NAO - Nordic American Offshore Ltd.

NYSE - Nasdaq Real Time Price. Currency in USD
0.4881
+0.0679 (+16.16%)
As of 11:08AM EST. Market open.
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Previous Close0.4202
Open0.4500
Bid0.4700 x 900
Ask0.4720 x 800
Day's Range0.4500 - 0.5411
52 Week Range0.4000 - 1.4200
Volume283,923
Avg. Volume113,746
Market Cap30.256M
Beta (3Y Monthly)-0.19
PE Ratio (TTM)N/A
EPS (TTM)-0.5860
Earnings DateFeb 6, 2019 - Feb 11, 2019
Forward Dividend & Yield0.04 (8.69%)
Ex-Dividend Date2018-05-24
1y Target Est1.00
Trade prices are not sourced from all markets
  • GlobeNewswire2 hours ago

    Nordic American Tankers Ltd (NYSE: NAT) - Building NAT further.

    Bermuda, December 12, 2018 Dear Shareholders, We are pleased that Nordic American Offshore Ltd. (NYSE: NAO) has entered into a Share Purchase Agreement where Scorpio Offshore Investments Inc. has invested ...

  • GlobeNewswire3 hours ago

    Nordic American Offshore Ltd. (NYSE: NAO) Results of Annual General Meeting of Shareholders

    Hamilton, Bermuda, December 12, 2018 Nordic American Offshore LTD (the "Company") (NYSE: NAO) conducted its Annual General Meeting of Shareholders (the "Meeting") on.

  • GlobeNewswire3 hours ago

    Nordic American Offshore Ltd. (NYSE: NAO) Results of Annual General Meeting of Shareholders

    Hamilton, Bermuda, December 12, 2018 Nordic American Offshore LTD (the "Company") (NYSE: NAO) conducted its Annual General Meeting of Shareholders (the "Meeting") on December 11, 2018 ...

  • GlobeNewswire7 hours ago

    Nordic American Offshore Ltd. (NYSE: NAO) - Private Placement and Senior Management and Board Appointments

    Nordic American Offshore Ltd. (NAO) announced today that it has entered into a share purchase agreement with Scorpio Offshore Investments Inc., a closely held company owned and controlled by the Lolli-Ghetti family, including Emanuele Lauro ("Scorpio"), pursuant to which Scorpio has invested USD 5,000,000 in a private placement of the Company`s common shares at a price of US$ 0.42 per share (the "Private Placement").  Clarksons Platou Securities AS acted as financial advisor to NAO in connection with the Private Placement. Effective upon closing of the Private Placement, Mr. Emanuele Lauro was appointed Chairman and Chief Executive Officer of the Company.  In addition, Mr. Robert Bugbee has been appointed to the Company`s board and to the office of President, Mr. Cameron Mackey has been appointed Chief Operating Officer and Mr. Filippo Lauro has been appointed Vice President.  Concurrent with the Private Placement Mr. Herbjørn Hansson resigned from the board of directors and Ms. Marianne Lie has also resigned from the office of Executive Vice-Chair and will remain a director.

  • GlobeNewswire7 hours ago

    Nordic American Offshore Ltd. (NYSE: NAO) - Private Placement and Senior Management and Board Appointments

    Nordic American Offshore Ltd. (NAO) announced today that it has entered into a share purchase agreement with Scorpio Offshore Investments Inc., a closely held company owned and controlled by the Lolli-Ghetti family, including Emanuele Lauro ("Scorpio"), pursuant to which Scorpio has invested USD 5,000,000 in a private placement of the Company's common shares at a price of US$ 0.42 per share (the "Private Placement").  Clarksons Platou Securities AS acted as financial advisor to NAO in connection with the Private Placement. Effective upon closing of the Private Placement, Mr. Emanuele Lauro was appointed Chairman and Chief Executive Officer of the Company.  In addition, Mr. Robert Bugbee has been appointed to the Company's board and to the office of President, Mr. Cameron Mackey has been appointed Chief Operating Officer and Mr. Filippo Lauro has been appointed Vice President.  Concurrent with the Private Placement Mr. Herbjørn Hansson resigned from the board of directors and Ms. Marianne Lie has also resigned from the office of Executive Vice-Chair and will remain a director.

  • GlobeNewswire7 days ago

    Nordic American Offshore Ltd. (NYSE: NAO) - Term employment for one ship

    Nordic American Offshore Ltd (NAO) has been awarded a one-year fixed contract for the Platform Supply Vessel (PSV) "NAO Power" (2013). "NAO Power" will be operating above all in the North Sea for a first class company.  This contract has been concluded with one of our 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.

  • GlobeNewswire7 days ago

    Nordic American Offshore Ltd. (NYSE: NAO) - Term employment for one ship

    Nordic American Offshore Ltd (NAO) has been awarded a one-year fixed contract for the Platform Supply Vessel (PSV) "NAO Power" (2013). "NAO Power" will be operating above all in the North Sea for a first class company.  This contract has been concluded with one of our 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.

  • GlobeNewswire19 days ago

    Nordic American Offshore Ltd. (NYSE: NAO) Contemplated offshore project.

    Hamilton, Bermuda, November 23, 2018 Dear Shareholders, The contemplated business combination, involving NAO and a group in Eastern Canada (Horizon Maritime), has.

  • GlobeNewswire19 days ago

    Nordic American Offshore Ltd. (NYSE: NAO) Contemplated offshore project.

    The contemplated business combination, involving NAO and a group in Eastern Canada (Horizon Maritime), has been shelved as it has been decided not to move forward at this time. A Nordic company (Nordic Canadian Shipping Ltd) was engaged in the area during the 1990s at the Cohasset Panuke oil field which ceased oil production in 1999. 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.

  • Nordic American Offshore Ltd. (NYSE: NAO) - 3Q2018 Earnings Report
    GlobeNewswire26 days ago

    Nordic American Offshore Ltd. (NYSE: NAO) - 3Q2018 Earnings Report

    Nordic American Offshore Ltd ("NAO" or the "Company") owns and operates a fleet of 10 Platform Supply Vessels (PSV) each averaging approximately 4,000 DWT and with an average age of about 5 years. The Net Operating Loss was -$6.0m for 3Q18 compared with -$7.9m for 2Q18 (GAAP measure). At the start of 3Q18 we faced a surplus of vessels re-introduced to the market, from lay-up conditions and from other regions.

  • GlobeNewswire26 days ago

    Nordic American Offshore Ltd. (NYSE: NAO) - 3Q2018 Earnings Report

    Nordic American Offshore Ltd ("NAO" or the "Company") owns and operates a fleet of 10 Platform Supply Vessels (PSV) each averaging approximately 4,000 DWT and with an average age of about 5 years. The Net Operating Loss was -$6.0m for 3Q18 compared with -$7.9m for 2Q18 (GAAP measure). At the start of 3Q18 we faced a surplus of vessels re-introduced to the market, from lay-up conditions and from other regions.

  • GlobeNewswire28 days ago

    Nordic American Offshore Ltd. (NYSE: NAO) Announces the Date for its 2018 Annual General Meeting of Shareholders

    The Company`s Notice of the Meeting and Proxy Statement were furnished to the Securities and Exchange Commission (the "Commission") on November 13, 2018 and can be found on the Commission`s website at www.sec.gov. The Notice of the Meeting and Proxy Statement may also be found on the Company`s website at www.nao.bm.

  • GlobeNewswire28 days ago

    Nordic American Offshore Ltd. (NYSE: NAO) Announces the Date for its 2018 Annual General Meeting of Shareholders

    The Company's Notice of the Meeting and Proxy Statement were furnished to the Securities and Exchange Commission (the "Commission") on November 13, 2018 and can be found on the Commission's website at www.sec.gov. The Notice of the Meeting and Proxy Statement may also be found on the Company's website at www.nao.bm.

  • GlobeNewswirelast month

    Nordic American Offshore Ltd. (NYSE: NAO) - Update on the business combination with Horizon Maritime of Canada

    Hamilton, Bermuda, October 31, 2018 Dear shareholders, We refer to the press announcement of October 1, 2018 describing the business combination between NAO and.

  • GlobeNewswirelast month

    Nordic American Offshore Ltd. (NYSE: NAO) - Update on the business combination with Horizon Maritime of Canada

    Hamilton, Bermuda, October 31, 2018 Dear shareholders, We refer to the press announcement of October 1, 2018 describing the business combination between NAO and Horizon Maritime of Canada.  In the October ...

  • GlobeNewswire2 months ago

    Nordic American Offshore Ltd. (NYSE: NAO) - Contemplated business combination with Horizon Maritime of Canada

    Nordic American Offshore Ltd (NAO) is pleased to announce it has entered into a Memorandum of Understanding (MOU) which contemplates a combination with Canada based Horizon Maritime Services Ltd. Canadian businessman and investor Mr John Risley and his companies are supporting the transaction. Subject to due diligence and the execution of a binding agreement within October 31, 2018, NAO shareholders will own 48% of the resulting business and Horizon shareholders 52 %.

  • GlobeNewswire2 months ago

    Nordic American Offshore Ltd. (NYSE: NAO) - Contemplated business combination with Horizon Maritime of Canada

    Nordic American Offshore Ltd (NAO) is pleased to announce it has entered into a Memorandum of Understanding (MOU) which contemplates a combination with Canada based Horizon Maritime Services Ltd. Canadian businessman and investor Mr John Risley and his companies are supporting the transaction. Subject to due diligence and the execution of a binding agreement within October 31, 2018, NAO shareholders will own 48% of the resulting business and Horizon shareholders 52 %.

  • GlobeNewswire3 months ago

    Nordic American Offshore Ltd. (NYSE:NAO) Announces Receipt of message from NYSE

    It was noted by NYSE that the NAO stock price had been under USD 1 dollar per share which is required by the NYSE continued listing rules. NAO has a program to correct this. NAO has a six-month cure period as from end August 2018 and the issue would go away following the implementation of such a cure program.

  • GlobeNewswire3 months ago

    Nordic American Offshore Ltd. (NYSE:NAO) Announces Receipt of message from NYSE

    It was noted by NYSE that the NAO stock price had been under USD 1 dollar per share which is required by the NYSE continued listing rules. NAO has a program to correct this. NAO has a six-month cure period as from end August 2018 and the issue would go away following the implementation of such a cure program.

  • GlobeNewswire3 months ago

    Nordic American Offshore Ltd. (NYSE: NAO) - Transcript of conference call

    Hamilton, Bermuda, September 12, 2018 We had a conference call for shareholders/investors on Monday September 10, 2018. Attached please find the transcript of the conference call. Link to: NAO Ltd: Status ...

  • GlobeNewswire3 months ago

    Nordic American Offshore Ltd. (NYSE: NAO) - Telephone Conference for Shareholders/Investors, Monday September 10, 2018 at 10:00 am US Eastern Time

    Hamilton, Bermuda, September 10, 2018 As communicated to the market August 28, 2018, a conference for shareholders/investors will be held at 10:00 am US Eastern Time Monday September 10, 2018. Attached ...

  • GlobeNewswire3 months ago

    Nordic American Offshore Ltd. (NYSE: NAO) - Telephone Conference for Shareholders/Investors, Monday September 10, 2018 at 10:00 am US Eastern Time

    Hamilton, Bermuda, September 7, 2018 As communicated to the market August 28, 2018, a conference for shareholders/investors will be held at 10:00 am US Eastern Time Monday September 10, 2018. Before the ...