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NAT

Nordic American Tankers Limited

https://www.nat.bm

Industry

Marine Shipping

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 24 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011. The company was incorporated in 1995 and is based in Hamilton, Bermuda.

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Analysts have provided their ratings on three high-yield energy stocks: Nordic American Tankers, Vitesse Energy, and Chord Energy. Despite high dividend yields, these companies have faced recent challenges, including missed earnings and reduced price targets.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 12:03 pm

Nordic American Tankers Limited (NYSE:NAT) reported disappointing Q1 FY24 results, missing revenue and EPS estimates. The company is expanding its fleet, with several new vessels expected in the coming years. NAT shares dropped 8.75% following the news.

Portfolio Pulse from Lekha Gupta

May 29, 2024 | 4:59 pm

Jefferies analyst Omar Nokta maintains a Buy rating on Nordic American Tankers (NYSE:NAT) but lowers the price target from $5.5 to $5.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:14 pm

Shares of oil and gas companies are trading lower amid a drop in the price of crude.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:00 pm

Nordic American Tankers reported that its Q1 average Time Charter Equivalent (TCE) for its fleet was $34,320 per day per ship.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:17 pm

Nordic American Tankers (NYSE:NAT) reported Q1 2024 earnings per share of $0.07, missing the analyst estimate of $0.11 by 36.36%. The company also reported sales of $60.572 million, missing the estimate of $76.562 million by 20.89%. This represents a 30.45% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:15 pm

Five energy stocks, including NextDecade Corporation, Targa Resources Corp., Teekay Tankers Ltd., Nordic American Tankers Limited, and ProPetro Holding Corp., are showing overbought signals with RSI values above 70. This could indicate potential price declines in the short term.

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 11:51 am

Wall Street's most accurate analysts recommend buying three energy stocks with high dividend yields: Nordic American Tankers Limited (NAT), Kimbell Royalty Partners, LP (KRP), and Ardmore Shipping Corporation (ASC). These stocks offer dividend yields ranging from 5.14% to 12.21%. Analysts from Jefferies, B. Riley Securities, Raymond James, Keybanc, and Stifel have provided ratings and price targets for these stocks, highlighting their potential despite recent market turbulence.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 10:34 am

Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT), purchased 250,000 shares of NAT at $4.25 each, totaling $1,062,500. This acquisition increases his private ownership to 2,500,000 shares, reinforcing the Hansson family's position as the largest private shareholder group in NAT.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:56 pm

Evercore ISI Group analyst Jonathan Chappell has maintained an In-Line rating on Nordic American Tankers (NYSE:NAT) but lowered the price target from $5 to $4.5.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:00 pm

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