Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 25 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. Nordic American Tankers Limited was incorporated in 1995 and is based in Hamilton, Bermuda.
IPO Year: 1995
Exchange: NYSE
Website: nat.bm
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/12/2024 | $4.00 | Buy → Hold | Jefferies |
| 9/6/2022 | $3.00 → $4.00 | Hold → Buy | Jefferies |
| 7/21/2022 | $3.00 | Hold | Jefferies |
| 4/27/2022 | $2.00 → $2.50 | Hold | Jefferies |
| 11/26/2021 | $2.75 → $2.25 | Hold | Jefferies |
| 11/24/2021 | $2.75 → $2.25 | Hold | Jefferies |
| 8/31/2021 | $6.00 → $5.00 | Buy | B. Riley Securities |
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
20-F - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
6-K - NORDIC AMERICAN TANKERS Ltd (0001000177) (Filer)
Monday, November 4, 2024 Dear Shareholders and Investors, We would note that we don't expect there will be a noticeable immediate impact on Nordic American Tankers irrespective of who is the winner/looser in the upcoming presidential election. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd.
Tuesday, October 22, 2024 Dear Shareholders and Investors, Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, Founder, Chairman & CEO, has today bought 50,000 shares in NAT at $3.4851 per share. Following these transactions, Monaco based Alexander Hansson privately owns 3,200,000 shares in NAT. As in the past, the Hansson family is
Thursday, October 17, 2024 Dear Shareholders and Investors, Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, Founder, Chairman & CEO, has today bought 50,000 shares in NAT at $3.59 per share. Following these transactions, Monaco based Alexander Hansson privately owns 3,150,000 shares in NAT. As in the past, the Hansson family is the largest private shareholder group in the company. For contacts, please see at
Tuesday, October 15, 2024 Dear Shareholders and Investors, NYSE listed Nordic American Tankers Ltd (NAT) is pleased to announce a five-year time charter contract with a major international energy company. The rate is in the mid-high 30's and the contract is expected to commence in November 2024. Sincerely, Herbjorn HanssonFounder, Chairman & CEO
Monday, September 23, 2024 Dear Shareholders and Investors, Please be informed that the date of the Annual General Meeting (AGM) in Nordic American Tankers Limited (NAT) has been set to November 21, 2024. The record date is September 16, 2024, for the determination of the NAT shareholders entitled to receive notice of and to vote at the AGM or any adjournment thereof. The Notice of the Meeting and the Proxy Statement will be available with the Securities and Exchan
Wednesday, September 11, 2024 Dear Shareholders and Investors, On September 2nd, 2024, we advised Shareholders and Investors that a Conference call would take place Thursday, September 12th. Conference Call timing: Date: Thursday September 12, 2024 Time: 8 AM US Eastern Standard Time (EST) / 2 PM Central European Time (CET) Webcast URL: To join via webcast click on the link below and follow the instructions: https://edge.media-server.com/mmc/p/ntj8raco Dial-In numbers: Dial in to the Conference using one of the numbers below, closest
Monday, September 2, 2024 Dear Shareholders and Investors, Thursday September 12, 2024, we will host an Investor Conference Call with the main objective of providing an update on Nordic American Tankers Ltd, including prospects going forward. Time: 8 AM US Eastern Standard Time (EST) / 2 PM Central European Time (CET) Dial-in details to be provided later. Sincerely, Herbjorn HanssonFounder, Chairman & CEO
Thursday, August 29, 2024 Dear Shareholders and Investors, Highlights: Ninety day periods offer a short-term snapshot of a company. However, it is more important to view the long-term picture. The direction of NAT is unquestionably upward, with further room to grow. For the second quarter of 2024, NAT produced a net profit of $21.6 million, which is a substantial improvement compared with the previous quarter (1Q24) with a net Profit of $15.1 million. The dividend for the se
Monday, August 5, 2024 Dear Shareholders and Investors, Over the last few days there has been a fall on the stock exchanges in several countries. This is to reiterate that Nordic American Tankers Limited is in a solid position for further growth and prosperity. We shall keep you updated. Please also see our homepage www.nat.bm
Tuesday, July 30, 2024 Dear Shareholders and Investors, Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, Founder, Chairman & CEO, has today bought 100,000 shares in NAT at $3.6241 per share. Following these transactions, Monaco based Alexander Hansson privately owns 3,100,000 shares in NAT. As in the past, the Hansson family is the largest private shareholder group in the company. For contacts, please see at the end of this communication. Sincerely,
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Nordic American Tankers Limited (NYSE:NAT) shares are trading lower after it reported the first-quarter FY24 net voyage revenue of $60.572 million, missed the consensus of $76.562 million. The company’s average time charter equivalent (TCE) for its fleet came in at $33,570 per day per ship in the quarter. NAT reported a net operating income of $23.063 million, compared to $54.676 million in the same quarter a year ago. Adjusted EBITDA stood at $37.056 million vs. $67.668 million a year ago. EPS for the quarter was $0.07, missing the consensus of $0.11. Nordic American Tankers’ operating cash flow totaled $37.589 million for the three months ended March 31. As of March-end, NAT
Jefferies analyst Omar Nokta maintains Nordic American Tankers (NYSE:NAT) with a Buy and lowers the price target from $5.5 to $5.
Nordic American Tankers (NYSE:NAT) reported quarterly earnings of $0.07 per share which missed the analyst consensus estimate of $0.11 by 36.36 percent. The company reported quarterly sales of $60.572 million which missed the analyst consensus estimate of $76.562 million by 20.89 percent. This is a 30.45 percent decrease over sales of $87.094 million the same period last year.
As of May 22, 2024, five stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. NextDecade Corporation (NASDAQ:NEXT) On May 20, Abu Dhabi Oil & Gas giant ADNOC announced it secur
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy . Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector. Nordic American Tankers Limited (NYSE:NAT) Dividend Yield: 12.21% Jefferies analyst Omar Nokta reiterated a Buy rating with a price target
Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, the NAT Founder, Chairman and CEO, has today bought 250,000 shares in NAT at $4.25 per share for a total sum of $1,062,500.Following these transactions, Monaco based Alexander Hansson privately owns 2,500,000 shares in NAT.As in the past, the Hansson family is the largest private shareholder group in the company. For contacts, please see at the end of this communication.Sincerely,Herbjorn HanssonFounder, Chairman & CEONordic American Tankers Ltd. www.nat.bm
Evercore ISI Group analyst Jonathan Chappell maintains Nordic American Tankers (NYSE:NAT) with a In-Line and lowers the price target from $5 to $4.5.
Jefferies analyst Omar Nokta reiterates Nordic American Tankers (NYSE:NAT) with a Buy and maintains $5.5 price target.
Wednesday, September 11, 2024 Dear Shareholders and Investors, On September 2nd, 2024, we advised Shareholders and Investors that a Conference call would take place Thursday, September 12th. Conference Call timing: Date: Thursday September 12, 2024 Time: 8 AM US Eastern Standard Time (EST) / 2 PM Central European Time (CET) Webcast URL: To join via webcast click on the link below and follow the instructions: https://edge.media-server.com/mmc/p/ntj8raco Dial-In numbers: Dial in to the Conference using one of the numbers below, closest
Monday, September 2, 2024 Dear Shareholders and Investors, Thursday September 12, 2024, we will host an Investor Conference Call with the main objective of providing an update on Nordic American Tankers Ltd, including prospects going forward. Time: 8 AM US Eastern Standard Time (EST) / 2 PM Central European Time (CET) Dial-in details to be provided later. Sincerely, Herbjorn HanssonFounder, Chairman & CEO
Thursday, August 29, 2024 Dear Shareholders and Investors, Highlights: Ninety day periods offer a short-term snapshot of a company. However, it is more important to view the long-term picture. The direction of NAT is unquestionably upward, with further room to grow. For the second quarter of 2024, NAT produced a net profit of $21.6 million, which is a substantial improvement compared with the previous quarter (1Q24) with a net Profit of $15.1 million. The dividend for the se
Wednesday, May 29, 2024 Dear Shareholders and Investors, Highlights: Ninety day periods offer a short-term snapshot of a company, but it is also important to view the long-term picture. The values of our assets have seen a significant increase over the past years. The direction of NAT is unquestionably upward, with further room to grow. The first quarter of 2024 continued at a strong pace with healthy earnings. The Net Profit for the first quarter of 2024 came in at $15.1 million which is similar to the previous quarter (4Q23) with a Net Profit of $17.5 million.For the first quarter of 2024 the dividend is 12 cents ($0.12) per share. This is our 107th consecutiv
Thursday, March 7, 2024 Dear Shareholders and Investors, We have recently concluded the following fixtures: Nordic Castor (2004) was fixed to a Far Eastern Major for a voyage from Arabian Gulf to Singapore. The TCE is USD 34,000 over 30 days.Nordic Space (2017) was fixed to a Major for a voyage from Europe to Singapore (routed via South Africa). The TCE is USD 70,000 over 51 days.Nordic Star (2016) was fixed to a Major for a voyage from South America to Europe. The TCE is USD 30,000 over 43 days.Nordic Luna (2004) was fixed to a Far E
Thursday, February 29, 2024 Dear Shareholders and Investors, Highlights: In 2023, the Net Voyage Revenue for Nordic American Tankers Ltd (NAT) totaled $262.2 million. This is a remarkable improvement from 2022, when Net Voyage Revenue was $168.8 million. Our performance produced a net profit of $98.7 million for 2023, more than six times the $15.1 million result for 2022. Maximizing dividends is a key goal and higher earnings result in higher dividends. The dividend for the fourth quarter of 2023 will be 12 cents ($0.12) per share, up from 6 cents in the
Wednesday, November 29, 2023 Dear Shareholders and Investors, Highlights: For decades, the experience is that uncertain times create demand for our ships. We see that there is a scarcity of tankers. The NAT fleet is busy supplying energy to many parts of the world. NAT has not loaded Russian oil for several years. Our main customers, the major oil companies know that our ships are first class and they know they can always rely on Nordic American.Inflation in the US came in at 3.2% in October, down from 9.1% a little more
Wednesday, October 25, 2023 Dear Shareholders and Investors, NAT is in an excellent position. Our most recent fixtures, all to major oil companies, are in the range of $40,000 to $70,000 per day. The NAT operating costs are about $9,000 per day per ship. We call ourselves a "Dividend Company". All our actions have a main goal: To maximize dividend. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Matte
Thursday October 19, 2023 Dear Shareholders and investors, NAT is pleased to announce that today we entered into a purchase agreement for a suezmax tanker. The vessel was built by a yard in South Korea and has been operated and well maintained by a top shipowner the last 6 to 7 years. The vessel is purchased on a charter free basis and we intend to finance the purchase with a sale leaseback financing – an arrangement that has worked very well for us in the past. This purchase will increase our fleet to 20 suezmaxes. The vessel will be included in our fleet within this quarter, entering a strong market
Monday, August 28, 2023 Dear Shareholders and Investors, Please see HIGHLIGHTS and the enclosed report for first half of 2023. Highlights: The net income for the first half of 2023 is in excess of $100 million higher than for the same period last year. The net income for the first six months of 2023 totaled $73.7 million compared to the net loss of -$30.9 million during the first six months of 2022. The directi
Thursday, November 16, 2023 Dear Shareholders and Investors, Nordic American Tankers Limited (NYSE:NAT) conducted its Annual General Meeting of Shareholders (the "Meeting") today, on November 16, 2023 in Monaco. We experienced a record turnout this year and all resolutions were approved and adopted at the Meeting: Election of Herbjorn Hansson, Jim Kelly, Alexander Hansson and Jenny Chu to serve as Directors of the Board.Approval of the appointment of KPMG as the Company's independent auditors. We are in
Thursday, November 17, 2022 Dear Shareholders and Investors, Nordic American Tankers Limited (the "Company") (NYSE:NAT) conducted its Annual General Meeting of Shareholders (the "Meeting") on November 17, 2022 in Monaco. The following resolutions were approved and adopted at the Meeting: Election of Herbjorn Hansson, Jim Kelly, Alexander Hansson and Jenny Chu to serve as Directors of the Board.Approval of the appointment of KMPG as the Company's independent auditors. Sincerely, Herbjorn HanssonFounder, Chai
Monday, July 19, 2021 Dear Shareholders and Investors, Nordic American Tankers Limited (the "Company") (NYSE:NAT) conducted its Annual General Meeting of Shareholders (the "Meeting") on July 19, 2021, in Monaco. The following resolutions were approved and adopted at the Meeting: Election of the four nominees to the Board of Directors. Approval of the appointment of KPMG AS as the Company's independent auditors. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.nat.bm CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS M
December 18, 2020. Nordic American Tankers Limited (the "Company") (NYSE: NAT) conducted its Annual General Meeting of Shareholders (the "Meeting") on December 18, 2020, in Monaco. The following resolutions were approved and adopted at the Meeting: Election of the five nominees to the Board of Directors.Approval of the appointment of KPMG AS as the Company's independent auditors. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looki
Jefferies downgraded Nordic American Tanker from Buy to Hold and set a new price target of $4.00
Jefferies upgraded Nordic American Tanker from Hold to Buy and set a new price target of $4.00 from $3.00 previously
Jefferies initiated coverage of Nordic American Tanker with a rating of Hold and set a new price target of $3.00
Jefferies resumed coverage of Nordic American Tanker with a rating of Hold and set a new price target of $2.50 from $2.00 previously
Jefferies reiterated coverage of Nordic American Tankers with a rating of Hold and set a new price target of $2.25 from $2.75 previously
Jefferies reiterated coverage of Nordic American Tankers with a rating of Hold and set a new price target of $2.25 from $2.75 previously
B. Riley Securities reiterated coverage of Nordic American Tankers with a rating of Buy and set a new price target of $5.00 from $6.00 previously
Evercore ISI Group upgraded Nordic American Tankers from Underperform to In-Line and set a new price target of $4.00 from $2.50 previously
Evercore ISI upgraded Nordic American Tanker from Underperform to In-line
H.C. Wainwright initiated coverage of Nordic American Tanker with a rating of Neutral and set a new price target of $3.75