NAT: Nordic American Tankers Limited Instablogs

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Thursday, April 25, 7:02 PM The U.S. oil boom is bad news for the business of hauling crude oil across the oceans, and isn't likely to pick up any time soon. It means a poor outlook at best for the stocks in the sector, Jefferies says, which projects Frontline (FRO) will lose $2.33/share this year in earnings and $2.09 next; North American Tankers (NAT) also is expected to lose money this year and next. 3 Comments [Energy]
Tuesday, April 16, 7:15 AM Nordic American Tankers (NAT) declares $0.16/share quarterly dividend, in line with previous. Forward yield 7.03%. For shareholders of record Apr. 30. Payable May 14. Ex-div date Apr. 25. (PR) Comment! [Dividends]
Tuesday, April 2, 12:14 PM Nordic American Tankers (NAT -10%) takes a dive after pricing its follow-on offering at $9.60 per share. Underwriters have the option to purchase 1.46M more shares over the next month. 1 Comment [On the Move]
Tuesday, April 2, 9:10 AM Premarket gainers: BGCP +47%. OMPI +14%. HUM +10%. NUAN +9%. URBN +6%.
Losers: NAT -12%. AFFY -7%. Comment! [On the Move]
Monday, April 1, 5:37 PM After-hours top gainers, as of 5:15 p.m.: BGCP +43%. HUM +9%. NUAN +6%. AMSC +6%. UNH +4%.
After-hours top losers: NAT -6%. ATLS -3%. CECO -3%. SCVL -3%. IMN -2%. 1 Comment [On the Move]
Monday, April 1, 5:10 PM Nordic American Tankers (NAT) -7% AH after announcing a public offering of $87M aggregate amount of common shares. Net proceeds from the offering are expected to be used to pay for acquisitions under NAT's expansion program, including the Nordic Future, and for general corporate purposes. 4 Comments [Energy, On the Move]
Monday, February 11, 11:31 AM Nordic American Tankers (NAT -0.2%) reports a Q4 net loss of $0.39/share vs. a consensus estimate for a net loss of $0.36, but says it may double its fleet within five years in a bet that rising Asian energy demand will snap a rout in rates. The combined hit of declining demand for crude and an oversupply of vessels sent average daily rates for NAT to $10.7K during Q4 vs. a break-even average of ~$12K. Comment! [Energy, Earnings]
Thursday, January 17, 8:35 AM Nordic American Tankers (NAT) -4.3% premarket after cutting its quarterly dividend to $0.16 from $0.30. NAT says it is is assessing fleet expansion plans including ordering of new vessels from shipyards or buying second-hand vessels at historically low prices, and the lower dividend should be seen in the context of the expansion. Comment! [Energy, On the Move]
Thursday, January 17, 7:12 AM Nordic American Tankers (NAT) declares $0.16/share quarterly dividend. For shareholders of record Jan. 30. Payable Feb. 13. Ex-div date Jan. 28. (PR) Comment! [Dividends]
Thursday, November 15, 2012, 9:23 AM Nordic American Tanker Shipping Ltd (NAT) declares $0.30/share quarterly dividend, in line with previous. Forward yield 14.55%. For shareholders of record Nov. 29. Payable Dec. 12. Ex-div Nov. 27. (PR) Comment! [Dividends]
Monday, October 22, 2012, 11:18 AM Nordic American Tanker (NAT -4.6%) dives following the refinancing of its credit facility through Autumn 2017 at a total of $430M. The company has today drawn about $250M of that. Also not helping the shares is the possible Chapter 11 filing by Overseas Shipbuilding Group. Comment! [Global & FX]
Friday, October 19, 2012, 9:12 AM Shipping stocks could see volatility after Deutsche Bank clips its rating on Genco Shipping. If history is any guide, when one sector name sneezes the rest catch a cold. On watch: DRYS, PRGN, EXM, FRO, OSG, NAT, OSK, TNK, TNP. 1 Comment [Consumer, On the Move]
Tuesday, September 18, 2012, 2:19 PM Nordic American Tanker (NAT -1.4%) acquires the remaining 50% shareholding interest in Orion Tanker Pool from Frontline (FRO -9.1%), effective January, 2013. Once the transaction closes, Orion will become a 100% subsidiary of NAT. FRO's nine suezmax vessels will leave Orion later this year after the shipper advised NAT that it wishes to be more flexible in the operation of its vessels. 8 Comments [M&A, On the Move]
Thursday, September 13, 2012, 9:59 AM Global Hunter says shipping is "still afloat in troubled waters," believing companies with low leverage, modern fleets and experienced management should outperform the sector over the long term. The firm initiates coverage with at Buy for Scorpio Tankers (STNG +0.2%) and Tsakos Energy (TNP +3%). Starting at Accumulate: SFL. Neutral: NNA, OSG. Reduce: NAT. Comment! [Energy, Quick Ideas, On the Move]
Tuesday, August 28, 2012, 8:58 AM Nordic American Tankers (NAT) warns of weaker Q3 results vs. Q2 due to continued challenges in the tanker business. NAT says it has been expanding its fleet while also aiming to lower vessel operating costs, such as installing fuel-saving equipment, but "fleet growth will virtually come to a standstill" by the end of next year. Comment! [Energy]
Tuesday, August 7, 2012, 6:10 AM Nordic American Tanker Shipping (NAT) declares $0.30/share quarterly dividend, in line with previous. Forward yield 10.28%. For shareholders of record Aug 17. Payable Aug 30. Ex-div date Aug 15. (PR) Comment! [Dividends]

NAT Nordic American Tankers Limited

NAT

Nordic American Tankers Limited