Added to YB: 2025-07-25
Pitch date: 2025-07-19
NAT [neutral]
Nordic American Tankers Limited
+36.78%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Nordic American Tankers Limited, a tanker company, owns, operates, and charters double-hull tankers in Bermuda and internationally.
Market Cap
$755.9M
Pitch Price
$2.51
Price Target
3.50 (+2%)
Dividend
9.52%
EV/EBITDA
13.29
P/E
58.45
EV/Sales
3.66
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Equity Research Update on NAT
NAT (update): Modern 20-vessel Suezmax fleet (2016-2018), 50% on contracts. Solid financials: $103M cash, $210M debt, 24% debt/assets ratio. High-teens dividend yield ($0.07/qtr), covered even at lower rates. Q1'25 net income $4.2M, TCE $24,714/day, costs $9k/day. Bear case $2.20-2.40, base $2.60-2.70, bull $3.00-3.50. Upside from tightening tanker supply-demand.
Read full article (6 min)