Seeking Alpha

Nordic American Tanker +4% after reporting improved earnings, cash flow

  • Nordic American Tanker (NAT +4.1%) is higher after reporting Q1 EPS of $0.05 vs. a $0.31 loss in Q4 2013 and a $0.59 loss in the year-ago quarter, and net operating cash flow of $27.1M vs. $1.9M in Q4 2013 and -$4.9M in the year-ago quarter.
  • Says tanker rates achieved on average for Q1 were $26.3K/day per vessel for its trading fleet, vs. $14.1K/day in Q4 2013.
  • Other tanker shares also are higher: VLCCF +5.9%, FRO +4%, TNK +3.1%, TK +1.5%.

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Comments (6)
  • therealevan
    , contributor
    Comments (167) | Send Message
     
    LET THE GAMES BEGIN!
    12 May 2014, 11:45 AM Reply Like
  • jjmc2001
    , contributor
    Comments (1311) | Send Message
     
    Sounds like another secondary offering coming.
    12 May 2014, 12:49 PM Reply Like
  • stockpicker8
    , contributor
    Comments (36) | Send Message
     
    this stock is poised for a big run. all of the suzemax tankers are listed as buys by the big banks. the market for them is clearly improving and nat is showing that they are a well run organization that will profit significantly as the market continues to turn for them.
    12 May 2014, 01:25 PM Reply Like
  • spondrei
    , contributor
    Comments (78) | Send Message
     
    stockpicker, i have to agree with you. I also checked ALL "Big Bank" analysts and their "buy, hold, sells". All have either "strong buy", "buy", or "hold".

     

    $NAT has ALWAYS been a well run organization and to back it up, CEO Herbjorn Hannson, has/is ALWAYS a big "inside buyer" of his company.

     

    I am holding of 100 NAT Jan 15 $9 Calls i bought about 1 yr ago at .30 cents a contract.

     

    Looking for a big profit on those options in Aug/Sept just before they report earnings again.
    12 May 2014, 07:31 PM Reply Like
  • Husker Bob
    , contributor
    Comments (591) | Send Message
     
    It's all about the tanker rates. Rates overall have been poor for several years. Don't really see anything that will change that, but hope springs eternal.
    12 May 2014, 01:35 PM Reply Like
  • MattZN2
    , contributor
    Comments (940) | Send Message
     
    What, positive earnings for once? But this is for Q1 which is past-tense. We already knew that Q1 was strong. Spot rates are hell right now, though, so expect a lot of stock price volatility for Q2.

     

    -Matt
    12 May 2014, 02:43 PM Reply Like
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