Nordic American Tankers (NYSE:NAT) Posts Earnings Results, Beats Expectations By $0.09 EPS

Posted by Brenda Bartman on Aug 28th, 2026

Nordic American Tankers (NYSE:NAT – Get Free Report) issued its quarterly earnings data on Thursday. The shipping company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.23 by $0.09, FiscalAI reports. The business had revenue of $79.30 million for the quarter, compared to the consensus estimate of $84.18 million. Nordic American Tankers had a return on equity of 9.16% and a net margin of 24.19%.

Nordic American Tankers Trading Up 3.5%

Shares of NYSE:NAT opened at $6.75 on Friday. Nordic American Tankers has a 12 month low of $2.96 and a 12 month high of $7.20. The company has a quick ratio of 2.75, a current ratio of 3.00 and a debt-to-equity ratio of 0.83. The company’s fifty day simple moving average is $6.33 and its 200 day simple moving average is $5.76. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 24.99 and a beta of -0.57.

Nordic American Tankers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.27 per share. This is a positive change from Nordic American Tankers’s previous quarterly dividend of $0.22. This represents a $1.08 annualized dividend and a dividend yield of 16.0%. The ex-dividend date of this dividend is Thursday, September 10th. Nordic American Tankers’s payout ratio is currently 325.93%.

Hedge Funds Weigh In On Nordic American Tankers

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stokes Family Office LLC bought a new position in Nordic American Tankers during the 4th quarter worth about $37,000. Parkside Financial Bank & Trust lifted its holdings in shares of Nordic American Tankers by 2,800.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 10,875 shares of the shipping company’s stock valued at $37,000 after purchasing an additional 10,500 shares in the last quarter. SmartHarvest Portfolios LLC bought a new stake in shares of Nordic American Tankers in the fourth quarter valued at about $40,000. Cibc World Markets Corp acquired a new position in shares of Nordic American Tankers during the fourth quarter worth about $47,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Nordic American Tankers by 68.9% during the second quarter. BNP Paribas Financial Markets now owns 19,890 shares of the shipping company’s stock worth $52,000 after buying an additional 8,114 shares during the period. 44.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Nordic American Tankers from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 26th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $4.00.

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About Nordic American Tankers

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Nordic American Tankers Limited is a Bermuda-based shipping company specializing in the ownership and operation of Suezmax crude oil tankers. The company’s fleet is employed on the spot and period charter markets, transporting crude oil across major global trade routes. By focusing on commercially flexible employment strategies, Nordic American Tankers seeks to optimize vessel utilization and generate stable income for shareholders.

Founded in 1995 and headquartered in Hamilton, Bermuda, Nordic American Tankers maintains technical and commercial management arrangements through established ship-management partners.