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.

Open

3.08

Mkt cap

622M

Volume

1.8M

High

3.10

P/E Ratio

10.28

52-wk high

4.64

Low

2.97

Div yield

0.14

52-wk low

2.95

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

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

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