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Nordic American Tankers Limited (NAT)

NYSE - NYSE Delayed Price. Currency in USD
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2.9800-0.0700 (-2.30%)
At close: 4:00PM EST

3.0000 +0.02 (0.67%)
After hours: 7:56PM EST

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Chart Events
Neutralpattern detected
Previous Close3.0500
Open3.0200
Bid2.9900 x 3100
Ask3.0100 x 3100
Day's Range2.9500 - 3.0300
52 Week Range2.3000 - 9.0000
Volume3,252,557
Avg. Volume2,448,692
Market Cap450.591M
Beta (5Y Monthly)0.65
PE Ratio (TTM)4.81
EPS (TTM)0.6200
Earnings DateFeb 16, 2021 - Feb 22, 2021
Forward Dividend & Yield0.16 (5.25%)
Ex-Dividend DateDec 01, 2020
1y Target Est6.18
  • Nordic American Tankers Ltd (NYSE: NAT) – Low/decreasing oil price and political uncertainty are good for our Suezmax tankers
    GlobeNewswire

    Nordic American Tankers Ltd (NYSE: NAT) – Low/decreasing oil price and political uncertainty are good for our Suezmax tankers

    December 21, 2020 Dear Shareholders and Investors,  Last week we commented on the strong economic development in Asia. This is a contrast to the uncertainties elsewhere in the world. Regional imbalances in demand, combined with a decreasing price of oil that we now see, stimulate transportation of oil that our Suezmax tankers carry. This is all good for our tankers. Sincerely, Herbjorn HanssonFounder, Chairman & CEONordic American Tankers Ltd.                                                           www.nat.bm   CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSMatters 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.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. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.NAT is a Bermuda based company.Contacts:        Gary J. Wolfe Seward & Kissel LLP New York, USA Tel: +1 212 574 1223 Bjørn Giæver, CFO                                                              Nordic American Tankers Ltd                                              Tel: +1 888 755 8391 or +47 91 35 00 91                                 Herbjørn Hansson, Chairman & CEO Nordic American Tankers Ltd Tel: +1 866 805 9504 or +47 90 14 62 91

  • Nordic American Tankers Ltd (NYSE: NAT) – Announces Results of its 2020 Annual General Meeting of Shareholders
    GlobeNewswire

    Nordic American Tankers Ltd (NYSE: NAT) – Announces Results of its 2020 Annual General Meeting of Shareholders

    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: 1. Election of the five nominees to the Board of Directors. 2. Approval of the appointment of KPMG AS as the Company's independent auditors. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSMatters 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.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. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.NAT is a Bermuda based company.Contacts:       Gary J. Wolfe Seward & Kissel LLP New York, USA Tel: +1 212 574 1223Bjørn Giæver, CFO Nordic American Tankers Limited Tel: +1 888 755 8391 or +47 91 35 00 91       Herbjørn Hansson, Chairman & CEO Nordic American Tankers Limited Tel: +1 866 805 9504 or +47 90 14 62 91

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    Zacks

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