Streetbeat News

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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Jefferies analyst Omar Nokta reiterates a Buy rating on Nordic American Tankers (NAT) and maintains a $5.5 price target.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:15 pm

Nordic American Tankers (NYSE:NAT) reported Q4 earnings with an EPS of $0.08, missing estimates by -38.0% against an expected $0.13. Revenue decreased by $11.84 million from the same period last year. The company's past earnings performance shows a pattern of missed EPS estimates leading to a drop in share price the following day.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 12:55 pm

Nordic American Tankers (NAT) reported its Q4 Average Time Charter Equivalent (TCE) for its fleet at $39,170 per day per ship, indicating the company's current performance in the tanker market.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:59 am

Nordic American Tankers (NAT) reported Q4 earnings of $0.08 per share, missing the $0.13 estimate, and sales of $59.25M, missing the $68.69M estimate. This represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:57 am

Wall Street's most accurate analysts recommend three energy stocks with over 5% dividend yields: Vitesse Energy, Inc. (VTS), Kinetik Holdings Inc. (KNTK), and Nordic American Tankers Limited (NAT). These stocks are highlighted for their high dividend yields and recent analyst ratings, with VTS and KNTK receiving Buy ratings and positive price targets, while NAT also received Buy ratings despite posting downbeat quarterly results.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 12:21 pm

Nordic American Tankers (NYSE:NAT) is distributing a $0.06 per share dividend today, with an annualized yield of 5.61%. The dividend trend from 2020 to 2023 has been positive, increasing from $0.45 to $0.49 per share. However, earnings per share have decreased from $0.62 in 2020 to $0.56 in 2023, raising concerns about future dividend sustainability. Okeanis Eco Tankers (NYSE:ECO) has the highest annualized dividend yield in the industry at 18.10%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:05 pm

Despite the Dow Jones index gaining around 40 points on Tuesday, several stocks recorded losses. ZIM Integrated Shipping Services, Luther Burbank Corporation, Qurate Retail, Teekay Tankers, Nordic American Tankers, Lexeo Therapeutics, Canaan Inc., B. Riley Financial, CleanSpark, and Marathon Digital Holdings all saw their share prices fall. The decline in Bitcoin's value contributed to the losses experienced by Canaan Inc., CleanSpark, Inc., and Marathon Digital Holdings, Inc.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 3:16 pm

The article discusses three high-yielding dividend stocks in the energy sector, as rated by Wall Street's most accurate analysts according to Benzinga's Analyst Stock Ratings. Nordic American Tankers Limited (NAT) has a dividend yield of 6.12% and received a Buy rating with a raised price target. SFL Corporation Ltd. (SFL) offers a 9.09% dividend yield, with a Neutral rating and an increased price target. Vitesse Energy, Inc. (VTS) has an 8.79% dividend yield, received a Buy rating, but reported downbeat earnings for the third quarter.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 1:37 pm

Nordic American Tankers Ltd (NYSE:NAT) reported Q3 FY23 earnings with net voyage revenue of $48.04 million, up 1.4% Y/Y but below the $59.14 million consensus. EPS was $0.04, down from $0.05 in 3Q22 and missing the $0.05 consensus. Operating income and adjusted EBITDA also declined Y/Y. The company declared a $0.06 dividend per share, with a new Suezmax tanker delivery scheduled for December 4, 2023. NAT shares fell 8.4% to $3.92.

Portfolio Pulse from Akanksha Bakshi

November 29, 2023 | 4:45 pm

The article provides an overview of value stocks in the industrials sector, focusing on companies with low P/E multiples. Notable value stocks mentioned include Air Lease (AL), AGCO (AGCO), Avis Budget Group (CAR), Harte-Hanks (HHS), and Nordic American Tankers (NAT). The article highlights their Q3 earnings per share and changes in dividend yields compared to Q2. Benzinga Insights selected these stocks based on quantified analysis for investor insight.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 2:41 pm

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