Castleknight Management LP
-0.33%
3M Return
$7.660
-0.157 (-2.05%)At close
Nordic American Tankers Limited is an international tanker company focusing solely on owning, operating, and chartering of Suezmax tankers. The Company has a fleet of approximately 20 Suezmax crude oil tankers. Its Suezmax vessels have a carrying capacity of one million barrels of oil. The Company's tankers operating in the spot market are chartered for a single voyage. The vessels in the Company's fleet are homogenous and interchangeable as they have the same freight capacity and ability to transport the same type of cargo. Its vessels include Nordic Pollux, Nordic Apollo, Nordic Luna, Nordic Castor, Nordic Freedom, Nordic Sprinter, Nordic Skier, Nordic Vega, Nordic Light, Nordic Cross, Nordic Breeze, Nordic Zenith, Nordic Star, Nordic Space, Nordic Aquarius, Nordic Cygnus, Nordic Tellus, Nordic Hunter and Nordic Harrier.
Nordic American Tankers Ltd is a good buy right now, given its current price of $8.47 and a strong RSI of 66.7, indicating momentum. The forward P/E ratio is 13.97, suggesting the stock is reasonably valued relative to its earnings potential. Additionally, the gross margin has significantly improved to 63.97% in Q2 2026, reflecting strong profitability. However, the main risk is the geopolitical tensions affecting shipping routes, which could impact earnings stability.
B. Riley
$10
2026-10-06
B. Riley
2026-10-06
Price Target
$10
B. Riley
$10
2026-10-05
B. Riley
2026-10-05
Price Target
$10
B. Riley
$8
2026-08-28
B. Riley
2026-08-28
Price Target
$8
Evercore ISI
—
2026-04-21
Evercore ISI
2026-04-21
Price Target
—
B. Riley
$5
2026-02-27
B. Riley
2026-02-27
Price Target
$5

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Nordic American Tankers Limited is an international tanker company focusing solely on owning, operating, and chartering of Suezmax tankers. The Company has a fleet of approximately 20 Suezmax crude oil tankers. Its Suezmax vessels have a carrying capacity of one million barrels of oil. The Company's tankers operating in the spot market are chartered for a single voyage. The vessels in the Company's fleet are homogenous and interchangeable as they have the same freight capacity and ability to transport the same type of cargo. Its vessels include Nordic Pollux, Nordic Apollo, Nordic Luna, Nordic Castor, Nordic Freedom, Nordic Sprinter, Nordic Skier, Nordic Vega, Nordic Light, Nordic Cross, Nordic Breeze, Nordic Zenith, Nordic Star, Nordic Space, Nordic Aquarius, Nordic Cygnus, Nordic Tellus, Nordic Hunter and Nordic Harrier. It operates in the Energy sector.
Nordic American Tankers Ltd is a good buy right now, given its current price of $8.47 and a strong RSI of 66.7, indicating momentum. The forward P/E ratio is 13.97, suggesting the stock is reasonably valued relative to its earnings potential. Additionally, the gross margin has significantly improved to 63.97% in Q2 2026, reflecting strong profitability. However, the main risk is the geopolitical tensions affecting shipping routes, which could impact earnings stability.
9 analysts cover NAT: 0 rate it Buy, 5 Hold and 4 Sell. The average price target is 3.00.
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