NAO - Nordic American Offshore Ltd.

NYSE - NYSE Delayed Price. Currency in USD
3.0500
-0.0400 (-1.29%)
At close: 3:58PM EST
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Previous Close3.0900
Open3.0700
Bid3.02 x 1000
Ask3.25 x 1000
Day's Range3.0500 - 3.1000
52 Week Range2.9000 - 13.0000
Volume7,088
Avg. Volume23,790
Market Cap22.491M
Beta (3Y Monthly)-0.52
PE Ratio (TTM)N/A
EPS (TTM)-5.86
Earnings DateMar 4, 2019
Forward Dividend & Yield0.40 (12.05%)
Ex-Dividend Date2018-05-24
1y Target Est1.00
Trade prices are not sourced from all markets
  • GlobeNewswire3 days 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. ...

  • GlobeNewswire8 days ago

    Nordic American Offshore Ltd. Announces Agreement to Extend Waiver Period

    Additionally, the Company has announced that it is reviewing the impairment calculation of its vessels as of December 31, 2018 and anticipates that the vessels will be written down to their current estimated market values.  The Company is continuing to review strategic options to fund its operations and reduce its current outstanding debt levels. NAO is a Bermuda-based company listed on the New York Stock Exchange.

  • GlobeNewswirelast month

    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.

  • GlobeNewswirelast month

    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.

  • GlobeNewswire2 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.

  • GlobeNewswire2 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.

  • GlobeNewswire2 months 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 ...

  • GlobeNewswire2 months 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.

  • GlobeNewswire2 months 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.

  • GlobeNewswire3 months 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.

  • GlobeNewswire3 months 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
    GlobeNewswire3 months 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.

  • GlobeNewswire3 months 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.