Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 25 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011. Nordic American Tankers Limited was incorporated in 1995 and is based in Hamilton, Bermuda.
IPO Year: 1995
Exchange: NYSE
Website: nat.bm
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/12/2024 | $4.00 | Buy → Hold | Jefferies |
| 9/6/2022 | $3.00 → $4.00 | Hold → Buy | Jefferies |
| 7/21/2022 | $3.00 | Hold | Jefferies |
| 4/27/2022 | $2.00 → $2.50 | Hold | Jefferies |
| 11/26/2021 | $2.75 → $2.25 | Hold | Jefferies |
| 11/24/2021 | $2.75 → $2.25 | Hold | Jefferies |
| 8/31/2021 | $6.00 → $5.00 | Buy | B. Riley Securities |
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
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6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
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Tuesday, September 30, 2025 Dear Shareholders and Investors, Being the Founder, Chairman & CEO, I have today bought 150,000 shares at $3.11 per share. I now own 5,100,000 shares. Following this transaction, my family owns 10,250,000 million shares and is the largest private shareholder group in the company. NAT has paid dividend for 113 consecutive quarters, after becoming stocklisted in 1995. Prospects are are good, and the path is unquestionably upwards. For further information on Nordic American Tankers, please see www.nat.bm For contacts, please see at the end of this communication. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd.
Monday, September 29, 2025 Dear Shareholders and Investors, Please be informed that the date of the Annual General Meeting (AGM) in Nordic American Tankers Limited (NAT) has been set to November 21, 2025. The record date is September 12, 2025, for the determination of the NAT shareholders entitled to receive notice of and to vote at the AGM or any adjournment thereof. The Notice of the Meeting and the Proxy Statement will be available with the Securities and Exchange Commission (SEC) on a form 6-K post-market today, September 29, 2025. For contacts, please see at the end of this communication. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd.
Monday, September 22, 2025 Dear Shareholders and Investors, Non-Executive Vice Chairman and Board member of NAT, Alexander Hansson, has today bought 100,000 shares at $3.27 per share. He is now holding 5,150,000 shares. Following this transaction, the Hansson family owns 10,100,000 shares – being the largest private shareholder group in the company. For contacts, please see at the end of this communication. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Matters discussed in this press release may constitute forwa
Tuesday, September 2, 2025 Dear Shareholders and Investors, It is my pleasure to announce that Mr. Thomas Boye (43) will be joining Nordic American Tankers. Thomas has worked for the international investment banking firm of ABG Sundal Collier for the past 20 years. He worked in London for 10 years and for the last 10 years in Oslo, Norway. We expect that he will join NAT in October this year. NAT has an exellent story to tell investors, and we plan to launch a series of road shows to bring that story to markets worldwide. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm C
Thursday, August 28, 2025 Dear Shareholders and Investors, Ninety day periods offer a short-term snapshot of a company. However, a meaningful analysis must contain a bigger, longer-term picture. The direction of NAT is unquestionably upwards and we create room for profitable growth. Whatever we do, the quality of our ships and dividends remain our priorities. Highlights: The dividend for the second quarter is 10 cents ($0.10) per share. This is our 112th consecutive quarterly cash dividend. The dividend is payable September 29, 2025, to shareholders on record as of September 12, 2025. During the second quarter of 2025 there were several one-time effects wh
Thursday, June 26, 2025 Dear Shareholders and Investors, Founder, Chairman & CEO, Herbjorn Hansson, has today bought 100,000 shares at $2.74 per share. He is now holding 4,950,000 shares. Following this transaction, the Hansson family has reached 10 million shares, and is the largest private shareholder group in the company. For contacts, please see at the end of this communication. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm Contacts: Bjørn Giæver, CFO Nordic American Tankers Ltd
Wednesday, June 25, 2025 Dear Shareholders and Investors, Non-Executive Vice Chairman and Board member of NAT, Alexander Hansson, has today bought 300,000 shares at $2.72 per share. He is now holding 5,050,000 shares. Following this transaction, the Hansson family owns 9,900,000 shares – being the largest private shareholder group in the company. For contacts, please see at the end of this communication. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm Contacts: Bjørn Giæver, CFO Nordic American Tankers
Wednesday, June 11, 2025 Dear Shareholders and Investors, For sake of good order, Nordic American Tankers Limited ("NAT") 2024 Annual Report on Form 20-F that was filed on April 29, 2025 is available for download on both the SEC website at www.sec.gov and our website www.nat.bm (annual reports). Any shareholder may receive a hard copy of NAT's complete 2024 Form 20-F, free of charge upon request to the below contacts. Our Annual General meeting date will be decided later. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm Contacts: Bjørn Giæver, CFO
Wednesday, June 4, 2025 Dear Shareholders and Investors, Founder, Chairman & CEO, Herbjorn Hansson, and his son, Vice Chairman, Alexander Hansson, have today each bought 100,000 shares in NAT at $2.78 and $2.76 per share. Following these transactions, father and son hold 4,850,000 and 4,750,000 shares, respectively. The Hansson family together owns 9,600,000 NAT shares - being the largest private shareholder group in the company. For contacts, please see at the end of this communication. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm Contacts: Bjørn Giæve
Monday, June 2, 2025 Dear Shareholders and Investors, Founder, Chairman & CEO, Herbjorn Hansson, has today bought 100.000 shares at $2.70 per share. Following this transaction, the Hansson family owns 9,400,000 shares – being the largest private shareholder group in the company. For contacts, please see at the end of this communication. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm Contacts: Bjørn Giæver, CFO Nordic American Tankers Ltd Tel: +1 888 755 8391
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Jefferies downgraded Nordic American Tanker from Buy to Hold and set a new price target of $4.00
Jefferies upgraded Nordic American Tanker from Hold to Buy and set a new price target of $4.00 from $3.00 previously
Jefferies initiated coverage of Nordic American Tanker with a rating of Hold and set a new price target of $3.00
Jefferies resumed coverage of Nordic American Tanker with a rating of Hold and set a new price target of $2.50 from $2.00 previously
Jefferies reiterated coverage of Nordic American Tankers with a rating of Hold and set a new price target of $2.25 from $2.75 previously
Jefferies reiterated coverage of Nordic American Tankers with a rating of Hold and set a new price target of $2.25 from $2.75 previously
B. Riley Securities reiterated coverage of Nordic American Tankers with a rating of Buy and set a new price target of $5.00 from $6.00 previously
Evercore ISI Group upgraded Nordic American Tankers from Underperform to In-Line and set a new price target of $4.00 from $2.50 previously
Evercore ISI upgraded Nordic American Tanker from Underperform to In-line
H.C. Wainwright initiated coverage of Nordic American Tanker with a rating of Neutral and set a new price target of $3.75
Live Leadership Updates
Monday, November 25, 2024 Dear Shareholders and Investors, Nordic American Tankers Limited (NYSE:NAT) conducted its Annual General Meeting of Shareholders (the "Meeting") Thursday, November 21, 2024 in Monaco.A quorum was present, and the following resolutions were approved and adopted at the Meeting: Election of Founder, Chairman & CEO Herbjorn Hansson to serve as Director & Chairman of the BoardElection of Alexander Hansson to serve as Director of the BoardElection of Jenny Chu to serve as Director of the BoardApproval of the appointment of KPMG as the Company's independent auditors. The board has the authority to replenish a vacant position, to ensure that the NAT Board always consist
Thursday, November 16, 2023 Dear Shareholders and Investors, Nordic American Tankers Limited (NYSE:NAT) conducted its Annual General Meeting of Shareholders (the "Meeting") today, on November 16, 2023 in Monaco. We experienced a record turnout this year and all resolutions were approved and adopted at the Meeting: Election of Herbjorn Hansson, Jim Kelly, Alexander Hansson and Jenny Chu to serve as Directors of the Board.Approval of the appointment of KPMG as the Company's independent auditors. We are in
Thursday, November 17, 2022 Dear Shareholders and Investors, Nordic American Tankers Limited (the "Company") (NYSE:NAT) conducted its Annual General Meeting of Shareholders (the "Meeting") on November 17, 2022 in Monaco. The following resolutions were approved and adopted at the Meeting: Election of Herbjorn Hansson, Jim Kelly, Alexander Hansson and Jenny Chu to serve as Directors of the Board.Approval of the appointment of KMPG as the Company's independent auditors. Sincerely, Herbjorn HanssonFounder, Chai
Monday, July 19, 2021 Dear Shareholders and Investors, Nordic American Tankers Limited (the "Company") (NYSE:NAT) conducted its Annual General Meeting of Shareholders (the "Meeting") on July 19, 2021, in Monaco. The following resolutions were approved and adopted at the Meeting: Election of the four nominees to the Board of Directors. Approval of the appointment of KPMG AS as the Company's independent auditors. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS M
December 18, 2020. Nordic American Tankers Limited (the "Company") (NYSE: NAT) conducted its Annual General Meeting of Shareholders (the "Meeting") on December 18, 2020, in Monaco. The following resolutions were approved and adopted at the Meeting: Election of the five nominees to the Board of Directors.Approval of the appointment of KPMG AS as the Company's independent auditors. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looki
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Tuesday, September 30, 2025 Dear Shareholders and Investors, Being the Founder, Chairman & CEO, I have today bought 150,000 shares at $3.11 per share. I now own 5,100,000 shares. Following this transaction, my family owns 10,250,000 million shares and is the largest private shareholder group in the company. NAT has paid dividend for 113 consecutive quarters, after becoming stocklisted in 1995. Prospects are are good, and the path is unquestionably upwards. For further information on Nordic American Tankers, please see www.nat.bm For contacts, please see at the end of this communication. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd.
Thursday, August 28, 2025 Dear Shareholders and Investors, Ninety day periods offer a short-term snapshot of a company. However, a meaningful analysis must contain a bigger, longer-term picture. The direction of NAT is unquestionably upwards and we create room for profitable growth. Whatever we do, the quality of our ships and dividends remain our priorities. Highlights: The dividend for the second quarter is 10 cents ($0.10) per share. This is our 112th consecutive quarterly cash dividend. The dividend is payable September 29, 2025, to shareholders on record as of September 12, 2025. During the second quarter of 2025 there were several one-time effects wh
Thursday, May 29, 2025 Dear Shareholders and Investors, Ninety day periods offer a short-term snapshot of a company. However, a meaningful analysis must contain a bigger, longer-term picture. The direction of NAT is unquestionably upwards and we create room for profitable growth. Whatever we do, dividends remain an important objective. Highlights: The dividend for the first quarter is 7 cents ($0.07) per share. This is our 111th consecutive quarterly cash dividend. The dividend is payable June 26, 2025, to shareholders on record as of June 12, 2025. During the first five months of 2025 we have acquired two 2016-built vessels for a combined price of $132
Friday, May 9, 2025 Dear Shareholders and Investors, The first months of 2025 since the end of 2024 has been the most active period in Nordic American (NAT) for several years. The path forward is up. Dividend is a priority. As per previous communication to the market, we are in the process of acquiring two or three vessels and to sell a few ships. We have purchased two vessels, declared purchase options on two of our lease financed ships and subsequently refinanced them. As a part of our total plan, two of our early built vessels have been sold. Below is pertinent information, reflecting the active period since the start of 2025: January 22nd, 2025, NAT announced that it
Friday, March 14, 2025 Dear Shareholders and Investors, As previously communicated, we recently acquired a Sungdong (South-Korea) built suezmax tanker from a first-class owner. The vessel is expected to be delivered to NAT at the end of this month (March 2025). Sungdong was controlled by the Samsung group at the time. The vessel has been owned by the same company since it was built in 2016. We have now agreed to acquire a sister vessel, from the same owner, also built in 2016 at the same South-Korean yard. This vessel will be delivered to NAT within April this year. The price to NAT is in the mid/high USD 60s. Both vessels are fully financed and will provide additional earnings
Friday, February 28, 2025 Dear Shareholders and Investors, Ninety day periods offer a short-term snapshot of a company, but it is more instructive to look at the bigger, longer-term picture. The direction of NAT is unquestionably upwards as we create room for profitable growth. Whatever we do, dividends remain our primary objective. As part of our plan to buy a few ships and sell a few ships, we have since the end of 2024 agreed to purchase one 2016-built suezmax tanker from a first class owner. The vessel will be delivered to NAT during the second quarter of this year. The price is in the mid/high 60's. The new unit will provide additional earnings and dividend capacity to NAT
REPEAT Wednesday, February 5, 2025 Dear Shareholders and Investors, A major project for 2025 is to renew and grow our fleet. We plan to buy two or three ships and to sell two or three.As a first step, last week we agreed to sell one of our suezmaxes, built in 2003, which will net our company USD 22.5 million and thus strengthen our balance sheet. The buyer will take over the vessel in Q1 2025.We are helped in this major project by our two longtime financing partners, Beal Bank based in Dallas, and Ocean Yield, whose parent company is based in New York.As always, our financing is driven by our main goals of prioritizing dividends and retaining a sturdy balance sheet. Since NAT became st
Wednesday, February 5, 2025 Dear Shareholders and Investors, A major project for 2025 is to renew and grow our fleet. We plan to buy two or three ships and to sell two or three. As a first step, last week we agreed to sell one of our suezmaxes, built in 2003, which will net our company USD 22.5 million and thus strengthen our balance sheet. The buyer will take over the vessel in Q1 2025. We are helped in this major project by our two longtime financing partners, Beal Bank bases in Dallas, and Ocean Yield, whose parent company is based in New York. As always, our financing is driven by our main goals of prioritizing dividends and retaining a sturdy balance sheet. Since NAT became sto
Wednesday, January 22, 2025 Dear Shareholders and Investors, In the recent past, NAT has carried through several transactions, reflecting a very active period. NAT has declared the purchase option for a 2018-built Suezmax tanker on favorable terms from a close financing partner. Furthermore, we have also sold a 2003-built vessel to a UK based owner. This sale which is expected to close in the second half of February, will produce a cash injection of USD 22.5 million. NAT is in a very solid position and the transactions above reflect our financial flexibility. Going forward, we see expansion on the horizon. We wish to assure shareholders that dividend always will be a priority.
Friday, November 29, 2024 Dear Shareholders and Investors, Highlights: The international profile of NAT is reflected in the fact that during the last five years our ships have loaded & discharged in 68 countries. Ninety day periods offer a short-term snapshot of a company. However, it is more constructive to view the longer-term picture. The direction of NAT is unquestionably upwards, and there is room for profitable growth. 1. During the third quarter 2024, we concluded time-charter (T/C) contracts with international and national oil companies. These contracts represent an aggregate net revenue of about $125 million. Our customers see that there is a scarcity of suezmax
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