NAT - Nordic American Tankers Limited

NYSE - NYSE Delayed Price. Currency in USD
2.67
+0.07 (+2.69%)
At close: 4:02PM EDT
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Previous Close2.60
Open2.65
Bid0.00 x 28000
Ask0.00 x 800
Day's Range2.61 - 2.70
52 Week Range1.82 - 6.65
Volume2,158,137
Avg. Volume1,218,689
Market Cap379.06M
Beta0.51
PE Ratio (TTM)N/A
EPS (TTM)-1.93
Earnings DateAug 6, 2018 - Aug 13, 2018
Forward Dividend & Yield0.04 (1.85%)
Ex-Dividend Date2018-05-23
1y Target Est3.37
Trade prices are not sourced from all markets
  • 3 Oil Tanker Stocks That Will Prosper Despite Higher OPEC Quotas
    InvestorPlace12 hours ago

    3 Oil Tanker Stocks That Will Prosper Despite Higher OPEC Quotas

    OPEC meetings usually have an effect on oil tanker stocks. This leaves room for other OPEC countries to compensate for the shortfall, making it unlikely the low oil prices seen in 2016 will return. Freight rates fell by 65% in 2017, which decimated tanker stocks.

  • Analyzing Bunker Fuel Prices in Week 24
    Market Realist14 hours ago

    Analyzing Bunker Fuel Prices in Week 24

    Previously in this series, we noted that most of the crude tanker stocks fell in week 24, which ended on June 15. In week 24, the average VLCC (very large crude carrier) rates dropped, while the average Suezmax rates rose. In this part, we’ll see how bunker fuel prices fared in week 24.

  • Week 24: Crude Tanker Index Rose, Tanker Stocks Fell
    Market Realist17 hours ago

    Week 24: Crude Tanker Index Rose, Tanker Stocks Fell

    When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 24, which ended on June 15, the BDTI rose from 734 to 746. The index shows the direction that crude tanker rates are heading. The index has risen ~6.6% since the beginning of the year.

  • ACCESSWIRE20 hours ago

    Free Post Earnings Research Report: Nordic American Tankers Reported Q1 FY18 Results

    LONDON, UK / ACCESSWIRE / June 20, 2018 / If you want access to our free earnings report on Nordic American Tankers Ltd (NYSE: NAT) ("NAT"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NAT. The Company reported its financial results on May 16, 2018, for the first quarter of the fiscal year 2018, ended March 31, 2018. The Company surpassed analysts' estimates for earnings and revenues for Q1 FY18.

  • Crude Tanker Stocks Jump as Wells Fargo Upgrades to ‘Outperform’
    Market Realistyesterday

    Crude Tanker Stocks Jump as Wells Fargo Upgrades to ‘Outperform’

    Wells Fargo’s analyst Michael Webber upgraded three crude tanker stocks and revised their target prices. According to Wells Fargo, the tanker market is uniquely positioned to take advantage of the likely increase in oil production.

  • Why Nordic American Tankers Stock Jumped 21% Yesterday
    Market Realist2 days ago

    Why Nordic American Tankers Stock Jumped 21% Yesterday

    On the same day, its peers Teekay Tankers (TNK), Euronav (EURN), Navios Maritime Midstream Partners (NAP), and Frontline (FRO) rose 9.9%, 5.7%, 2.6%, and 9.3%, respectively. Nordic American Tankers has seen a year-to-date return of 6.5%. The stock’s jump was a reaction to Nordic American Tankers’ open letter to its shareholders and investors.

  • Why Nordic American Tankers Stock Just Popped 13%
    Motley Fool3 days ago

    Why Nordic American Tankers Stock Just Popped 13%

    Management sounds the all-clear for investors.

  • GlobeNewswire3 days ago

    Nordic American Tankers Limited (NYSE:NAT) - Solid financial position

    It is worth noting that the expected improvement in the tanker market is becoming clearer. 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.

  • GlobeNewswire3 days ago

    Nordic American Tankers Limited (NYSE:NAT) - Solid financial position

    It is worth noting that the expected improvement in the tanker market is becoming clearer. 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.

  • GlobeNewswire8 days ago

    Nordic American Tankers Limited (NYSE:NAT) - Fixed 3-year time charter (TC) plus options for one of the NAT suezmax newbuildings, producing cashflow and earnings.

    The contract is expected to commence in the autumn of 2018.  Over the years, NAT has taken delivery of several newbuildings from Samsung Shipyard in South Korea. The contract has a base rate of $21,000 per day, producing positive cashflow and earnings.  The time charter includes two optional periods that could extend the TC contract into 2023. 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.

  • GlobeNewswire8 days ago

    Nordic American Tankers Limited (NYSE:NAT) - Fixed 3-year time charter (TC) plus options for one of the NAT suezmax newbuildings, producing cashflow and earnings.

    The contract is expected to commence in the autumn of 2018.  Over the years, NAT has taken delivery of several newbuildings from Samsung Shipyard in South Korea. The contract has a base rate of $21,000 per day, producing positive cashflow and earnings.  The time charter includes two optional periods that could extend the TC contract into 2023. 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.

  • GlobeNewswire13 days ago

    Nordic American Tankers Limited (NYSE:NAT) - Further adjustment of the NAT fleet

    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.

  • GlobeNewswire13 days ago

    Nordic American Tankers Limited (NYSE:NAT) - Further adjustment of the NAT fleet

    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.

  • GlobeNewswire14 days ago

    Report: Exploring Fundamental Drivers Behind Horizon Pharma Public, Lululemon Athletica, Nordic American Tankers, UBS Group AG, 21Vianet Group, and Sandstorm Gold — New Horizons, Emerging Trends, and Upcoming Developments

    NEW YORK, June 07, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Horizon ...

  • Bunker Fuel Prices Fell in Week 22
    Market Realist14 days ago

    Bunker Fuel Prices Fell in Week 22

    Previously in this series, we noted that most of the crude tanker stocks rose in week 22, which ended on June 1. In week 22, the average VLCC (very large crude carrier) rates rose, while the average Suezmax rates dropped. In this part, we’ll see how bunker fuel prices fared in week 22.

  • Gener8 Maritime Partners: Analysts Recommend a ‘Buy’
    Market Realist16 days ago

    Gener8 Maritime Partners: Analysts Recommend a ‘Buy’

    According to Reuters, the consensus rating for Gener8 Maritime Partners (GNRT) is 2.17, which means a “buy.”

  • Crude Tanker Companies: Analysts’ Ratings after Q1 2018
    Market Realist20 days ago

    Crude Tanker Companies: Analysts’ Ratings after Q1 2018

    Crude tanker rates struggled in 2017. The rates have continued to decline in 2018. Crude tanker rates have been impacted by supply and demand concerns. The primary reasons behind the fall are OPEC’s oil production cuts, low cargo demand, and high fleet growth. The Middle East countries, especially Saudi Arabia and Angola—OPEC’s largest African producer, have reduced their oil production more than the pre-decided output cut. The compliance to production cuts has been more than 100%, which caused cargoes to decline from the Middle East.

  • Analyst Ratings on Crude Tankers Were Unchanged in Week 21
    Market Realist21 days ago

    Analyst Ratings on Crude Tankers Were Unchanged in Week 21

    In this part, we’ll discuss analysts’ recommendations for crude tanker companies in week 21, which ended on May 25.

  • Where Are Bunker Fuel Prices Headed?
    Market Realist21 days ago

    Where Are Bunker Fuel Prices Headed?

    Previously in this series, we noted that most of the crude tanker stocks rose in week 21, which ended on May 25. In this part, we’ll see how bunker fuel prices fared in week 21.

  • Analysts Estimate a 65% Fall in Frontline’s First-Quarter EBITDA
    Market Realist21 days ago

    Analysts Estimate a 65% Fall in Frontline’s First-Quarter EBITDA

    As we saw in the previous part of this series, analysts expect a 30% YoY (year-over-year) fall in Frontline’s (FRO) first-quarter revenues. In this part of the series, we’ll see what analysts expect for Frontline’s EBITDA for the first quarter and for the fiscal year.

  • DNB Market Raised Frontline’s Target Price
    Market Realist22 days ago

    DNB Market Raised Frontline’s Target Price

    We’ve already looked at what analysts expect for Frontline’s (FRO) revenues and EBITDA. Now, let’s look at what analysts recommend for Frontline and its peers.

  • GlobeNewswire22 days ago

    Nordic American Tankers Limited (NYSE:NAT) - Adjustment of the fleet - Sale of two vessels- prospects are positive - focus on dividend

    As announced in our press release of May 3, 2018, the company indicated a possible sale of two vessels.  Today, we confirm the sale of two vessels, adjusting the fleet from 33 to 31 suezmaxes in the short term. The sale of vessels is, however, a part of the company`s plan to expand as NAT has three newbuildings coming from a Korean yard.  The newbuildings are joining our fleet during the second half of 2018. The commercial life of a suezmax could be 20 years or more.  Therefore, such transactions are a natural part of our business.  The total cash to NAT from the sale of these two vessels is between $9 million and $10 million per vessel.

  • GlobeNewswire22 days ago

    Nordic American Tankers Limited (NYSE:NAT) - Adjustment of the fleet - Sale of two vessels- prospects are positive - focus on dividend

    As announced in our press release of May 3, 2018, the company indicated a possible sale of two vessels.  Today, we confirm the sale of two vessels, adjusting the fleet from 33 to 31 suezmaxes in the short term. The sale of vessels is, however, a part of the company's plan to expand as NAT has three newbuildings coming from a Korean yard.  The newbuildings are joining our fleet during the second half of 2018. The commercial life of a suezmax could be 20 years or more.  Therefore, such transactions are a natural part of our business.  The total cash to NAT from the sale of these two vessels is between $9 million and $10 million per vessel.

  • Analysts Expect Frontline’s First-Quarter Revenue to Fall 30%
    Market Realist22 days ago

    Analysts Expect Frontline’s First-Quarter Revenue to Fall 30%

    Wall Street analysts estimate net revenues of $85.2 million for Frontline (FRO) in the first quarter. A sequential fall from $178.5 million in the previous quarter and a 30% fall from $121.9 million in the first quarter of 2017.

  • Evercore Revised Teekay Tankers’ Target Price in Week 20
    Market Realist24 days ago

    Evercore Revised Teekay Tankers’ Target Price in Week 20

    In this part, we’ll discuss analysts’ recommendations for crude tanker companies in week 20, which ended on May 18.