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Nordic American Tankers Limited (NAT)

(Delayed Data from NYSE)

$3.62 USD

3.62
3,906,270

-0.15 (-3.98%)

Updated Sep 20, 2024 04:00 PM ET

After-Market: $3.64 +0.02 (0.55%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value C Growth D Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 35% (89 out of 251)

Industry: Transportation - Shipping

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Balance Sheet

Research for NAT

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Nordic American Tankers Limited falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 33 63 45 62 62
Receivables 26 20 9 6 25
Notes Receivable 0 0 0 0 0
Inventories 31 25 21 19 22
Other Current Assets 18 33 32 12 20
Total Current Assets 109 143 107 100 129
Net Property & Equipment 769 735 740 872 900
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 0 0 0 0 0
Deposits & Other Assets 1 1 3 1 2
Total Assets 879 880 851 974 1,031
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 3 7 7 4 8
Current Portion Long-Term Debt 32 40 38 22 24
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 12 11 15 5 12
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 23 14 9 8 16
Total Current Liabilities 70 72 68 40 59
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 270 266 283 335 375
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1 1 1 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 341 340 353 375 435
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 2 2 2 2 1
Capital Surplus 596 696 669 599 606
Retained Earnings -58 -156 -171 0 -10
Other Equity -2 -2 -2 -1 -1
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 538 540 498 599 595
Total Liabilities & Shareholder's Equity 879 880 851 974 1,031
Total Common Equity 538 540 498 599 595
Shares Outstanding 208.80 193.46 180.80 151.40 147.20
Book Value Per Share 2.58 2.79 2.76 3.96 4.04

Fiscal Year End for Nordic American Tankers Limited falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents 48 50 33 74 102
Receivables 23 22 26 22 28
Notes Receivable 0 0 0 0 0
Inventories 24 25 31 22 23
Other Current Assets 23 16 18 14 18
Total Current Assets 117 113 109 133 171
Net Property & Equipment 741 755 769 702 710
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 0 0 0 0 0
Deposits & Other Assets 4 2 1 1 1
Total Assets 862 870 879 836 882
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable 0 0 0 0 0
Accounts Payable 3 3 3 4 2
Current Portion Long-Term Debt 99 102 32 26 43
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 9 9 12 6 10
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 37 34 23 38 39
Total Current Liabilities 148 148 70 73 94
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 187 192 270 229 236
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1 1 1 1
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 336 341 341 303 330
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 2 0 0
Capital Surplus 0 0 596 0 0
Retained Earnings 0 0 -58 0 0
Other Equity 0 0 -2 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 526 529 538 533 552
Total Liabilities & Shareholder's Equity 862 870 879 836 882
Total Common Equity 526 529 538 533 552
Shares Outstanding 208.80 208.80 208.80 208.80 208.80
Book Value Per Share 2.52 2.53 2.58 2.55 2.64