Seeking Alpha
 

Nordic American Tankers Limited (NAT)

- NYSE
  • Fri, Aug. 21, 6:59 AM
    • Nordic American Tanker (NYSE:NAT) CEO Herbjorn Hansson and his family increased their stake in the company with a purchase of 100K shares.
    • Shares of Nordic American Tankers are up 37% YTD, peaking at $17.45 in July.
    | Fri, Aug. 21, 6:59 AM | 4 Comments
  • Mon, Aug. 10, 6:16 AM
    • Nordic American Tankers (NYSE:NAT): Q2 EPS of $0.35 beats by $0.03.
    • Revenue of $73.46M (+224.8% Y/Y) beats by $6.55M.
    • Press Release
    | Mon, Aug. 10, 6:16 AM | Comment!
  • Sun, Aug. 9, 5:30 PM
  • Mon, Jul. 27, 7:03 AM
    • Nordic American Tankers (NYSE:NAT) announces the acquisition of two Suezmax tankers.
    • The total purchase price is $122M.
    • Delivery of the vessels is expected in September and October.
    | Mon, Jul. 27, 7:03 AM | 6 Comments
  • Tue, Jul. 21, 10:32 AM
    • The crash in oil prices is good for business for operators of the supertankers capable of hauling more than 2M barrels of crude around the world, such as Frontline (FRO +9.1%), Teekay Tankers (TNK +4.2%), Nordic American (NAT +2.6%), DHT Holdings (DHT +2.4%) and Euronav (EURN +1.5%), whose stocks have been moving up in recent weeks.
    • The oil market rout that started in 2014 is a boon that could allow the companies to reduce debt, invest in new vessels and reward shareholders that have stuck with them through some very lean years, FT reports.
    • Since the start of the year, the cost of hiring a VLCC has jumped more than 50%, with the rate for shipping oil from Saudi Arabia to Japan - the benchmark supertanker route - rising to $93.6K/day, a seven-year seasonal high.
    • The supply of supertankers also has fallen sharply since 2008.
    • Other related tickers: GLNG, GNRT, SFL, NAO, ASC, TOO, TK, TGP
    | Tue, Jul. 21, 10:32 AM | 29 Comments
  • Wed, Jul. 15, 6:06 AM
    • Nordic American Tankers (NYSE:NAT) declares $0.40/share quarterly dividend, 5.3% increase from prior dividend of $0.38.
    • Forward yield 10.09%
    • Payable Aug. 12; for shareholders of record July 29; ex-div July 27. (PR)
    | Wed, Jul. 15, 6:06 AM | 4 Comments
  • Fri, Jul. 10, 10:33 AM
    • Notable movers in the shipping sector include DryShips (DRYS +3.1%), Danaois (DAC +5.6%), and Paragon Shipping (PRGN +1.6%).
    • Some names in the volatile sector has been trading off of developments in Greece even with many of the Greece-based companies deriving nearly all their revenue outside the nation.
    • On a broader look, the Baltic Dry Index is +21 to 874. The breakdown shows the Cape index is 1279 with a spot price of 9612 vs. 11,149 a year ago, the Panamax index is 1052 with a spot price of  8380 vs. 5432 a year ago, and the Supramax index is 767 with a spot price of 8021 vs. 7099 a year ago.
    • The Baltic Tanker Clean Index is 837 vs. 521 a year ago and the Baltic Dirty Index is 857 vs. 786 a year ago.
    • The Guggenheim Shipping ETF (NYSEARCA:SEA) is +1.43% on the day and -4.12% YTD.
    • Related stocks: TNK, EURN, TGP, NMM, SSW, SFL, TK, SMM, TOO, GMLP, DHT, NM, MATX, NAT, FREE, DSX, SB, FRO.
    | Fri, Jul. 10, 10:33 AM | 12 Comments
  • Wed, Jun. 24, 8:53 AM
    • Nordic American Tanker (NYSE:NAT) CEO Herbjorn Hansson issues his mid-year letter to shareholders. A few key points from the company update are listed below.
    • "For the second quarter of 2015, we believe that NAT will achieve rates generally at the same level as in the first quarter of 2015. This should result in a strong dividend for 2Q2015 too, a dividend which will be announced in mid-July."
    • "We have retained some cash-flow in recent quarters, which will contribute to the financing of fleet expansion."
    • "We are resisting the temptation to make large fleet acquisitions."
    • NAT +0.5% premarket.
    | Wed, Jun. 24, 8:53 AM | 3 Comments
  • Thu, Jun. 18, 10:21 AM
    • Shipping stocks are active on a sustained jump in the Dry Baltic Index.
    • The index is up 6.5% on the day and has now rallied over 25% since late May.
    • Prices for the Cape, Panamax, and Supramax categories of vessels are all higher.
    • Stocks on the move include Diana Shipping (DSX +4.5%), Golden Ocean Group (GOGL +4.1%), DryShips (DRYS +2.5%), Frontline (FRO +1.9%), Navios Maritime Holdings (NM +2.2%), Star Bulk Carriers (SBLK +1.9%), Matson (MATX +2.1%), Euronav (EURN +1.4%), Navios Maritume Acquisition (NNA +2.6%), Nordic American Tankers (NAT +1.1%).
    | Thu, Jun. 18, 10:21 AM | 17 Comments
  • Thu, May 28, 11:15 AM
    • Despite crude oil’s rebound from six-year lows, the tanker market is sending a clear signal that the rally is under threat, according to a Bloomberg analysis.
    • A surge in demand for supertankers drove benchmark charter rates 57% higher in the two weeks through May 20; OPEC will have almost 500M barrels of oil in transit to buyers at the start of June, the most this year, while analysts say ~20M barrels is being stored on ships in another indication the supply glut has yet to dissipate.
    • Daily rates for supertankers on the industry’s benchmark route reached $83,412 on May 20, from $52,987 on May 6, according to the Baltic Exchange; while rates have since retreated to $65,784, they are still the highest for this time of year since at least 2008.
    • "There still seems to be a lot of physical activity, a lot of oil on the water," says the head of research at Hartland Shipping in London; while Q2 is usually quieter as refineries switch to summer fuels for the Northern Hemisphere, “the market is still busy and rates are incredibly high.”
    • Relevant tickers: FRO, TK, TNK, TOO, TGP, TNP, GLNG, STNG, NAT, DHT, EURN
    | Thu, May 28, 11:15 AM | 12 Comments
  • Fri, May 15, 2:59 PM
    • Rates for the world’s biggest oil tankers surged to the highest since January as shipments accelerated from Saudi Arabia and Iraq, Bloomberg reports.
    • Ships hauling 2M-barrel cargoes of Saudi crude to Japan, a benchmark route, earned ~$81.5K/day, a 13% gain from Thursday and the highest for the time of year since at least 2009.
    • Tanker rates rose on 15 out of 16 routes tracked by the Baltic Exchange, led by advances in prices from the Persian Gulf.
    • Relevant tickers: FRO, TK, TNK, TOO, TGP, TNP, GLNG, NAT, DHT
    | Fri, May 15, 2:59 PM | 27 Comments
  • Mon, May 11, 2:31 PM
    • Nordic American Tankers (NAT +4.0%) trades higher after beating estimates with its Q1 report.
    • The company notes tanker rates rose 54% Q/Q and 41% Y/Y to $37K per day per vessel/
    • Looking at the tanker market as a whole, Nordic American Tankers says reduced imports to the U.S. are being offset an increase in imports to the Far East.
    • Previously: Nordic American Tankers beats by $0.12, beats on revenue
    | Mon, May 11, 2:31 PM | 1 Comment
  • Mon, May 11, 6:48 AM
    • Nordic American Tankers (NYSE:NAT): Q1 EPS of $0.34 beats by $0.12.
    • Revenue of $69.56M (+54.5% Y/Y) beats by $2.27M.
    • Press Release
    | Mon, May 11, 6:48 AM | 2 Comments
  • Sat, May 9, 11:27 AM
    • The broadly-defined shipping sector continues to be volatile over the impact of oil price fluctuations and concerns over carrier/tanker supply along with charter rates.
    • The Baltic Dry Index stands at 574 vs. a 52-week trading range of 509 to 1,484.
    • The Guggenheim Shipping ETF (NYSEARCA:SEA) is down 9.4% over the last 52 weeks, although it trades with smoother peaks and troughs than the underlying stocks in the fund.
    • Analysts are convinced that some value picks exist in the sector, although consensus is tricky to find. A few rough screens are listed below (add your own in the comments).
    • Best YTD performance: Navios Maritime (NYSE:NAP) +37%, Scorpio Bulkers (NYSE:SALT) +35%, Tsakos Energy (NYSE:TNP) +31%, Golar LNG (NASDAQ:GLNG) +28%.
    • Lowest price-to book value: DryShips (NASDAQ:DRYS) 0.14,  Safe Bulkers (NASDAQ:SBLK) 0.32, Scorpio Bulkers 0.33, Navios Maritime Holdings (NYSE:NM) 0.34, GasLog (NYSE:GLOG) 0.39.
    • Lowest forward P/E ratio: Danaos (NYSE:DAC) 4.43, Tsakos Energy 7.15, Navios Maritime Acquisition (NYSE:NNA) 7.25, Dorian (NYSE:LPG) 7.43, Dry Ships 7.57.
    • Dividend yield: Navios Maritime Partners (NYSE:NMM) 15.2%, Capital Product Partners (NASDAQ:CPLP) 10.8%, Ship Finance International (NYSE:SFL) 10.8%, Teekay Offshore Partners (NYSE:TOO) 9.7%, Dynagas LNG Partners (NYSE:DLNG) 8.8%.
    • Other shipping stocks: PRGN, FRO, NAT, OSK, TNK, FREE, ESEA, TOPS, DSX, SHIP, NM.
    | Sat, May 9, 11:27 AM | 43 Comments
  • Tue, Apr. 14, 6:22 AM
    • Nordic American Tankers (NYSE:NAT) declares $0.38/share quarterly dividend, 72.7% increase from prior dividend of $0.22.
    • Forward yield 12.03%
    • Payable May 21; for shareholders of record May 7; ex-div May 5.
    | Tue, Apr. 14, 6:22 AM | 24 Comments
  • Thu, Mar. 19, 6:50 AM
    • Nordic American Tankers (NYSE:NAT) CEO Herbjorn Hanssen discloses in a letter to shareholders a purchase of 50K shares.
    • The exec paid $10.50 per share for the block.
    • Hanssen expects the company to make an announcement on a Q1 dividend in mid-April which will should be "significantly higher" than the payout in Q4 of 2014.
    | Thu, Mar. 19, 6:50 AM | 14 Comments
Visit Seeking Alpha's
NAT vs. ETF Alternatives
Company Description
Nordic American Tankers Ltd formerly Nordic American Tanker Shipping Limited is an international tanker company that owns 24 double-hull Suezmax tankers, two of which are newbuildings that average approximately 156,000 dwt each.
Sector: Services
Industry: Shipping
Country: United States