | $5.66 | $4.16 |
| 22 May 2026 | $5.40 | $5.68 | $4.22 |
| 29 May 2026 | $5.15 | $5.67 | $4.27 |
| 5 Jun 2026 | $5.39 | $5.65 | $4.33 |
| 12 Jun 2026 | $5.56 | $5.61 | $4.39 |
| 18 Jun 2026 | $5.85 | $5.57 | $4.44 |
| 26 Jun 2026 | $5.85 | $5.61 | $4.52 |
| 2 Jul 2026 | $5.81 | $5.59 | $4.56 |
| 10 Jul 2026 | $6.17 | $5.63 | $4.63 |
| 17 Jul 2026 | $6.05 | $5.68 | $4.70 |
| 24 Jul 2026 | $6.45 | $5.73 | $4.78 |
| 31 Jul 2026 | $6.53 | $5.83 | $4.86 |
| 7 Aug 2026 | $6.46 | $5.92 | $4.94 |
| 14 Aug 2026 | $6.71 | $6.05 | $5.01 |
| 21 Aug 2026 | $6.97 | $6.21 | $5.09 |
| 28 Aug 2026 | $6.77 | $6.35 | $5.17 |
| 4 Sep 2026 | $7.25 | $6.42 | $5.26 |
| 11 Sep 2026 | $7.46 | $6.55 | $5.32 |
| 18 Sep 2026 | $8.25 | $6.76 | $5.43 |
| 25 Sep 2026 | $7.72 | $6.91 | $5.53 |
| 2 Oct 2026 | $8.42 | $7.09 | $5.65 |
| 9 Oct 2026 | $8.47 | $7.28 | $5.77 |
| 16 Oct 2026 | $7.66 | $7.47 | $5.89 |
| 23 Oct 2026 | $7.86 | $7.59 | $5.99 |
| 30 Oct 2026 | $7.91 | $7.69 | $6.09 |
| 4 Nov 2026 | $7.02 | $7.71 | $6.14 |
Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Ahead in 48 of 57 weeks
| Week | 13-week return vs S&P 500 |
|---|---|
| 11 Jul 2025 | no S&P 500 reading |
| 18 Jul 2025 | no S&P 500 reading |
| 25 Jul 2025 | no S&P 500 reading |
| 1 Aug 2025 | no S&P 500 reading |
| 8 Aug 2025 | no S&P 500 reading |
| 15 Aug 2025 | no S&P 500 reading |
| 22 Aug 2025 | no S&P 500 reading |
| 29 Aug 2025 | no S&P 500 reading |
| 5 Sep 2025 | no S&P 500 reading |
| 12 Sep 2025 | no S&P 500 reading |
| 19 Sep 2025 | no S&P 500 reading |
| 26 Sep 2025 | no S&P 500 reading |
| 3 Oct 2025 | no S&P 500 reading |
| 10 Oct 2025 | +12.8% |
| 17 Oct 2025 | +24.0% |
| 24 Oct 2025 | +24.5% |
| 31 Oct 2025 | +24.1% |
| 7 Nov 2025 | +18.7% |
| 14 Nov 2025 | +26.6% |
| 21 Nov 2025 | +24.1% |
| 28 Nov 2025 | +11.1% |
| 5 Dec 2025 | +8.4% |
| 12 Dec 2025 | +4.8% |
| 19 Dec 2025 | +0.8% |
| 26 Dec 2025 | +2.9% |
| 2 Jan 2026 | −0.9% |
| 9 Jan 2026 | +15.1% |
| 16 Jan 2026 | +13.4% |
| 23 Jan 2026 | +12.0% |
| 30 Jan 2026 | +11.6% |
| 6 Feb 2026 | +16.7% |
| 13 Feb 2026 | +20.6% |
| 20 Feb 2026 | +23.4% |
| 27 Feb 2026 | +57.0% |
| 6 Mar 2026 | +52.2% |
| 13 Mar 2026 | +49.2% |
| 20 Mar 2026 | +60.5% |
| 27 Mar 2026 | +73.2% |
| 2 Apr 2026 | +86.5% |
| 10 Apr 2026 | +48.4% |
| 17 Apr 2026 | +44.8% |
| 24 Apr 2026 | +32.9% |
| 1 May 2026 | +34.3% |
| 8 May 2026 | +32.2% |
| 15 May 2026 | +12.1% |
| 22 May 2026 | +1.4% |
| 29 May 2026 | −20.4% |
| 5 Jun 2026 | −13.8% |
| 12 Jun 2026 | −1.2% |
| 18 Jun 2026 | −3.7% |
| 26 Jun 2026 | −11.6% |
| 2 Jul 2026 | −19.1% |
| 10 Jul 2026 | −3.2% |
| 17 Jul 2026 | −4.3% |
| 24 Jul 2026 | +12.9% |
| 31 Jul 2026 | +9.7% |
| 7 Aug 2026 | +4.3% |
| 14 Aug 2026 | +17.6% |
| 21 Aug 2026 | +26.4% |
| 28 Aug 2026 | +29.8% |
| 4 Sep 2026 | +30.1% |
| 11 Sep 2026 | +31.1% |
| 18 Sep 2026 | +39.0% |
| 25 Sep 2026 | +26.2% |
| 2 Oct 2026 | +41.6% |
| 9 Oct 2026 | +34.1% |
| 16 Oct 2026 | +23.9% |
| 23 Oct 2026 | +19.0% |
| 30 Oct 2026 | +20.0% |
| 4 Nov 2026 | +9.5% |
Over the last 1 year the share price moved +156% while the S&P 500 moved +23%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.
This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.
What dividend does Nordic American Tankers Limited pay?
Nordic American Tankers Limited paid $0.79 per share over the last four reported quarters. The most recent declaration was $0.27 for Jun 2026. At today's price of $7.02 that is a yield of 11.25%, based on dividends already paid, not a forecast.
A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.
Dividend per share each quarter: latest $0.27 (Jun 2026)
- Dividend per share $0.27
| Quarter | Dividend per share |
|---|---|
| Sep 2023 | $0.06 |
| Dec 2023 | $0.12 |
| Mar 2024 | $0.12 |
| Jun 2024 | $0.12 |
| Sep 2024 | $0.04 |
| Dec 2024 | $0.06 |
| Mar 2025 | $0.07 |
| Jun 2025 | $0.10 |
| Sep 2025 | $0.13 |
| Dec 2025 | $0.17 |
| Mar 2026 | $0.22 |
| Jun 2026 | $0.27 |
Which stock lists is Nordic American Tankers Limited on?
Nordic American Tankers Limited is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.
Is Nordic American Tankers Limited profitable?
Nordic American Tankers Limited earned $68.3 M of net profit in the Jun 2026 quarter. Full-year FY25 profit was $12.3 M. That is 86.2% of the quarter's revenue. The same quarter a year earlier lost $852 K. 2 of the last 10 reported quarters were loss-making.
Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.
For the full year, FY25 profit was $12.3 M (−73.7% on the year before).
FY25 profit $12.3 M (−73.7% on the year before)
- Net profit $12.3 M
| Quarter | Net profit |
|---|---|
| FY21 | −$171 M |
| FY22 | $15.1 M |
| FY23 | $98.7 M |
| FY24 | $46.6 M |
| FY25 | $12.3 M |
Growth on a year earlier
- Growth on a year earlier −73.7%
| Quarter | Growth on a year earlier |
|---|---|
| FY21 | – |
| FY22 | – |
| FY23 | 553.7% |
| FY24 | −52.7% |
| FY25 | −73.7% |
Jun 2026: $68.3 M
- Net profit (quarterly) $68.3 M
| Quarter | Net profit (quarterly) |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | $15.1 M |
| Jun 2024 | $6.5 M |
| Sep 2024 | $8.7 M |
| Dec 2024 | $1.3 M |
| Mar 2025 | $4.2 M |
| Jun 2025 | −$0.9 M |
| Sep 2025 | −$2.8 M |
| Dec 2025 | $11.7 M |
| Mar 2026 | $46.3 M |
| Jun 2026 | $68.3 M |
Growth on a year earlier
- Growth on a year earlier 990.2%
| Quarter | Growth on a year earlier |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | – |
| Dec 2024 | – |
| Mar 2025 | −71.8% |
| Jun 2025 | −113% |
| Sep 2025 | −132% |
| Dec 2025 | 800.4% |
| Mar 2026 | 990.2% |
| Jun 2026 | – |
On average over the last four quarters, profit changed +552.9% and revenue +47.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit.
How much revenue does Nordic American Tankers Limited make, and is it growing?
Nordic American Tankers Limited reported $79.3 M of revenue in the Jun 2026 quarter, +97.5% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 4 years it has grown 11.2% a year on average. The last full year, FY25, came in at $292 M.
Revenue is everything the company billed its customers in the period.
The last four reported quarters add to $371 M.
This company files some results as half-year totals. Each Jun quarter shown here is that half-year figure minus the quarter before it, so the four quarters of a year add up to the year. The quarterly figures for FY22, FY23 do not add up to the full-year total on file, so those quarters are left out of the charts and sums.
FY25 revenue was $292 M, −16.4% on the year before.
FY25 revenue $292 M (−16.4% on the year before), 11.2% a year over 4 years
- Revenue $292 M
| Quarter | Revenue |
|---|---|
| FY21 | $191 M |
| FY22 | $339 M |
| FY23 | $392 M |
| FY24 | $350 M |
| FY25 | $292 M |
Growth on a year earlier
- Growth on a year earlier −16.4%
| Quarter | Growth on a year earlier |
|---|---|
| FY21 | – |
| FY22 | 77.6% |
| FY23 | 15.4% |
| FY24 | −10.7% |
| FY25 | −16.4% |
Jun 2026: $79.3 M (+97.5% on a year earlier), the 2nd quarter in a row of growth
- Revenue (quarterly) $79.3 M
| Quarter | Revenue (quarterly) |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | $60.6 M |
| Jun 2024 | $72.0 M |
| Sep 2024 | $52.0 M |
| Dec 2024 | $171 M |
| Mar 2025 | $37.9 M |
| Jun 2025 | $40.2 M |
| Sep 2025 | $45.7 M |
| Dec 2025 | $169 M |
| Mar 2026 | $77.5 M |
| Jun 2026 | $79.3 M |
Growth on a year earlier
- Growth on a year earlier 97.5%
| Quarter | Growth on a year earlier |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | – |
| Dec 2024 | – |
| Mar 2025 | −37.4% |
| Jun 2025 | −44.2% |
| Sep 2025 | −12.2% |
| Dec 2025 | −1.4% |
| Mar 2026 | 104.3% |
| Jun 2026 | 97.5% |
Recent pace: the last four quarters grew +47.0% on average, against 11.2% a year over the longer run, so this year is growing faster than its own long-run rate.
How much of every $100 of sales does Nordic American Tankers Limited keep?
Nordic American Tankers Limited's operating margin was 51.9% in the Jun 2026 quarter, 50.8 percentage points higher than the same quarter a year ago. Across 5 years it has been between −46.5% and 32.7%. The latest quarter is above every full year in that period.
Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.
Why the margin moved: operating margin changed +50.8 percentage points on the year while gross margin changed +26.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.
FY25: 10.2%, within a range of −46.5% to 32.7% over 5 years
- Operating margin 10.2%
| Quarter | Operating margin |
|---|---|
| FY21 | −46.5% |
| FY22 | 10.7% |
| FY23 | 32.7% |
| FY24 | 22.1% |
| FY25 | 10.2% |
Change on the year before (points)
- Change on the year before (points) −11.9 pts
| Quarter | Change on the year before (points) |
|---|---|
| FY21 | – |
| FY22 | +57.2 pts |
| FY23 | +22.0 pts |
| FY24 | −10.6 pts |
| FY25 | −11.9 pts |
Jun 2026: operating margin 51.9% (+50.8 points on a year earlier)
- Operating margin 51.9%
| Quarter | Operating margin |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | 38.1% |
| Jun 2024 | 8.6% |
| Sep 2024 | 31.2% |
| Dec 2024 | 5.1% |
| Mar 2025 | 3.6% |
| Jun 2025 | 1.1% |
| Sep 2025 | 14.8% |
| Dec 2025 | 12.5% |
| Mar 2026 | 49.5% |
| Jun 2026 | 51.9% |
Change on a year earlier (points)
- Change on a year earlier (points) +50.8 pts
| Quarter | Change on a year earlier (points) |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | – |
| Dec 2024 | – |
| Mar 2025 | −34.5 pts |
| Jun 2025 | −7.5 pts |
| Sep 2025 | −16.4 pts |
| Dec 2025 | +7.4 pts |
| Mar 2026 | +45.9 pts |
| Jun 2026 | +50.8 pts |
Is Nordic American Tankers Limited's profit turning into cash?
Over the last 3 years, 182% of Nordic American Tankers Limited's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $19.8 M of operating cash against $12.3 M of profit.
The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.
After $134 M of spending on assets, free cash was −$115 M: it spent more than its operations brought in.
Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.
FY25: operating cash $19.8 M against profit $12.3 M; 182% of 3 years' profit came in as cash
- Operating cash $19.8 M
- Net profit $12.3 M
- Free cash $126 M
| Quarter | Operating cash | Net profit | Free cash |
|---|---|---|---|
| FY21 | −$44.5 M | −$171 M | −$62.2 M |
| FY22 | $24.1 M | $15.1 M | −$71.3 M |
| FY23 | $139 M | $98.7 M | $65.8 M |
| FY24 | $128 M | $46.6 M | $126 M |
| FY25 | $19.8 M | $12.3 M | – |
Jun 2026: operating cash $68.8 M = 101% of the quarter's profit
- Operating cash (quarterly) $68.8 M
| Quarter | Operating cash (quarterly) |
|---|---|
| Sep 2023 | $27.0 M |
| Dec 2023 | $13.4 M |
| Mar 2024 | $37.6 M |
| Jun 2024 | $32.8 M |
| Sep 2024 | $34.8 M |
| Dec 2024 | $23.0 M |
| Mar 2025 | −$0.8 M |
| Jun 2025 | $1.4 M |
| Sep 2025 | $3.9 M |
| Dec 2025 | $15.4 M |
| Mar 2026 | $29.7 M |
| Jun 2026 | $68.8 M |
Operating cash as % of profit
- Operating cash as % of profit 101%
| Quarter | Operating cash as % of profit |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | 250% |
| Jun 2024 | 500% |
| Sep 2024 | 401% |
| Dec 2024 | 1,775% |
| Mar 2025 | −20% |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | 132% |
| Mar 2026 | 64% |
| Jun 2026 | 101% |
Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.
What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.
Where does Nordic American Tankers Limited's cash go?
Nordic American Tankers Limited does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $211 M on assets over the last 3 years. Averaged over those years that is 24.0% of FY25 revenue a year.
Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.
Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.
Spending on assets: $211 M over the last 3 years.
FY25: capex $134 M, up from the year before
- Capex $134 M
| Quarter | Capex |
|---|---|
| FY21 | $17.7 M |
| FY22 | $95.4 M |
| FY23 | $73.7 M |
| FY24 | $2.6 M |
| FY25 | $134 M |
Dec 2025: capex $1.2 M in the quarter
- Capex (quarterly) $1.2 M
| Quarter | Capex (quarterly) |
|---|---|
| Mar 2023 | $0.2 M |
| Jun 2023 | $0.1 M |
| Sep 2023 | $0.1 M |
| Dec 2023 | $73.2 M |
| Mar 2024 | $0.2 M |
| Jun 2024 | $1.9 M |
| Sep 2024 | $0.5 M |
| Dec 2024 | $0.1 M |
| Mar 2025 | $13.5 M |
| Jun 2025 | $122 M |
| Sep 2025 | $0 |
| Dec 2025 | $1.2 M |
Free cash
- Free cash $16.6 M
| Quarter | Free cash |
|---|---|
| Mar 2023 | $50.9 M |
| Jun 2023 | $47.9 M |
| Sep 2023 | $26.8 M |
| Dec 2023 | −$59.8 M |
| Mar 2024 | $37.4 M |
| Jun 2024 | $30.9 M |
| Sep 2024 | $34.4 M |
| Dec 2024 | $22.9 M |
| Mar 2025 | −$14.4 M |
| Jun 2025 | −$121 M |
| Sep 2025 | $3.9 M |
| Dec 2025 | $16.6 M |
In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.
What is Nordic American Tankers Limited's P/E ratio, and how does it compare with its own history?
Nordic American Tankers Limited's P/E is 12.0×, near the low end of its own history: it has been lower only 13% of the time. Its usual P/E (the middle reading) is 44.3×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.
P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.
P/E 12.0× against a usual 44.3×: near the low end of its own history: it has been lower only 13% of the time
- P/E 12.0×
- Median 44.3×
| Week | P/E | Median |
|---|---|---|
| 11 Jul 2025 | 44.2× | 44.3× |
| 18 Jul 2025 | 43.2× | 44.3× |
| 25 Jul 2025 | 44.0× | 44.3× |
| 1 Aug 2025 | 44.4× | 44.3× |
| 8 Aug 2025 | 46.3× | 44.3× |
| 15 Aug 2025 | 45.8× | 44.3× |
| 22 Aug 2025 | 49.2× | 44.3× |
| 29 Aug 2025 | 50.2× | 44.3× |
| 5 Sep 2025 | 52.7× | 44.3× |
| 12 Sep 2025 | 51.0× | 44.3× |
| 19 Sep 2025 | 52.6× | 44.3× |
| 26 Sep 2025 | 51.6× | 44.3× |
| 3 Oct 2025 | 132.8× | 44.3× |
| 10 Oct 2025 | 132.8× | 44.3× |
| 17 Oct 2025 | 132.8× | 44.3× |
| 24 Oct 2025 | 132.8× | 44.3× |
| 31 Oct 2025 | 132.8× | 44.3× |
| 7 Nov 2025 | 132.8× | 44.3× |
| 14 Nov 2025 | 132.8× | 44.3× |
| 21 Nov 2025 | 132.8× | 44.3× |
| 28 Nov 2025 | 132.8× | 44.3× |
| 5 Dec 2025 | 132.8× | 44.3× |
| 12 Dec 2025 | 132.8× | 44.3× |
| 19 Dec 2025 | 132.8× | 44.3× |
| 26 Dec 2025 | 132.8× | 44.3× |
| 2 Jan 2026 | 58.1× | 44.3× |
| 9 Jan 2026 | 67.4× | 44.3× |
| 16 Jan 2026 | 70.5× | 44.3× |
| 23 Jan 2026 | 70.0× | 44.3× |
| 30 Jan 2026 | 71.7× | 44.3× |
| 6 Feb 2026 | 73.5× | 44.3× |
| 13 Feb 2026 | 78.3× | 44.3× |
| 20 Feb 2026 | 85.0× | 44.3× |
| 27 Feb 2026 | 98.8× | 44.3× |
| 6 Mar 2026 | 96.9× | 44.3× |
| 13 Mar 2026 | 86.5× | 44.3× |
| 20 Mar 2026 | 90.5× | 44.3× |
| 27 Mar 2026 | 97.6× | 44.3× |
| 2 Apr 2026 | 23.9× | 44.3× |
| 10 Apr 2026 | 22.3× | 44.3× |
| 17 Apr 2026 | 23.5× | 44.3× |
| 24 Apr 2026 | 21.6× | 44.3× |
| 1 May 2026 | 22.4× | 44.3× |
| 8 May 2026 | 23.0× | 44.3× |
| 15 May 2026 | 21.3× | 44.3× |
| 22 May 2026 | 21.0× | 44.3× |
| 29 May 2026 | 20.0× | 44.3× |
| 5 Jun 2026 | 21.0× | 44.3× |
| 12 Jun 2026 | 21.6× | 44.3× |
| 18 Jun 2026 | 22.8× | 44.3× |
| 26 Jun 2026 | 22.8× | 44.3× |
| 2 Jul 2026 | 9.97× | 44.3× |
| 10 Jul 2026 | 10.6× | 44.3× |
| 17 Jul 2026 | 10.4× | 44.3× |
| 24 Jul 2026 | 11.1× | 44.3× |
| 31 Jul 2026 | 11.2× | 44.3× |
| 7 Aug 2026 | 11.1× | 44.3× |
| 14 Aug 2026 | 11.5× | 44.3× |
| 21 Aug 2026 | 12.0× | 44.3× |
| 28 Aug 2026 | 11.6× | 44.3× |
| 4 Sep 2026 | 12.4× | 44.3× |
| 11 Sep 2026 | 12.8× | 44.3× |
| 18 Sep 2026 | 14.2× | 44.3× |
| 25 Sep 2026 | 13.2× | 44.3× |
| 2 Oct 2026 | 14.4× | 44.3× |
| 9 Oct 2026 | 14.5× | 44.3× |
| 16 Oct 2026 | 13.1× | 44.3× |
| 23 Oct 2026 | 13.5× | 44.3× |
| 30 Oct 2026 | 13.6× | 44.3× |
| 4 Nov 2026 | 12.0× | 44.3× |
Earnings per share, 12 months
- Earnings per share, 12 months $0.58
| Week | Earnings per share, 12 months |
|---|---|
| 11 Jul 2025 | – |
| 18 Jul 2025 | – |
| 25 Jul 2025 | – |
| 1 Aug 2025 | – |
| 8 Aug 2025 | – |
| 15 Aug 2025 | – |
| 22 Aug 2025 | – |
| 29 Aug 2025 | – |
| 5 Sep 2025 | – |
| 12 Sep 2025 | – |
| 19 Sep 2025 | – |
| 26 Sep 2025 | $0.06 |
| 3 Oct 2025 | $0.06 |
| 10 Oct 2025 | $0.06 |
| 17 Oct 2025 | $0.06 |
| 24 Oct 2025 | $0.06 |
| 31 Oct 2025 | $0.06 |
| 7 Nov 2025 | $0.06 |
| 14 Nov 2025 | $0.06 |
| 21 Nov 2025 | $0.06 |
| 28 Nov 2025 | $0.06 |
| 5 Dec 2025 | $0.06 |
| 12 Dec 2025 | $0.06 |
| 19 Dec 2025 | $0.06 |
| 26 Dec 2025 | $0.01 |
| 2 Jan 2026 | $0.01 |
| 9 Jan 2026 | $0.01 |
| 16 Jan 2026 | $0.01 |
| 23 Jan 2026 | $0.01 |
| 30 Jan 2026 | $0.01 |
| 6 Feb 2026 | $0.01 |
| 13 Feb 2026 | $0.01 |
| 20 Feb 2026 | $0.01 |
| 27 Feb 2026 | $0.01 |
| 6 Mar 2026 | $0.01 |
| 13 Mar 2026 | $0.01 |
| 20 Mar 2026 | $0.01 |
| 27 Mar 2026 | $0.06 |
| 2 Apr 2026 | $0.06 |
| 10 Apr 2026 | $0.06 |
| 17 Apr 2026 | $0.06 |
| 24 Apr 2026 | $0.06 |
| 1 May 2026 | $0.06 |
| 8 May 2026 | $0.06 |
| 15 May 2026 | $0.06 |
| 22 May 2026 | $0.06 |
| 29 May 2026 | $0.06 |
| 5 Jun 2026 | $0.06 |
| 12 Jun 2026 | $0.06 |
| 18 Jun 2026 | $0.06 |
| 26 Jun 2026 | $0.26 |
| 2 Jul 2026 | $0.26 |
| 10 Jul 2026 | $0.26 |
| 17 Jul 2026 | $0.26 |
| 24 Jul 2026 | $0.26 |
| 31 Jul 2026 | $0.26 |
| 7 Aug 2026 | $0.26 |
| 14 Aug 2026 | $0.26 |
| 21 Aug 2026 | $0.26 |
| 28 Aug 2026 | $0.26 |
| 4 Sep 2026 | $0.26 |
| 11 Sep 2026 | $0.26 |
| 18 Sep 2026 | $0.26 |
| 25 Sep 2026 | $0.58 |
| 2 Oct 2026 | $0.58 |
| 9 Oct 2026 | $0.58 |
| 16 Oct 2026 | $0.58 |
| 23 Oct 2026 | $0.58 |
| 30 Oct 2026 | $0.58 |
| 4 Nov 2026 | $0.58 |
PEG 227.22 at the Jun 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate
- PEG 6.00×
- PEG = 1.0 1.00×
| Quarter | PEG | PEG = 1.0 |
|---|---|---|
| Dec 2021 | 6.00× | 1.00× |
| Mar 2022 | 6.00× | 1.00× |
| Jun 2022 | 6.00× | 1.00× |
| Sep 2022 | 6.00× | 1.00× |
| Dec 2022 | 6.00× | 1.00× |
| Mar 2023 | 6.00× | 1.00× |
| Jun 2023 | 6.00× | 1.00× |
| Sep 2023 | 6.00× | 1.00× |
| Dec 2023 | 6.00× | 1.00× |
| Mar 2024 | 6.00× | 1.00× |
| Jun 2024 | 6.00× | 1.00× |
| Sep 2024 | 6.00× | 1.00× |
| Dec 2024 | 6.00× | 1.00× |
| Mar 2025 | 6.00× | 1.00× |
| Jun 2025 | 6.00× | 1.00× |
| Sep 2025 | 6.00× | 1.00× |
| Dec 2025 | 6.00× | 1.00× |
| Mar 2026 | 6.00× | 1.00× |
| Jun 2026 | 6.00× | 1.00× |
Why the multiple is where it is: over the past year earnings per share moved −73.7% while the price moved +97.2%. The price did better than earnings, which pushed the multiple up within its own range.
In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.
Is the Nordic American Tankers Limited business getting better or worse?
Nordic American Tankers Limited's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 1 measure, with some gaps.
Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.
Growth year by year: revenue −16.4% in FY25, profit −73.7%
- Revenue growth −16.4%
| Quarter | Revenue growth |
|---|---|
| FY21 | – |
| FY22 | 77.6% |
| FY23 | 15.4% |
| FY24 | −10.7% |
| FY25 | −16.4% |
Profit growth, EPS growth
- Profit growth −73.7%
- EPS growth −73.7%
| Quarter | Profit growth | EPS growth |
|---|---|---|
| FY21 | – | – |
| FY22 | – | – |
| FY23 | 300% | 300% |
| FY24 | −52.7% | −53.2% |
| FY25 | −73.7% | −73.7% |
Three growth lines over twelve quarters
- Revenue 97.5%
| Quarter | Revenue |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | – |
| Dec 2024 | – |
| Mar 2025 | −37.4% |
| Jun 2025 | −44.2% |
| Sep 2025 | −12.2% |
| Dec 2025 | −1.4% |
| Mar 2026 | 104.3% |
| Jun 2026 | 97.5% |
Profit, EPS
- Profit 300%
- EPS 300%
| Quarter | Profit | EPS |
|---|---|---|
| Sep 2023 | – | – |
| Dec 2023 | – | – |
| Mar 2024 | – | – |
| Jun 2024 | – | – |
| Sep 2024 | – | – |
| Dec 2024 | – | – |
| Mar 2025 | −71.8% | – |
| Jun 2025 | −113% | – |
| Sep 2025 | −132% | – |
| Dec 2025 | 300% | −59.8% |
| Mar 2026 | 300% | 178.6% |
| Jun 2026 | – | 300% |
ROCE: the return line, worked out each quarter
- ROCE 3.7%
| Quarter | ROCE |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | – |
| Dec 2024 | 6.9% |
| Mar 2025 | 4.4% |
| Jun 2025 | 3.3% |
| Sep 2025 | 2.2% |
| Dec 2025 | 3.7% |
| Mar 2026 | – |
| Jun 2026 | – |
Why it matters: with too little history, we say so rather than guess a direction.
The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading.
One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.
There are fewer than eight usable quarters, so this page does not guess a direction from so little history.
Compound annual growth rate (%)
Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.
| Measure | 1yr | 3yr | 5yr | 10yr |
|---|---|---|---|---|
| Revenue | −16.4% | −4.8% | — | — |
| Profit | −73.7% | −6.7% | — | — |
| EPS | −73.7% | −6.1% | — | — |
| Stock price | +97.2% | — | — | — |
How much does Nordic American Tankers Limited earn on its capital?
Nordic American Tankers Limited earned a ROE of 3% in FY25. That is up from a low of −34% in FY21. Its return on capital used (ROIC) is 10.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 4.2% net margin and 0.32× asset turnover (sales divided by assets).
Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.
Why the return is what it is (FY25): a 4.2% net margin × 0.32× asset turnover × 2.02× leverage (assets divided by equity) ≈ 2.7% on equity. The margin does its share; borrowing is a big part of it.
The key test, return on capital used minus the cost of capital: 13.9% − 3.0% = +10.9 percentage points. The 3.0% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value.
The 13.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 3.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.
FY25: ROE 3%, the climb back from FY21's −34%
- ROE 2.8%
- ROIC (annual) 3.8%
- Cost of capital 3%
| Quarter | ROE | ROIC (annual) | Cost of capital |
|---|---|---|---|
| FY21 | −34.4% | −10.5% | 3% |
| FY22 | 2.8% | 4.6% | 3% |
| FY23 | 18.3% | 16% | 3% |
| FY24 | 9.2% | 10% | 3% |
| FY25 | 2.8% | 3.8% | 3% |
Jun 2026: ROIC 4.8% (last 12 months) against a 3.0% cost of capital
- ROIC (12 months) 4.8%
- ROE (12 months) 41.1%
- Cost of capital 3.0%
| Quarter | ROIC (12 months) | ROE (12 months) | Cost of capital |
|---|---|---|---|
| Sep 2023 | 4.5% | 19.4% | 3% |
| Dec 2023 | 2% | 5.5% | 3% |
| Mar 2024 | 3.2% | 13.1% | 3% |
| Jun 2024 | 2.9% | 11.3% | 3% |
| Sep 2024 | 3.8% | 16.4% | 3% |
| Dec 2024 | 2.1% | 6.7% | 3% |
| Mar 2025 | 1.2% | 1% | 3% |
| Jun 2025 | 0.2% | 3.4% | 3% |
| Sep 2025 | 0.1% | −0.7% | 3% |
| Dec 2025 | 0.8% | −2.4% | 3% |
| Mar 2026 | 2.6% | 10.3% | 3% |
| Jun 2026 | 4.8% | 41.1% | 3% |
Does Nordic American Tankers Limited have too much debt?
Nordic American Tankers Limited has total debt of $407 M against shareholder equity of $478 M as of Jun 2026, so its debt is 0.85× its equity. Year by year, that ratio went from 0.65 in FY21 to 0.95 in FY25. Keep that borrowing in mind when reading the returns on this page.
Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.
FY25: debt $424 M, 0.95× equity
- Total debt $424 M
| Quarter | Total debt |
|---|---|
| FY21 | $322 M |
| FY22 | $307 M |
| FY23 | $302 M |
| FY24 | $270 M |
| FY25 | $424 M |
Debt-to-equity
- Debt-to-equity 0.95×
| Quarter | Debt-to-equity |
|---|---|
| FY21 | 0.65× |
| FY22 | 0.57× |
| FY23 | 0.56× |
| FY24 | 0.53× |
| FY25 | 0.95× |
Jun 2026: debt $407 M, debt-to-equity 0.85
- Total debt (quarterly) $407 M
| Quarter | Total debt (quarterly) |
|---|---|
| Sep 2023 | $255 M |
| Dec 2023 | $302 M |
| Mar 2024 | $294 M |
| Jun 2024 | $287 M |
| Sep 2024 | $278 M |
| Dec 2024 | $270 M |
| Mar 2025 | $340 M |
| Jun 2025 | $442 M |
| Sep 2025 | $433 M |
| Dec 2025 | $424 M |
| Mar 2026 | $415 M |
| Jun 2026 | $407 M |
Debt-to-equity
- Debt-to-equity 0.85×
| Quarter | Debt-to-equity |
|---|---|
| Sep 2023 | 0.48× |
| Dec 2023 | 0.56× |
| Mar 2024 | 0.56× |
| Jun 2024 | 0.55× |
| Sep 2024 | 0.54× |
| Dec 2024 | 0.53× |
| Mar 2025 | 0.68× |
| Jun 2025 | 0.91× |
| Sep 2025 | 0.94× |
| Dec 2025 | 0.95× |
| Mar 2026 | 0.91× |
| Jun 2026 | 0.85× |
What is the Nordic American Tankers Limited shareholding pattern?
We have no ownership or short-position figures for Nordic American Tankers Limited, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 2.9 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.
There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.
How far is Nordic American Tankers Limited from balance-sheet trouble?
For Nordic American Tankers Limited, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.
The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.
How does Nordic American Tankers Limited rank in its industry?
There is no score against its industry: Nordic American Tankers Limited is not among the largest members shown in this industry comparison for Oil & Gas Midstream.
The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.
Which companies is Nordic American Tankers Limited compared with?
No sector comparison is shown here, not among the largest members shown in this industry comparison.
Which companies are close to Nordic American Tankers Limited in size?
Nordic American Tankers Limited is the 37th largest of 47 Oil & Gas Midstream companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Dorian LPG, NGL Energy Partners LP and Genesis Energy, L.P. Just below it: Global Partners LP, FLEX LNG and Tsakos Energy Navigation.
Oil & Gas Midstream companies close in size
- Dorian LPG Ltd. $2.1 billion
- NGL Energy Partners LP $1.9 billion
- Genesis Energy, L.P. $1.6 billion
- Nordic American Tankers Limited $1.5 billion
- Global Partners LP $1.5 billion
- FLEX LNG Ltd. $1.5 billion
- Tsakos Energy Navigation Limited $1.4 billion
All 47 Oil & Gas Midstream companies, largest first
Companies close in size in other industries
- Arcos Dorados Holdings Inc. $1.5 billion · Restaurants
- Innodata Inc. $1.5 billion · Information Technology Services
- Nordic American Tankers Limited $1.5 billion
- Vistance Networks, Inc. $1.5 billion · Communication Equipment
- Global Partners LP $1.5 billion · Oil & Gas Midstream
What else do people ask about Nordic American Tankers Limited?
What were Nordic American Tankers Limited Limited's latest quarterly results?
Nordic American Tankers Limited reported revenue of $79.3 M and net profit of $68.3 M for the Jun 2026 quarter. Earnings per share were $0.32. The operating margin was 51.9%, 50.8 percentage points higher than a year earlier (as of 4 November 2026).
What is Nordic American Tankers Limited Limited's market cap?
Nordic American Tankers Limited's market capitalisation is $1.5 B at a stock price of $7.02. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).
How is Nordic American Tankers Limited Limited performing?
Nordic American Tankers Limited's latest readings are below. Over the past 13 weeks it has done better than the S&P 500, for 16 weeks running. This describes what the data did, not a rating (as of 4 November 2026).
Will Nordic American Tankers Limited Limited's stock price go up?
This page does not forecast Nordic American Tankers Limited's stock price. What it shows instead: the stock price is $7.02. Its P/E of 12.0× is higher than 13% of its own last 1 years.
Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).
Where is Nordic American Tankers Limited Limited in its business cycle?
Nordic American Tankers Limited's FY25 operating margin was 10.2%, against a 5-year range of −46.5% to 32.7%: the middle of its own range, neither a peak nor a low. The latest quarter was 51.9%.
Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).
What could break the Nordic American Tankers Limited Limited story?
The main question: the share price moved +97.2% in a year while yearly earnings per share moved −73.7%. The difference came from the market paying a higher multiple.
On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).
Is Nordic American Tankers Limited Limited a stock worth studying right now?
What the numbers show: Nordic American Tankers Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved.
Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).
Where do these numbers come from?
Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.
Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.
See the plain-text version of this page.
More lists
Every Sector Alpha list, grouped
Stock screens
Market lists
Themes
Sectors
US stocks
X · Instagram · YouTube · About · Newsletter · Newsletter archive
This is research, not advice. We’re not SEBI-registered.