NAO - Nordic American Offshore Ltd.

NYSE - Nasdaq Real Time Price. Currency in USD
4.5294
+0.1393 (+3.17%)
As of 9:41AM EDT. Market open.
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Previous Close4.3901
Open4.4500
Bid4.0500 x 1000
Ask64.0000 x 800
Day's Range4.5294 - 4.5294
52 Week Range2.4850 - 13.0000
Volume3,643
Avg. Volume46,772
Market Cap84.884M
Beta (3Y Monthly)0.17
PE Ratio (TTM)N/A
EPS (TTM)-31.5010
Earnings DateAug 8, 2019 - Aug 12, 2019
Forward Dividend & Yield0.40 (13.56%)
Ex-Dividend Date2018-05-24
1y Target Est5.00
Trade prices are not sourced from all markets
  • GlobeNewswire6 days ago

    Nordic American Tankers (NYSE: NAT) - The 1st Quarter 2019 report - Refinancing finalized. Strong start to a promising year.

    With this report we announce our 87th consecutive quarterly distribution. It is our objective to increase the dividend as tanker markets improve. the TCE (time charter equivalent) for our vessels in 1Q2019 saw an improvement of 30% from the previous quarter and came in at an average of $26,025 per day per ship compared to $20,100 in 4Q2018.

  • GlobeNewswirelast month

    Nordic American Offshore Ltd. Announces Completion of Vessel Acquisition and Sale of Common Shares under Equity Line of Credit

    Hamilton, Bermuda—April 10, 2019—Nordic American Offshore Ltd. (the “Company” or “NAO”) announced today that it has completed the previously announced acquisition of thirteen.

  • InvestorPlacelast month

    7 Vulnerable Stocks to Watch On Brexit News and Trade Wars

    There's a lot of chaos in Europe right now. There's been a major slowdown in China, and Japan, Italy (and soon Germany) are in a recession. And, of course, there's Brexit -- the most chaotic mess of them all.Here's a quick recap: Back in late June 2016, Britain voted to leave the European Union (EU). The vote shocked the world, especially the EU and even the people of Britain. So, in the nearly three years since, the EU and British Parliament have failed to come to a deal, and the initial Brexit date of March 29, 2019 has passed.So far, Prime Minister Theresa May has failed multiple times to convince Members of Parliament (MPs) to approve her revised exit plans. In fact, she even offered to resign if the MPs agree to Brexit. The reality is that most MPs are not in favor of Brexit, and are secretly hoping for a second referendum vote.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut now the EU has another big problem on its hands. This morning, President Trump announced billions in new tariffs:The World Trade Organization finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs on $11 Billion of EU products! The EU has taken advantage of the U.S. on trade for many years. It will soon stop!-- Donald J. Trump (@realDonaldTrump) April 9, 2019The stock market stumbled on the news, with the Dow falling more than 200 points, though it did bounce back into the close after the "smart money" jumped in later in the afternoon.So, what does this mean for stocks going forward? And should you be worried?My answer is no. That said, I also suggest taking a more domestic investing approach.The U.S. is the oasis around the world. Our economy is resilient and on track for solid 2% growth this year. That makes the United States a safe haven for investors all over the world. (The strong dollar is great evidence of that.) So, the best investments remain in domestic companies.But it's not always that simple, since many stocks are multinationals these days.This being the case, you don't want to "throw the baby out with the bathwater" by ditching great investments. But, at the same time, you certainly don't want your portfolio dragged down by too much exposure to the situations I mentioned before.That's where my Portfolio Grader comes in.My ratings tool does not know what Theresa May, Donald Trump, Angela Merkel, or anyone else is doing and saying. But it does know where big money is flowing. And when that nozzle shuts off, it's time to take a second look. Over many years, I've found that this type of money flow is the biggest determining factor in an investment's success (or failure).You also want to look at the fundamentals. And if a multinational company's earnings, sales, cash flow, etc. aren't so hot now…then its exposure to Brexit and trade wars certainly isn't going to help matters!With that in mind, these are stocks to watch -- and avoid:Company Symbol Quantitative Grade Fundamental Grade International Game Technology PLC NYSE:IGT F D MoneyGram International NASDAQ:MGI F C Nordic American Offshore Ltd. NYSE:NAO F C Nomura Holdings (ADR) NYSE:NMR F F Ryanair Holdings PLC (ADR) NASDAQ:RYAAY F D Telecom Italia (ADR) NYSE:TI.A F D Venator Materials PLC NYSE:VNTR F D Some of them are U.K.-based, right in the middle of the Brexit mess. Nomura is not only Japan's largest asset manager -- but does plenty of European business from its London office. Telecom Italia isn't faring much better, with the economic malaise there. And the rest have exposure to all sorts of troubled economies.As you can see, Portfolio Grader gives all of these vulnerable stocks an "F" for their Quantitative Score, my proprietary indicator of money flow.Instead, money is flooding into stocks that have much stronger fundamentals, AND another key factor of success: a healthy dividend.By that, I mean a dividend with a long history…that's growing over time…and comes from a business that can sustain that in the future.In a world of slow growth -- and no yield -- these are the companies that will do well on Wall Street…while the others struggle.I call them "Money Magnets." And you can see exactly what makes them such a compelling opportunity at this link.Even in troubled times, money has to go somewhere. It'll just go into fewer and fewer stocks.Which makes these stocks a cash cow to those of us who get positioned now.It's not too late. But I'd hate for anyone to look back on this in a few months, and wish they'd acted. Because there won't be much I can do about it then.So, be sure to check out my Money Magnets briefing -- free at this link.Compare Brokers The post 7 Vulnerable Stocks to Watch On Brexit News and Trade Wars appeared first on InvestorPlace.

  • Benzingalast month

    Nordic American Offshore To Refinance Debt, Buy 13 Vessels From Scorpio Offshore For $22.6M

    Nordic American Offshore Ltd  (NYSE: NAO ) announced Monday an agreement with lenders under the company's $150-million revolving credit facility for an extension of waivers until Jan. 31, 2020. What Happened ...

  • GlobeNewswirelast month

    Nordic American Offshore Ltd. Announces Agreement with Lenders, Acquisition of Additional Vessels for Consideration in Common Shares, and Equity Line of Credit

    Hamilton, Bermuda-April 8, 2019-Nordic American Offshore Ltd. (the "Company" or "NAO") announced today that it has reached agreement with the lenders under the Company's $150 million  Revolving Credit Facility, dated March 16, 2015 (the "Credit Facility") pursuant to which the lenders have agreed, upon satisfaction of certain conditions precedent by the Company, to the extension of waivers up until January 31, 2020. The Company has also announced that the lenders have committed, upon satisfaction of certain conditions precedent by the Company, to a new $ 132.9 million term loan facility with maturity of December 6, 2023 to refinance the Credit Facility, which has an outstanding balance of $132.9 million as of the date of this press release.

  • GlobeNewswire2 months ago

    Nordic American Offshore Ltd. Announces Agreement to Extend Waiver Period

    April 3, 2019 - As advised by Nordic American Offshore Ltd. (the "Company" or "NAO") in its press release on March 25, 2019 the waivers under the Company's $150,000,000 Revolving Credit Facility, dated March 16, 2015 (the "Credit Facility") had been extended until Monday April 1, 2019. NAO is a Bermuda-based company listed on the New York Stock Exchange.

  • GlobeNewswire2 months ago

    Nordic American Offshore Ltd. Announces Agreement to Further Extend Waiver Period.

    Hamilton, Bermuda-March 25, 2019-As advised by Nordic American Offshore Ltd. (the "Company" or "NAO") in its press release on March 12, 2019 the waivers under the Company's $150,000,000 Revolving Credit Facility, dated March 16, 2015 (the "Credit Facility") had been extended until Friday March 22, 2019. NAO is a Bermuda-based company listed on the New York Stock Exchange.

  • GlobeNewswire2 months ago

    Nordic American Offshore Ltd. Announces Agreement to Further Extend Waiver Period

    Hamilton, Bermuda-March 12, 2019-As advised by Nordic American Offshore Ltd. (the "Company" or "NAO") in its Fourth Quarter 2018 earnings press release on March 4, 2019 the.

  • GlobeNewswire3 months ago

    Nordic American Offshore Ltd. (NYSE: NAO) - Fourth Quarter 2018 Earnings Report

    Nordic American Offshore Ltd (NAO) ("NAO" or the "Company") today reported its results for the three months and year ended December 31, 2018. Share and per share results included herein have been retroactively adjusted to reflect the one for ten reverse stock split of the Company's common shares, which took effect on January 28, 2019. For the three months ended December 31, 2018, the Company's net loss was $169.3 million, or $26.23 per basic and diluted loss per share, which included a non-cash impairment charge of $160.1 million, or $24.80 per basic and diluted.

  • GlobeNewswire3 months ago

    Nordic American Tankers (NYSE: NAT) - The 4th Quarter 2018 report - In an important transaction, NAT has a new financial structure. Markets are positive.

    Link to the complete 4th Quarter 2018 report: http://hugin.info/201/R/2235705/880207.pdf Hamilton, Bermuda, February 19, 2019 Highlights: With this report we announce our 86th consecutive quarterly distribution. ...

  • GlobeNewswire4 months ago

    Nordic American Offshore Ltd. Announces Reverse Stock Split to be Effective January 28, 2019

    Hamilton, Bermuda-January 23, 2019-Nordic American Offshore Ltd. (the "Company" or "NAO") announced today that its board of directors (the "Board") has determined to effect a one-for-ten reverse stock split of the Company's common shares, par value $0.01 per share.  The Company's bye-laws permit the board of directors to effect a reverse stock split without shareholder consent. The reverse stock split will take effect, and the Company's common stock will begin trading on a split-adjusted basis on the New York Stock Exchange ("NYSE"), as of the opening of trading on January 28, 2019.

  • GlobeNewswire4 months ago

    Nordic American Offshore Ltd. (NYSE:NAO) - Financial Calendar

    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.

  • GlobeNewswire5 months ago

    Nordic American Offshore Ltd. (NYSE: NAO) - Adoption of Shareholders Rights Agreement

    Bermuda, December 21, 2018 Nordic American Offshore Ltd. (NYSE: NAO) (the "Company") announced today that its Board of Directors has unanimously adopted a shareholder.

  • GlobeNewswire5 months ago

    Nordic American Offshore Ltd. (NYSE:NAO) - Vessel Update

    "NAO Viking " will be operating primarily in the North Sea for a first class company.  This contract has been concluded with one of the Company's regular customers. 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.