Nordic American Tankers Limited (NAT)
Chart Events
Performance Outlook
| Previous Close | 3.1400 |
| Open | 3.1500 |
| Bid | 3.1800 x 4000 |
| Ask | 3.1900 x 4000 |
| Day's Range | 3.1300 - 3.2100 |
| 52 Week Range | 2.7500 - 9.0000 |
| Volume | 2,409,065 |
| Avg. Volume | 4,317,445 |
| Market Cap | 481.598M |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 9.35 |
| EPS (TTM) | 0.3400 |
| Earnings Date | May 17, 2021 - May 21, 2021 |
| Forward Dividend & Yield | 0.40 (12.58%) |
| Ex-Dividend Date | Mar 11, 2021 |
| 1y Target Est | 4.81 |
Fair Value
Related Research
- GlobeNewswire
Nordic American Tankers Ltd (NYSE: NAT) – Purchase of shares by NAT board member Alexander Hansson
Wednesday, April 14, 2021 Dear Shareholders and Investors, Alexander Hansson has today bought 40,000 shares in NAT at USD 3.16. He is a Director of the board of NAT. Alexander Hansson is son of Herbjorn Hansson, the NAT Founder, Chairman & CEO. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 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. 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. WolfeSeward & Kissel LLPNew York, USATel: +1 212 574 1223 Bjørn Giæver, CFO Nordic American Tankers Ltd Tel: +1 888 755 8391 or +47 91 35 00 91 Herbjørn Hansson, Founder, Chairman & CEONordic American Tankers LtdTel: +1 866 805 9504 or +47 90 14 62 91
- GlobeNewswire
Nordic American Tankers Ltd (NYSE: NAT) – Comments on the opening of the Suez Canal
Tuesday, April 6, 2021 Dear Shareholders and Investors, On 24th of March 2021, one of the largest ships in the world blocked the Suez Canal. The ship was blocking the canal until Monday, March 29, about a week after the closure. Already Thursday, March 25, we commented on the blocking of the Suez Canal. Thereafter, when the canal was opened, tanker rates fell back, although slightly less than the original increase. The immediate strong increase in tanker rates due to this short blockage of the Suez Canal, is an illustration of a market nearing a boiling point. Long before the Suez Canal was closed, we saw a strong increase in rates for our Suezmax tankers which can load one million barrels. The strategic position of our company has been substantially improved over the last two years. We have 24 ships trading on short term contracts, whilst one ship is on a longer term contract. There is a strong drive in the market, indicating an improvement in the time to come. We have recently seen this improvement, having concluded contracts giving rates between USD 15,000 a day up to USD 25,000 a day. In the weeks rather than months ahead, we expect an increase in rates for our ships. This development has already started. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 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. 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. WolfeSeward & Kissel LLPNew York, USATel: +1 212 574 1223 Bjørn Giæver, CFO Nordic American Tankers Ltd Tel: +1 888 755 8391 or +47 91 35 00 91 Herbjørn Hansson, Founder, Chairman & CEONordic American Tankers LtdTel: +1 866 805 9504 or +47 90 14 62 91
- Benzinga
Benzinga's Top Ratings Upgrades, Downgrades For March 29, 2021
Upgrades According to Citigroup, the prior rating for GSX Techedu Inc (NYSE:GSX) was changed from Sell to Buy. In the fourth quarter, GSX Techedu showed an EPS of $0.39, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $149.05 and a 52-week-low of $27.06. At the end of the last trading period, GSX Techedu closed at $39.00. According to Loop Capital, the prior rating for ViacomCBS Inc (NASDAQ:VIAC) was changed from Sell to Hold. For the fourth quarter, ViacomCBS had an EPS of $1.04, compared to year-ago quarter EPS of $0.97. The stock has a 52-week-high of $101.97 and a 52-week-low of $11.92. At the end of the last trading period, ViacomCBS closed at $48.23. Loop Capital upgraded the previous rating for Baidu Inc (NASDAQ:BIDU) from Hold to Buy. Baidu earned $3.08 in the fourth quarter, compared to $3.81 in the year-ago quarter. The current stock performance of Baidu shows a 52-week-high of $354.82 and a 52-week-low of $90.94. Moreover, at the end of the last trading period, the closing price was at $208.61. For PTC Therapeutics Inc (NASDAQ:PTCT), RBC Capital upgraded the previous rating of Underperform to Sector Perform. In the fourth quarter, PTC Therapeutics showed an EPS of $1.08, compared to $1.37 from the year-ago quarter. At the moment, the stock has a 52-week-high of $70.82 and a 52-week-low of $40.03. PTC Therapeutics closed at $49.21 at the end of the last trading period. For Harmony Biosciences Holdings Inc (NASDAQ:HRMY), Goldman Sachs upgraded the previous rating of Neutral to Buy. In the fourth quarter, Harmony Biosciences earned $0.25. The stock has a 52-week-high of $52.74 and a 52-week-low of $26.51. At the end of the last trading period, Harmony Biosciences closed at $27.56. Truist Securities upgraded the previous rating for Twitter Inc (NYSE:TWTR) from Hold to Buy. For the fourth quarter, Twitter had an EPS of $0.38, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $80.75 and a 52-week-low of $22.36. Twitter closed at $61.31 at the end of the last trading period. Morgan Stanley upgraded the previous rating for Carrier Global Corp (NYSE:CARR) from Equal-Weight to Overweight. Carrier Global earned $0.31 in the fourth quarter. The stock has a 52-week-high of $41.94 and a 52-week-low of $12.26. At the end of the last trading period, Carrier Global closed at $41.14. Morgan Stanley upgraded the previous rating for Johnson Controls International PLC (NYSE:JCI) from Equal-Weight to Overweight. For the first quarter, Johnson Controls Intl had an EPS of $0.43, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $62.40 and a 52-week-low of $24.66. At the end of the last trading period, Johnson Controls Intl closed at $59.99. According to Compass Point, the prior rating for Cowen Inc (NASDAQ:COWN) was changed from Neutral to Buy. In the fourth quarter, Cowen showed an EPS of $4.58, compared to $0.58 from the year-ago quarter. The stock has a 52-week-high of $43.17 and a 52-week-low of $8.46. At the end of the last trading period, Cowen closed at $34.34. For Otis Worldwide Corp (NYSE:OTIS), HSBC upgraded the previous rating of Reduce to Hold. Otis Worldwide earned $0.66 in the fourth quarter, compared to $0.47 in the year-ago quarter. The stock has a 52-week-high of $69.38 and a 52-week-low of $41.26. At the end of the last trading period, Otis Worldwide closed at $69.05. Morgan Stanley upgraded the previous rating for Array Technologies Inc (NASDAQ:ARRY) from Underweight to Equal-Weight. In the fourth quarter, Array Technologies earned $0.08. At the moment, the stock has a 52-week-high of $54.78 and a 52-week-low of $26.13. Array Technologies closed at $28.46 at the end of the last trading period. CLSA upgraded the previous rating for Sea Ltd (NYSE:SE) from Outperform to Buy. Sea earned $0.87 in the fourth quarter, compared to $0.53 in the year-ago quarter. The stock has a 52-week-high of $285.00 and a 52-week-low of $40.41. At the end of the last trading period, Sea closed at $208.82. For ViacomCBS Inc (NASDAQ:VIAC), BMO Capital upgraded the previous rating of Underperform to Market Perform. In the fourth quarter, ViacomCBS showed an EPS of $1.04, compared to $0.97 from the year-ago quarter. The current stock performance of ViacomCBS shows a 52-week-high of $101.97 and a 52-week-low of $11.92. Moreover, at the end of the last trading period, the closing price was at $48.23. For Franklin Resources Inc (NYSE:BEN), BMO Capital upgraded the previous rating of Market Perform to Outperform. For the first quarter, Franklin Resources had an EPS of $0.73, compared to year-ago quarter EPS of $0.70. The current stock performance of Franklin Resources shows a 52-week-high of $30.55 and a 52-week-low of $14.91. Moreover, at the end of the last trading period, the closing price was at $29.43. Goldman Sachs upgraded the previous rating for Ovintiv Inc (NYSE:OVV) from Neutral to Buy. Ovintiv earned $0.70 in the fourth quarter, compared to $0.81 in the year-ago quarter. The current stock performance of Ovintiv shows a 52-week-high of $28.69 and a 52-week-low of $2.39. Moreover, at the end of the last trading period, the closing price was at $24.26. According to Deutsche Bank, the prior rating for Everest Re Group Ltd (NYSE:RE) was changed from Hold to Buy. In the fourth quarter, Everest Re Group showed an EPS of $1.12, compared to $3.20 from the year-ago quarter. The stock has a 52-week-high of $256.60 and a 52-week-low of $157.32. At the end of the last trading period, Everest Re Group closed at $249.68. See all analyst ratings upgrades. Downgrades For Co-Diagnostics Inc (NASDAQ:CODX), Maxim Group downgraded the previous rating of Buy to Hold. Co-Diagnostics earned $0.43 in the fourth quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $30.99 and a 52-week-low of $6.81. At the end of the last trading period, Co-Diagnostics closed at $9.70. For Ares Management Corp (NYSE:ARES), BMO Capital downgraded the previous rating of Outperform to Market Perform. Ares Management earned $0.54 in the fourth quarter, compared to $0.67 in the year-ago quarter. The stock has a 52-week-high of $55.96 and a 52-week-low of $28.50. At the end of the last trading period, Ares Management closed at $53.93. For Adecoagro SA (NYSE:AGRO), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. For the fourth quarter, Adecoagro had an EPS of $0.26, compared to year-ago quarter EPS of $0.04. At the moment, the stock has a 52-week-high of $9.64 and a 52-week-low of $3.31. Adecoagro closed at $7.91 at the end of the last trading period. See all analyst ratings downgrades. Initiations With a Sell rating, BWS Financial initiated coverage on Calix Inc (NYSE:CALX). The price target seems to have been set at $13.00 for Calix. Calix earned $0.45 in the fourth quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $48.78 and a 52-week-low of $6.36. At the end of the last trading period, Calix closed at $38.45. With an Outperform rating, Credit Suisse initiated coverage on Oscar Health Inc (NYSE:OSCR). The price target seems to have been set at $34.00 for Oscar Health. The current stock performance of Oscar Health shows a 52-week-high of $37.00 and a 52-week-low of $22.56. Moreover, at the end of the last trading period, the closing price was at $25.68. With a Buy rating, Goldman Sachs initiated coverage on InnovAge Holding Corp (NASDAQ:INNV). The price target seems to have been set at $32.00 for InnovAge Holding. The current stock performance of InnovAge Holding shows a 52-week-high of $27.18 and a 52-week-low of $20.86. Moreover, at the end of the last trading period, the closing price was at $24.35. Goldman Sachs initiated coverage on Oscar Health Inc (NYSE:OSCR) with a Buy rating. The price target for Oscar Health is set to $44.00. At the moment, the stock has a 52-week-high of $37.00 and a 52-week-low of $22.56. Oscar Health closed at $25.68 at the end of the last trading period. Daiwa Capital initiated coverage on DocuSign Inc (NASDAQ:DOCU) with a Buy rating. The price target for DocuSign is set to $239.00. DocuSign earned $0.37 in the fourth quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $290.23 and a 52-week-low of $78.72. DocuSign closed at $201.96 at the end of the last trading period. For InnovAge Holding Corp (NASDAQ:INNV), Barclays initiated coverage, by setting the current rating at Equal-Weight. The current stock performance of InnovAge Holding shows a 52-week-high of $27.18 and a 52-week-low of $20.86. Moreover, at the end of the last trading period, the closing price was at $24.35. HC Wainwright & Co. initiated coverage on Scorpio Tankers Inc (NYSE:STNG) with a Buy rating. The price target for Scorpio Tankers is set to $28.00. For the fourth quarter, Scorpio Tankers had an EPS of $1.41, compared to year-ago quarter EPS of $0.23. The current stock performance of Scorpio Tankers shows a 52-week-high of $28.21 and a 52-week-low of $8.28. Moreover, at the end of the last trading period, the closing price was at $19.76. With a Neutral rating, HC Wainwright & Co. initiated coverage on Ardmore Shipping Corp (NYSE:ASC). The price target seems to have been set at $5.50 for Ardmore Shipping. For the fourth quarter, Ardmore Shipping had an EPS of $0.39, compared to year-ago quarter EPS of $0.08. The current stock performance of Ardmore Shipping shows a 52-week-high of $7.92 and a 52-week-low of $2.61. Moreover, at the end of the last trading period, the closing price was at $4.99. HC Wainwright & Co. initiated coverage on Diamond S Shipping Inc (NYSE:DSSI) with a Buy rating. The price target for Diamond S Shipping is set to $16.50. In the fourth quarter, Diamond S Shipping showed an EPS of $0.71, compared to $0.75 from the year-ago quarter. The stock has a 52-week-high of $15.50 and a 52-week-low of $5.31. At the end of the last trading period, Diamond S Shipping closed at $9.62. With a Buy rating, HC Wainwright & Co. initiated coverage on Tsakos Energy Navigation Ltd (NYSE:TNP). The price target seems to have been set at $18.00 for Tsakos Energy Navigation. For the fourth quarter, Tsakos Energy Navigation had an EPS of $1.08, compared to year-ago quarter EPS of $0.34. At the moment, the stock has a 52-week-high of $11.02 and a 52-week-low of $1.91. Tsakos Energy Navigation closed at $9.98 at the end of the last trading period. With a Neutral rating, HC Wainwright & Co. initiated coverage on Nordic American Tankers Ltd (NYSE:NAT). The price target seems to have been set at $3.75 for Nordic American Tankers. For the fourth quarter, Nordic American Tankers had an EPS of $0.19, compared to year-ago quarter EPS of $0.09. The current stock performance of Nordic American Tankers shows a 52-week-high of $9.00 and a 52-week-low of $2.75. Moreover, at the end of the last trading period, the closing price was at $3.87. HC Wainwright & Co. initiated coverage on International Seaways Inc (NYSE:INSW) with a Buy rating. The price target for International Seaways is set to $30.00. In the fourth quarter, International Seaways showed an EPS of $0.52, compared to $1.32 from the year-ago quarter. The current stock performance of International Seaways shows a 52-week-high of $29.30 and a 52-week-low of $12.44. Moreover, at the end of the last trading period, the closing price was at $19.99. With a Neutral rating, HC Wainwright & Co. initiated coverage on Frontline Ltd (NYSE:FRO). The price target seems to have been set at $8.00 for Frontline. In the fourth quarter, Frontline showed an EPS of $0.10, compared to $0.54 from the year-ago quarter. At the moment, the stock has a 52-week-high of $11.95 and a 52-week-low of $5.28. Frontline closed at $8.09 at the end of the last trading period. With a Buy rating, HC Wainwright & Co. initiated coverage on Euronav NV (NYSE:EURN). The price target seems to have been set at $13.00 for Euronav. Euronav earned $0.29 in the fourth quarter, compared to $0.75 in the year-ago quarter. The stock has a 52-week-high of $12.47 and a 52-week-low of $7.21. At the end of the last trading period, Euronav closed at $9.57. HC Wainwright & Co. initiated coverage on DHT Holdings Inc (NYSE:DHT) with a Neutral rating. The price target for DHT Holdings is set to $7.50. In the fourth quarter, DHT Holdings showed an EPS of $0.04, compared to $0.47 from the year-ago quarter. The current stock performance of DHT Holdings shows a 52-week-high of $8.68 and a 52-week-low of $4.52. Moreover, at the end of the last trading period, the closing price was at $6.51. Benchmark initiated coverage on Esports Entertainment Group Inc (NASDAQ:GMBL) with a Buy rating. The price target for Esports Entertainment is set to $20.00. Esports Entertainment earned $0.57 in the second quarter. The current stock performance of Esports Entertainment shows a 52-week-high of $24.48 and a 52-week-low of $2.40. Moreover, at the end of the last trading period, the closing price was at $14.80. JP Morgan initiated coverage on CytomX Therapeutics Inc (NASDAQ:CTMX) with an Overweight rating. The price target for CytomX Therapeutics is set to $14.00. CytomX Therapeutics earned $0.31 in the fourth quarter, compared to $0.79 in the year-ago quarter. The current stock performance of CytomX Therapeutics shows a 52-week-high of $15.44 and a 52-week-low of $5.95. Moreover, at the end of the last trading period, the closing price was at $7.62. With a Buy rating, Citigroup initiated coverage on InnovAge Holding Corp (NASDAQ:INNV). The price target seems to have been set at $30.00 for InnovAge Holding. The stock has a 52-week-high of $27.18 and a 52-week-low of $20.86. At the end of the last trading period, InnovAge Holding closed at $24.35. With a Buy rating, Deutsche Bank initiated coverage on Cracker Barrel Old Country Store Inc (NASDAQ:CBRL). The price target seems to have been set at $195.00 for Cracker Barrel Old. For the second quarter, Cracker Barrel Old had an EPS of $0.70, compared to year-ago quarter EPS of $2.70. The current stock performance of Cracker Barrel Old shows a 52-week-high of $175.00 and a 52-week-low of $67.32. Moreover, at the end of the last trading period, the closing price was at $172.03. With a Buy rating, Truist Securities initiated coverage on Aspira Womens Health Inc (NASDAQ:AWH). The price target seems to have been set at $12.00 for Aspira Womens Health. Aspira Womens Health earned $0.58 in the fourth quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $10.54 and a 52-week-low of $2.47. Aspira Womens Health closed at $6.81 at the end of the last trading period. JonesTrading initiated coverage on Ocuphire Pharma Inc (NASDAQ:OCUP) with a Buy rating. The price target for Ocuphire Pharma is set to $20.00. The current stock performance of Ocuphire Pharma shows a 52-week-high of $13.81 and a 52-week-low of $5.07. Moreover, at the end of the last trading period, the closing price was at $5.84. William Blair initiated coverage on InnovAge Holding Corp (NASDAQ:INNV) with an Outperform rating. At the moment, the stock has a 52-week-high of $27.18 and a 52-week-low of $20.86. InnovAge Holding closed at $24.35 at the end of the last trading period. With an Overweight rating, Piper Sandler initiated coverage on InnovAge Holding Corp (NASDAQ:INNV). The price target seems to have been set at $31.00 for InnovAge Holding. At the moment, the stock has a 52-week-high of $27.18 and a 52-week-low of $20.86. InnovAge Holding closed at $24.35 at the end of the last trading period. HC Wainwright & Co. initiated coverage on Performance Shipping Inc (NASDAQ:PSHG) with a Buy rating. The price target for Performance Shipping is set to $11.00. Performance Shipping earned $0.51 in the fourth quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $8.11 and a 52-week-low of $0.42. Performance Shipping closed at $5.59 at the end of the last trading period. See all analyst ratings initiations. See more from BenzingaClick here for options trades from BenzingaEarnings Preview for Osmotica Pharmaceuticals5 Value Stocks To Watch In The Communication Services Sector© 2021 Benzinga.com. 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