NAT - Nordic American Tankers Limited
3.3600 +0.03 (0.90%)
After hours: 6:55PM EST
| Previous Close | 3.2700 |
| Open | 3.3100 |
| Bid | 3.1800 x 3100 |
| Ask | 3.3400 x 4000 |
| Day's Range | 3.2450 - 3.3500 |
| 52 Week Range | 1.6600 - 5.2800 |
| Volume | 2,463,230 |
| Avg. Volume | 2,990,175 |
| Market Cap | 474.885M |
| Beta (5Y Monthly) | 0.94 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.2360 |
| Earnings Date | May 11, 2020 - May 17, 2020 |
| Forward Dividend & Yield | 0.08 (2.27%) |
| Ex-Dividend Date | Dec. 03, 2019 |
| 1y Target Est | 6.20 |
- Zacks
Implied Volatility Surging for Nordic American Tankers (NAT) Stock Options
Investors need to pay close attention to Nordic American Tankers (NAT) stock based on the movements in the options market lately.
- GlobeNewswire
Nordic American Tankers Limited (NYSE: NAT) –Report for the fourth quarter 2019 and the twelve months ending December 31, 2019 – Good start of 2020!
Today we announce distribution of our 90th consecutive quarterly dividend. The dividend for the fourth quarter of 2019 will be 7 cents ($0.07) per share, payable on March 16, 2020, to shareholders of record March 2, 2020. Developments so far in the first quarter of 2020 confirm the momentum in the tanker market.
- Bloomberg
U.S. Lifts Sanctions on Unit of China’s Biggest Shipping Company
(Bloomberg) -- The U.S. lifted sanctions against a unit of China’s biggest shipping company that was accused of hauling Iranian crude in violation of American restrictions.According to a notice posted on the Treasury Department’s website Friday in Washington, sanctions were removed. In September, restrictions were placed on the Dalian units of China COSCO Shipping Corp., sending freight rates soaring as traders canceled charters linked to the parent company. Four other Chinese entities were also sanctioned.Tanker stocks DHT Holdings Inc, Nordic American Tankers Ltd., Frontline Ltd. and Teekay Corp. fell following Friday’s announcement, all dropping by more than 4%.“With all of the sanctioned tankers back in the open market, overcapacity will weigh even faster and heavier on rates,” said Peter Sand, chief shipping analyst at Bimco. “In combination with demand being low from China, this will be an added burden for the crude oil tanker market.”Temporary WaiversThe penalties had barred U.S. citizens and companies from dealing with the firms, effectively blocking them from American banks at the heart of the global financial system. However, companies still doing business with the COSCO unit were twice given temporary waivers to wind down their transactions, with the latest one due to run out on Feb. 4.“The actual impact via the COSCO sanctions was limited as temporary waivers allowed most of the vessels to continue to operate on global trade routes,” said Randy Giveans, vice president for equity research at Jefferies LLC in Houston. “And other vessels just switched to regional, short-haul trades.”The announcement comes weeks after U.S. President Donald Trump called a truce in his trade war with China and signed what both sides called a “phase one” agreement. In October, people familiar with the matter said China was planning to ask the U.S. to lift the sanctions during trade negotiations in Washington.Rates to transport oil had soared when the restrictions were placed on the COSCO units, data from the Baltic Exchange in London show. Daily earnings for 2 million-barrel carrying supertankers hit $300,000 a day briefly in October, before quickly retreating as trades become more challenging due to the high cost of moving cargoes. They still remained high by industry standards, though, and exceeded $100,000 as recently as this month.Even if rates decline further after the return of the sanctioned ships, it won’t necessarily boost U.S. crude exports to China. Beijing’s 5% tax on American crude imports, in effect since September, is an obstacle.”U.S. crude exports to China would still require the dismantling of Beijing’s U.S. crude tariffs,” said Frode Morkedal, managing director of equity research at Clarksons Platou Securities AS, an investment banking unit of the world’s biggest ship-broker.\--With assistance from Saleha Mohsin, Firat Kayakiran, Alaric Nightingale and Sheela Tobben.To contact the reporter on this story: Stephen Cunningham in Washington at scunningha10@bloomberg.netTo contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, David Marino, Mike JeffersFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- GlobeNewswire
Nordic American Tankers Ltd. (NYSE:NAT) Corona virus - Impact on NAT and on the tanker business.
Hamilton, Bermuda, January 31, 2020 Dear Shareholders, Many of you are asking us about the Corona virus and its impact..
- Simply Wall St.
One Thing To Remember About The Nordic American Tankers Limited (NYSE:NAT) Share Price
If you own shares in Nordic American Tankers Limited (NYSE:NAT) then it's worth thinking about how it contributes to...
- GlobeNewswire
Correction information
Please note that February 17 is a holiday and NYSE is closed. Therefore, our 4Q2019 results are out Tuesday February 18, 2020 which also is dividend declaration day..
- GlobeNewswire
Nordic American Tankers Ltd. (NYSE:NAT) - Our company is reaping the benefits of the strong tanker market.
Hamilton, Bermuda, January 16, 2020 Dear Investors, In a January 7, 2020 message we informed you about our first fixture of 2020 with a Time Charter.
- Zacks
3 Cheap Dividend-Paying Stocks Under $10 to Buy Now for 2020
We found three buy-ranked dividend-paying stocks, with the help our Zacks Stock Screener, that are currently trading for under $10 per share that investors might want to buy now for 2020...
- GlobeNewswire
Nordic American Tankers Ltd. (NYSE:NAT) - The Bonanza in the tanker market is continuing.
During the last few days, we have seen political uncertainty in the Middle East, a center for seaborne oil transportation. As we have repeatedly stated in our reports, political uncertainty is often positive for the tanker market. With or without political uncertainty, the tanker market is strong.
- GlobeNewswire
Nordic American Tankers Ltd (NYSE:NAT) - Bonanza in the tanker market is continuing.
Hamilton, Bermuda, December 20, 2019 Dear shareholders & investors, We would like to inform you that over the last few weeks we have fixed a string of.
- Simply Wall St.
Here's Why We're Wary Of Buying Nordic American Tankers Limited's (NYSE:NAT) For Its Upcoming Dividend
It looks like Nordic American Tankers Limited (NYSE:NAT) is about to go ex-dividend in the next 3 days. Ex-dividend...
- Zacks
Nordic American Tankers (NAT) Reports Q3 Loss, Misses Revenue Estimates
Nordic American Tankers (NAT) delivered earnings and revenue surprises of -66.67% and -28.16%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- GlobeNewswire
Nordic American Tankers (nyse: Nat) –report as Per September 30, 2019. Tanker Upswing Continues.
Spot rates are continuing its upward momentum. New rules by the International Maritime Organization (IMO) coming into force on January 1, 2020 is one change. Investors and lenders are reluctant to inject capital into private companies undertaking speculative ordering of ships –which is not part of a fleet renewal.
- Zacks
Is the Options Market Predicting a Spike in Nordic American Tankers (NAT) Stock?
Investors need to pay close attention to Nordic American Tankers (NAT) stock based on the movements in the options market lately.
- GlobeNewswire
Nordic American Tankers Limited (NYSE: NAT) AGM successfully concluded today. All recommendations of the NAT Board approved.
Nordic American Tankers Limited (NAT) (the “Company”) is pleased to announce that all of the proposals at its Annual General Meeting have been approved by its shareholders by well over the required margin. --reduction of the Company’s share premium account to facilitate the payment of dividends.
- Zacks
Nordic American Tankers (NAT) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Nordic American Tankers (NAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- GlobeNewswire
Nordic American Tankers Limited (NYSE:NAT) Announces the date for its 2019 Annual General Meeting of Shareholders (AGM)
Nordic American Tankers Limited today announced that its Board of Directors has scheduled the 2019 AGM, to be held on November 20, 2019 at 10:00 a.m., local time, at the LOM Building,27 Reid Street, Hamilton HM 11 Bermuda. 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-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
- GlobeNewswire
Nordic American Tankers Ltd (NYSE:NAT) - Bonanza in the tanker market.
Hamilton, Bermuda, October 16, 2019 Dear shareholders & investors, We have previously commented on the tanker industry and the upswing for NAT. The.
- Simply Wall St.
Investors In Nordic American Tankers Limited (NYSE:NAT) Should Consider This, First
Could Nordic American Tankers Limited (NYSE:NAT) be an attractive dividend share to own for the long haul? Investors...
- GlobeNewswire
Nordic American Tankers Ltd. (NYSE:NAT) - Exceptionally strong tanker market from which NAT is benefitting.
Two weeks ago we wrote to you about the strong market improvement for our Suezmax tankers. From Thursday to Friday last week, reported Suezmax rates jumped 60% on the day and 400% on the month! NAT’s uniform fleet of 23 Suezmax tankers have 21 units trading in the open spot market, ready to benefit from strengthening freights.
- GlobeNewswire
Nordic American Tankers Limited (NYSE:NAT) - Strong market improvement for our Suezmax tankers. Insiders buy NAT stock.
The market level for our ships has improved to more than $40,000 per day at the start of this week - Monday September 23. The level of operating costs for our ships is about $8,000 per day/per ship. At this time there is a shortage of available ships, in particular in the Atlantic basin.
- GlobeNewswire
Nordic American Tankers Limited (NYSE:NAT) - Shortfall of Middle East oil supply. Some observations.
“This is a bullish turn for the tanker market - period. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation.
- Simply Wall St.
What Kind Of Shareholders Own Nordic American Tankers Limited (NYSE:NAT)?
The big shareholder groups in Nordic American Tankers Limited (NYSE:NAT) have power over the company. Large companies...
- GlobeNewswire
Nordic American Tankers Limited (NYSE:NAT) - Commencement of Time Charter with major energy company Equinor. The TC has now started.
Hamilton, Bermuda, August 22, 2019 Dear Shareholders, Earlier this year, we informed you of the Time Charter we have entered into of 12 to 15 months. Please note that.
