Switch to:
Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.19
NYSE:NAT's Cash-to-Debt is ranked higher than
50% of the 806 Companies
in the Global Shipping & Ports industry.

( Industry Median: 0.34 vs. NYSE:NAT: 0.19 )
Ranked among companies with meaningful Cash-to-Debt only.
NYSE:NAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01  Med: 0.12 Max: No Debt
Current: 0.19
Equity-to-Asset 0.65
NYSE:NAT's Equity-to-Asset is ranked higher than
82% of the 807 Companies
in the Global Shipping & Ports industry.

( Industry Median: 0.45 vs. NYSE:NAT: 0.65 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:NAT' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.65  Med: 0.78 Max: 0.99
Current: 0.65
0.65
0.99
Interest Coverage 9.24
NYSE:NAT's Interest Coverage is ranked lower than
55% of the 669 Companies
in the Global Shipping & Ports industry.

( Industry Median: 9.54 vs. NYSE:NAT: 9.24 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:NAT' s Interest Coverage Range Over the Past 10 Years
Min: 0.39  Med: 5.78 Max: 35.76
Current: 9.24
0.39
35.76
Piotroski F-Score: 4
Altman Z-Score: 1.39
Beneish M-Score: -1.97
WACC vs ROIC
4.40%
4.58%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 10.48
NYSE:NAT's Operating Margin % is ranked higher than
80% of the 801 Companies
in the Global Shipping & Ports industry.

( Industry Median: 5.72 vs. NYSE:NAT: 10.48 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:NAT' s Operating Margin % Range Over the Past 10 Years
Min: -75.13  Med: 1.28 Max: 53.2
Current: 10.48
-75.13
53.2
Net Margin % -0.70
NYSE:NAT's Net Margin % is ranked higher than
80% of the 809 Companies
in the Global Shipping & Ports industry.

( Industry Median: 3.66 vs. NYSE:NAT: -0.70 )
Ranked among companies with meaningful Net Margin % only.
NYSE:NAT' s Net Margin % Range Over the Past 10 Years
Min: -76.27  Med: -0.95 Max: 52.12
Current: -0.7
-76.27
52.12
ROE % -0.41
NYSE:NAT's ROE % is ranked higher than
53% of the 798 Companies
in the Global Shipping & Ports industry.

( Industry Median: 6.25 vs. NYSE:NAT: -0.41 )
Ranked among companies with meaningful ROE % only.
NYSE:NAT' s ROE % Range Over the Past 10 Years
Min: -12.67  Med: -0.3 Max: 16.27
Current: -0.41
-12.67
16.27
ROA % -0.28
NYSE:NAT's ROA % is ranked higher than
71% of the 818 Companies
in the Global Shipping & Ports industry.

( Industry Median: 2.77 vs. NYSE:NAT: -0.28 )
Ranked among companies with meaningful ROA % only.
NYSE:NAT' s ROA % Range Over the Past 10 Years
Min: -9.49  Med: -0.21 Max: 14.69
Current: -0.28
-9.49
14.69
ROC (Joel Greenblatt) % 4.86
NYSE:NAT's ROC (Joel Greenblatt) % is ranked lower than
56% of the 803 Companies
in the Global Shipping & Ports industry.

( Industry Median: 9.14 vs. NYSE:NAT: 4.86 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NYSE:NAT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.72  Med: 0.23 Max: 16.04
Current: 4.86
-9.72
16.04
3-Year Revenue Growth Rate 0.50
NYSE:NAT's 3-Year Revenue Growth Rate is ranked higher than
95% of the 689 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.60 vs. NYSE:NAT: 0.50 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NYSE:NAT' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -33.9  Med: 8 Max: 103.5
Current: 0.5
-33.9
103.5
3-Year EPS without NRI Growth Rate -68.80
NYSE:NAT's 3-Year EPS without NRI Growth Rate is ranked lower than
99.99% of the 530 Companies
in the Global Shipping & Ports industry.

( Industry Median: 6.50 vs. NYSE:NAT: -68.80 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NYSE:NAT' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -78.8  Med: 6.1 Max: 334.4
Current: -68.8
-78.8
334.4
GuruFocus has detected 1 Warning Sign with Nordic American Tankers Ltd $NYSE:NAT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:NAT's 30-Y Financials

Financials (Next Earnings Date: 2017-08-08 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

NAT Guru Trades in Q2 2016

Joel Greenblatt 288,839 sh (New)
Paul Tudor Jones Sold Out
» More
Q3 2016

NAT Guru Trades in Q3 2016

Paul Tudor Jones 153,543 sh (New)
Steven Cohen 300,000 sh (unchged)
Joel Greenblatt Sold Out
» More
Q4 2016

NAT Guru Trades in Q4 2016

Paul Tudor Jones Sold Out
» More
Q1 2017

NAT Guru Trades in Q1 2017

Arnold Van Den Berg 1,020,280 sh (New)
» More
» Details

Insider Trades

Latest Guru Trades with NYSE:NAT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

No Entry found in the selected group of Gurus. You can
  • 1. Modify your Personalized List of Gurus, or
  • 2. Click on Premium Premium Tools above to check out all the Gurus, or
  • 3. Click on Premium Plus Premium Plus above for the stocks picks of all the institutional investment advisors (>4000)
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Business Description

Industry: Transportation & Logistics » Shipping & Ports    NAICS: 488390    SIC: 4499
Compare:NYSE:INSW, OTCPK:TRMSF, NYSE:SSW, NYSE:HMLP, OTCPK:BWLLY, OTCPK:CHDGF, NYSE:STNG, NAS:SBLK, NYSE:DLNG, NYSE:TOO, NAS:GOGL, NYSE:SALT, NYSE:LPG, NYSE:NVGS, NYSE:DSX, NYSE:KNOP, NAS:CPLP, NYSE:DHT, NYSE:GNRT, OTCPK:AGMJF » details
Traded in other countries:B3O.Germany,
Headquarter Location:Bermuda
Nordic American Tankers Ltd formerly Nordic American Tanker Shipping Limited is an international tanker company that owns double-hull Suezmax tankers.

Based in Bermuda, Nordic American Tanker Shipping owns and operates 13 medium-size double-hull tankers, with three more ships scheduled for delivery between July 2009 and April 2010. The company formed in 1997, renting three ships on a multiyear contract and became an operating company in 2004. Nordic then began purchasing secondhand vessels to operate on the short-term spot market. Nordic's fleet serves routes worldwide and is managed by Scandic American Shipping.

Top Ranked Articles about Nordic American Tankers Ltd

Nordic American Tankers Limited - (NYSE: NAT) - Newbuilding Suezmax tanker delivered to Nordic American, increasing the fleet to 33 vessels. Expansion is important for NAT.

Hamilton, Bermuda, February 28, 2017 Nordic American Tankers Limited announced that it yesterday took delivery of Nordic Space, its second Suezmax newbuilding tanker of 158,000 deadweight tons, built at Sungdong Shipbuilding & Marine Engineering Co., Ltd., South Korea. The Nordic Space has started on her maiden voyage. Through disciplined financial management and a well-defined operating model, NAT now has a fleet of 33 Suezmax vessels, including three newbuildings to be delivered during the second half of 2018. Expansion of the fleet is important for NAT in order to increase earnings and dividend capacity. 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-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "will," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties.  Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.  We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC's petroleum production levels and world wide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K. Contacts:   Jan H. A. Moller,
Head of Investor Relations & Financial Manager
Nordic American Tankers Limited
Tel: 1 888 755 8391 or 47 90 11 53 75

Gary J. Wolfe
Seward & Kissel LLP
New York, NY, USA
Tel: 1 212 574 1223 Turid M. Sørensen, CFO & EVP
Nordic American Tankers Limited
Tel: 47 33 42 73 00 or 47 90 57 29 27

Herbjørn Hansson, Chairman & CEO
Nordic American Tankers Limited
Tel: 1 866 805 9504 or 47 90 14 62 91 Rolf Amundsen, Advisor
Nordic American Tankers Limited
Tel: 1 800 601 9079 or 47 90 82 69 06

Web-site:  www.nat.bm Attachments: http://www.globenewswire.com/NewsRoom/AttachmentNg/7bc77d91-55b9-4545-a088-79d4bc1dbbd3


Read more...
Nordic American Tankers Limited (NYSE:NAT) - the Chairman & CEO and his family increase its holding in NAT

Hamilton, Bermuda, February 27, 2017 A company owned by the NAT Chairman & CEO, Herbjorn Hansson and his son, Alexander, bought 75,000 NAT shares last week, adding to the position as one of the largest shareholders of NAT. The share price was $7.96 per share. 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-looking statements in order to encourage companies to provide prospective information about their business.  Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties.  Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.  We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC's petroleum production levels and world wide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hire, failure on the part of a seller to complete a sale to us and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our Reports on Form 6-K. Contacts:
Herbjørn Hansson, Chairman & CEO
Nordic American Tankers Limited
Tel: 1 866 805 9504 or 47 90 14 62 91 Attachments: http://www.globenewswire.com/NewsRoom/AttachmentNg/156dc6d7-a5f2-4b93-8cdb-1b5750b8a0f4


Read more...
Nordic American Tankers Limited (NYSE:NAT) - A note about responsibilities from Herbjorn Hansson

Hamilton, Bermuda, February 21, 2017 A NOTE ABOUT RESPONSIBILITIES FROM HERBJORN HANSSON Headquartered in Bermuda, NAT is an international crude oil tanker company founded and run by the undersigned as Chairman and CEO.  Listed on NYSE, we have offices and representatives in several other countries as well. Our office in Sandefjord, Norway, deals with corporate management, including communication with the NAT board, IR matters, quality assurance, cost control, accounting, macroeconomics and any issues related to US capital markets.  Turid M. Sørensen (Ms) is the CFO & NAT Executive Vice President, focusing on the cost side of the business and on the responsibilities of the Sandefjord office as outlined above. Erik Tomstad is head of NAT chartering, focusing on employment of our 33 vessel suezmax fleet.  He is NAT Executive Vice President - Chartering.  Together with colleagues, he works out of our office in Oslo.  Erik is responsible for the details of day-to-day chartering, and along with myself deals with the sale and purchase of vessels. Some special matters are handled directly by me. Risk management and strategy are important parts of my work, as are geopolitical matters involving countries such as Sudan, Iran, Libya and Russia.  Also under my purview are safety and environmental issues and relationships with customers, including major oil companies such as ExxonMobil, Shell, BP, Indian interests, Chevron, Unipec and others. Both Turid and Erik report to me and are on the same organizational line. My colleagues on the NAT board and I are very pleased with the quality of their work and their respective groups. The competence of NAT is further strengthened by our four part time advisors who have a wealth of managerial expertise in the field of international business above all related to oil, energy, economics and maritime affairs. Herbjørn Hansson
Nordic American Tankers Limited
Chairman & CEO 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-looking statements in order to encourage companies to provide prospective information about their business.  Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties.  Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.  We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC's petroleum production levels and world wide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hire, failure on the part of a seller to complete a sale to us and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our Reports on Form 6-K. Contacts:
Herbjørn Hansson, Chairman & CEO
Nordic American Tankers Limited
Tel: 1 866 805 9504 or 47 90 14 62 91 Attachments: http://www.globenewswire.com/NewsRoom/AttachmentNg/57594261-72ab-488d-9145-9d1e55ee4d2f


Read more...
Nordic American Tankers' 4Q2016 Report (NYSE:NAT) - NAT performed very well during 4Q2016 and so far is doing even better in 1Q2017, Cash dividend declared for the 78th time since the autumn of 1997.

Link to the complete 4th Quarter 2016 report: http://hugin.info/201/R/2076096/780706.pdf Hamilton, Bermuda, February 6, 2017 2016 was a very good year for NAT in a volatile tanker market. The results for the fourth quarter (TCE $21,600) came out solidly higher than the third quarter (TCE $16,700). So far, 2017 has started at levels (TCE $25,000) well above the fourth quarter. We are now reaping the benefits of increasing our fleet over the last few years. A key part of our business model is our relentless focus on efficiency and operating costs. It is also a priority to have a low leverage. NAT has the best Total Return[1] for our shareholders. Our annual Total Return (profitability) since 1997 is about 10% p.a. In the same period, the NAT dividend yield is about 11%. Risk management is important for a company in order to be successful in both a strong and a weak market. In addition to paying a quarterly dividend, we wish to continue building a cash position in order to keep the low debt level when we grow our fleet. The success of the placement of $120m in the autumn of 2016 was due to our proven business model.
The capital we raised strengthened our company by allowing NAT to enter into agreements with Samsung Heavy Industries Co. Ltd., for the construction of three Suezmax tankers of about 157,000 deadweight tons to be delivered during the second half of 2018. The newbuildings are expected to be financed mostly with proceeds from the offering, cash from operations and with debt. Growth of a homogenous Suezmax fleet is a key success factor for NAT. The three additional newbuildings will increase the fleet by 10%, enlarging dividend and earnings capacity. We are engaged in transportation of crude oil. NAT has no investments in the dry cargo or container sectors that are facing challenges. We consider our close dialogue with big oil in the West and in the East as important undertakings. Our services are strongly related to safety for our crew, the environment and our assets. NAT has a cash break-even rate below $11,000 per day per ship, including financial charges and G&A costs. The operating expenses for our vessels are low; about $8,400 per vessel per day. Operating expenses for all of our vessels are more or less the same. This is above all a result of strict maintenance procedures and a homogenous fleet. The drydocking costs for those of our vessels that are more than 15 years are on average less than $2.0m per vessel which is at the same level as the rest of our fleet. As expressed earlier, shipbuilding technology for crude oil tankers has not changed much over the last 20 years. Whether a ship has been around five years or fifteen years or longer does not matter as long as they are well maintained. In the tanker sector, the NAT stock has significant liquidity, allowing investors to buy and sell shares whenever they wish. In 4Q2016 about 2m shares on average were traded daily with an average daily trading value of around $18m per day. The average volume for 2016 for NAT was about 1.7m shares per day. On January 23, 2017, NAT declared a cash dividend of $0.20 per share for 4Q2016, payable to shareholders of record as of February 10, 2017. Payment of the dividend is expected to be on or about February 24, 2017.  Some observations: NAT has paid quarterly dividends 78 times of $48.11 per share during the period since 1997.
  Some observers in the industry do not understand that Net Asset Value (NAV), or the steel value of a vessel, is irrelevant when valuing NAT as a going concern.
  Together with our shareholders, our customers are the most important constituency in the Nordic American sphere.
  The recent equity offering of $120m was for expansion beyond the present 30 vessel fleet. In October 2016, NAT announced agreements with Samsung to build three Suezmax newbuildings for delivery in 2018. Including these three newbuildings, we expect that the NAT fleet will consist of minimum 33 vessels. The delivery of our newbuilding MT Nordic Space is expected to take place at the end of February this year.
  The quality of the NAT fleet is at the top as evidenced by our vetting statistics, that is, inspections of our ships by clients. In such vetting processes safety for our crew, the environment and our assets are in focus.
  Generally, a low oil price is positive for the tanker market as it is stimulating the world economy.
  Adjusted Net Operating Earnings[2] (cash surplus) has been as follows: $28.2m for 4Q2016, $21.7m for 3Q2016 and $57.2m for 4Q2015.
  NAT has a credit facility of $500m, maturing in December 2020.
  A homogenous fleet reduces our cash operating costs, which helps to keep our cash break-even rate below $11,000 per day per vessel, including financial charges and G&A costs.                For further accounting information, please see below. Our Annual Report 2015 on Form 20-F contains a large amount of information about NAT. This report was filed with the SEC March 23, 2016 and can be found on our web site www.nat.bm. Financial Information The Company declared a cash dividend of $0.20 on January 23, 2017, which is expected to be paid on or about February 24, 2017 to shareholders of record as of February 10, 2017. The number of NAT shares outstanding at the time of this report is 101,969,666. In 3Q2016, the dividend was $0.26 per share, including about $0.05 per share created by the one-time settlement with Gulf Navigation. Earnings per share (EPS) in 4Q2016 were -$0.02. In 3Q2016 and 4Q2015 the EPS were -$0.08 and $0.34, respectively. EPS does not take account of financial risk. The Company's Adjusted Net Operating Earnings in 4Q2016 was $28.2m. In 3Q2016 and 4Q2015 Adjusted Net Operating Earnings was $21.7m and $57.2m, respectively. For the whole fleet, we had a total of 180 days offhire during the quarter, of which 159 days were planned offhire.  The average time at the yard during drydocking of our four vessels was on average about 14 days. The offhire statistics are evidently reflecting the high quality of our fleet. NAT continues to maintain a strong balance sheet with low net debt and is focusing on keeping a low financial risk. At the end of 4Q2016, the Company had net debt of about  $305m or about $10.5m per vessel. The table on the right shows our Adjusted Net Operating Earnings, stock liquidity and dividend over the last eight quarters. Liquidity in our stock is high compared with other tanker companies. For further information on our financial position for 4Q2016, 3Q2016 and 4Q2015, please see later in this release. Link to the graph: http://hugin.info/201/R/2076096/780706.pdf The Fleet The Company will have a fleet of 30 trading vessels in early 2017.  By way of comparison, in the autumn of 2004, the Company had three vessels. NAT is focused on maintaining top technical quality of the fleet. Our operational performance remains at the forefront of the industry. 4Q2016 inspections had an average of 2.3 observations which we consider an excellent result. NAT's performance can be considered industry best practice. World Economy and the Tanker Market The development of the world economy affects the tanker industry. A low oil price is stimulating the world economy which is positive for the tanker market. The drybulk and container sectors are weak. Therefore, some owners are unable to expand into the crude tanker sector, which is currently strong. The yard industry is struggling with low orders over the last years. For NAT, a strong balance sheet and access to financing are competitive advantages. The Suezmax fleet (excl. shuttle tankers) counts 475 vessels at the end of 4Q2016, following an increase of 27 vessels in 2016. During the years 2014 and 2015, a number of orders were placed with shipyards. In 2016 twelve new ships were ordered at the shipyards including three from NAT. The current orderbook of crude tankers stands at 80 vessels from now to the end of 2018. This represents about 16% of the Suezmax fleet. Slippage and cancellations may take place, thereby reducing the orderbook. In 2016, it was a fleet growth of 6.0% with no scrapping of vessels. The graph to the below shows the average yearly spot rates since 2000 as reported by Clarksons Platou. The rates are an indication of the level of the market and its direction. Link to the graph: http://hugin.info/201/R/2076096/780706.pdf The supply of tanker tonnage is inelastic in the short term. When there are too many ships, rates tend to go down. When there is scarcity of ships, rates tend to go up. Corporate Governance/Conflict of Interests  It is vital for NAT to ensure that there is no conflict of interests among shareholders, management, affiliates and related parties.  Interests must be aligned.  From time to time in the shipping industry, we see that questionable transactions take place which are not in harmony with sound corporate governance principles, both as to transparency and related party aspects. Strategy going forward Our objective is to have a strategy that is flexible and has benefits in both a strong tanker market and a weak one.  In an improved market, higher earnings and dividends can be expected. The Company is in a position to reap the benefits of strong markets. Our dividend policy will continue to enable us to achieve a competitive cash yield. NAT is firmly committed to protecting its underlying earnings and dividend potential. We shall endeavor to safeguard and further strengthen this position in a deliberate, predictable and transparent way. Going forward we believe the recent acquisitions of vessels will increase NAT's Total Return. ***** Link to the graph: http://hugin.info/201/R/2076096/780706.pdf 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-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "will," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties.  Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.  We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC's petroleum production levels and world wide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K. Contacts:   Jan H. A. Moller,
Head of Investor Relations & Financial Manager
Nordic American Tankers Limited
Tel: 1 888 755 8391 or 47 90 11 53 75

  Rolf Amundsen, Advisor
Nordic American Tankers Limited
Tel: 1 800 601 9079 or 47 908 26 906 Turid M. Sørensen, CFO & EVP
Nordic American Tankers Limited
Tel: 47 33 42 73 00 or 47 90 57 29 27

  Herbjørn Hansson, Chairman & CEO
Nordic American Tankers Limited
Tel: 1 866 805 9504 or 47 90 14 62 91 Gary J. Wolfe
Seward & Kissel LLP
New York, USA
Tel: 1 212 574 1223

 

Web-site:  www.nat.bm    


[1] Total Return is defined as stock price plus dividends, assuming dividends are reinvested in the stock. [2] Adjusted Net Operating Earnings is an important dimension in the shipping industry, but it is a non-GAAP measure. Please see later in this announcement for a reconciliation of Adjusted Net Operating Earnings to Net Operating Earnings (Loss).
Attachments: http://www.globenewswire.com/NewsRoom/AttachmentNg/779a87aa-1472-493c-8bd1-d80d04e62c04


Read more...
Nordic American Tankers Limited (NYSE:NAT) - Telephone Conference for Shareholders, Investors and Analysts - February 7, at 8 am US Eastern time.

Hamilton, Bermuda, February 2, 2017 As previously communicated, a conference call will be held at 8:00 a.m. U.S. Eastern Time on Tuesday February 7, 2017. In order to attend the conference call you may do one of the following: a. Conference Call PARTICIPANTS DIAL IN TELEPHONE NUMBERS UK 44(0)20 3427 1903 UK toll free 0800 279 4992 USA 1 646 254 3366 USA toll free 1 877 280 2296 Norway 472316 2787 Norway toll free  800 56 053 Passcode 2750565 b. Via Internet Go to our web site www.nat.bm and follow the link.  Participants will be asked for their full name & Conference ID.  A Q&A session will be held after the teleconference.   Contacts: Jan H.A Moller,
Head of Investor Relations & Financial Manager
Nordic American Tankers Limited
Tel: 1 888 755 8391 or 47 90 11 53 75 Attachments: http://www.globenewswire.com/NewsRoom/AttachmentNg/5178307a-bb8f-4290-bee4-4ed32a19fa78


Read more...
Nordic American Tankers Limited (NYSE:NAT) - Telephone Conference for Shareholders, Investors and Analysts – February 7 at 8:00am US EST. Strong markets for the large NAT fleet.
Nordic American Tankers Limited (NAT) will host a telephone conference Tuesday February 7, 2017 at 08:00 am US Eastern time. The 4Q2016 dividend and earnings report will be published before NYSE opens February 6, 2017.
3Q2016 produced $16,700 day/ship timecharter equivalent (TCE) and 4Q2016 $21,600 - up 29%.So far in 1Q2017, the result for NAT is strong with a TCE well above $25,000 after close to 50% of the available income days in 1Q2017 have been covered. At the end of February 2017, NAT will have 30 vessels on the water.Dial-in details will be provided next week.CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSMatters discussed in this press release may constitute forward-looking statements.  The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business.  Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties.  Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.  We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC’s petroleum production levels and world wide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hire, failure on the part of a seller to complete a sale to us and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our Reports on Form 6-K.Contacts: Jan H. A. Moller,
Head of Investor Relations & Financial Manager
Nordic American Tankers Limited
Tel: 1 888 755 8391 or 47 90 11 53 75
Gary J. Wolfe
Seward & Kissel LLP
New York, USA
Tel: 1 212 574 1223  Turid M. Sørensen, CFO & EVP
Nordic American Tankers Limited
Tel: 47 33 42 73 00 or 47 90 57 29 27
Herbjørn Hansson, Chairman & CEO
Nordic American Tankers Limited
Tel: 1 866 805 9504 or 47 90 14 62 91  Rolf Amundsen, Advisor
Nordic American Tankers Limited
Tel: 1 800 601 9079 or 47 90 82 69 06Web-site:  www.nat.bmPress release PDF: http://hugin.info/201/R/2073974/779659.pdf


Read more...
Nordic American Tankers Limited (NYSE:NAT) – Declaration of Dividend for the 78th consecutive quarter since the autumn of 1997.

The Board of Nordic American Tankers Limited has declared a cash dividend of $0.20 per share for the fourth quarter of 2016, to shareholders of record February 10, 2017. The dividend is expected to be paid on or about February 24, 2017. The dividend takes into account NAT’s future cash outlays, including the purchase of three suezmax newbuilding tankers that NAT has agreed to acquire for delivery during the second half of 2018, increasing the NAT suezmax fleet to 33 vessels.
The 4Q2016 earnings report is expected to be released Monday February 6, 2017 before NYSE opening. 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-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "will," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties.  Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.  We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC's petroleum production levels and world wide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K. Contacts: Jan H. A. Moller,
Head of Investor Relations & Financial Manager
Nordic American Tankers Limited
Tel: 1 888 755 8391 or 47 90 11 53 75
Gary J. Wolfe
Seward & Kissel LLP
New York, USA
Tel: 1 212 574 1223  Turid M. Sørensen, CFO & EVP
Nordic American Tankers Limited
Tel: 47 33 42 73 00 or 47 90 57 29 27
Herbjørn Hansson, Chairman & CEO
Nordic American Tankers Limited
Tel: 1 866 805 9504 or 47 90 14 62 91  Rolf Amundsen, Advisor
Nordic American Tankers Limited
Tel: 1 800 601 9079 or 47 90 82 69 06 
Web-site:  www.nat.bm Press release PDF: http://hugin.info/201/R/2072800/779037.pdf


Read more...

Ratios

vs
industry
vs
history
Price-to-Owner-Earnings 22.61
NAT's Price-to-Owner-Earnings is ranked higher than
65% of the 323 Companies
in the Global Shipping & Ports industry.

( Industry Median: 17.32 vs. NAT: 22.61 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
NAT' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 4.34  Med: 16.69 Max: 413.05
Current: 22.61
4.34
413.05
PB Ratio 0.70
NAT's PB Ratio is ranked higher than
64% of the 791 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.22 vs. NAT: 0.70 )
Ranked among companies with meaningful PB Ratio only.
NAT' s PB Ratio Range Over the Past 10 Years
Min: 0.51  Med: 1.24 Max: 2.21
Current: 0.7
0.51
2.21
PS Ratio 2.06
NAT's PS Ratio is ranked lower than
68% of the 791 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.07 vs. NAT: 2.06 )
Ranked among companies with meaningful PS Ratio only.
NAT' s PS Ratio Range Over the Past 10 Years
Min: 1.65  Med: 5 Max: 11.85
Current: 2.06
1.65
11.85
Price-to-Operating-Cash-Flow 5.79
NAT's Price-to-Operating-Cash-Flow is ranked higher than
60% of the 471 Companies
in the Global Shipping & Ports industry.

( Industry Median: 7.78 vs. NAT: 5.79 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
NAT' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.32  Med: 8.72 Max: 352.04
Current: 5.79
1.32
352.04
EV-to-EBIT 18.80
NAT's EV-to-EBIT is ranked higher than
52% of the 871 Companies
in the Global Shipping & Ports industry.

( Industry Median: 14.84 vs. NAT: 18.80 )
Ranked among companies with meaningful EV-to-EBIT only.
NAT' s EV-to-EBIT Range Over the Past 10 Years
Min: -869.8  Med: 10.35 Max: 1446.7
Current: 18.8
-869.8
1446.7
EV-to-EBITDA 6.80
NAT's EV-to-EBITDA is ranked higher than
78% of the 928 Companies
in the Global Shipping & Ports industry.

( Industry Median: 10.34 vs. NAT: 6.80 )
Ranked among companies with meaningful EV-to-EBITDA only.
NAT' s EV-to-EBITDA Range Over the Past 10 Years
Min: -479.3  Med: 9.45 Max: 368.4
Current: 6.8
-479.3
368.4
Shiller PE Ratio 23.66
NAT's Shiller PE Ratio is ranked higher than
55% of the 212 Companies
in the Global Shipping & Ports industry.

( Industry Median: 22.18 vs. NAT: 23.66 )
Ranked among companies with meaningful Shiller PE Ratio only.
NAT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 4.46  Med: 11.13 Max: 38
Current: 23.66
4.46
38
Current Ratio 7.61
NAT's Current Ratio is ranked higher than
97% of the 774 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.19 vs. NAT: 7.61 )
Ranked among companies with meaningful Current Ratio only.
NAT' s Current Ratio Range Over the Past 10 Years
Min: 0.28  Med: 7.48 Max: 278.8
Current: 7.61
0.28
278.8
Quick Ratio 4.98
NAT's Quick Ratio is ranked higher than
97% of the 774 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.09 vs. NAT: 4.98 )
Ranked among companies with meaningful Quick Ratio only.
NAT' s Quick Ratio Range Over the Past 10 Years
Min: 0.28  Med: 5.24 Max: 278.8
Current: 4.98
0.28
278.8
Days Inventory 44.58
NAT's Days Inventory is ranked lower than
87% of the 633 Companies
in the Global Shipping & Ports industry.

( Industry Median: 10.84 vs. NAT: 44.58 )
Ranked among companies with meaningful Days Inventory only.
NAT' s Days Inventory Range Over the Past 10 Years
Min: 19.84  Med: 48.29 Max: 96.17
Current: 44.58
19.84
96.17
Days Sales Outstanding 12.35
NAT's Days Sales Outstanding is ranked higher than
84% of the 582 Companies
in the Global Shipping & Ports industry.

( Industry Median: 43.32 vs. NAT: 12.35 )
Ranked among companies with meaningful Days Sales Outstanding only.
NAT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.35  Med: 30.09 Max: 67.72
Current: 12.35
12.35
67.72
Days Payable 4.30
NAT's Days Payable is ranked lower than
93% of the 489 Companies
in the Global Shipping & Ports industry.

( Industry Median: 37.49 vs. NAT: 4.30 )
Ranked among companies with meaningful Days Payable only.
NAT' s Days Payable Range Over the Past 10 Years
Min: 4.3  Med: 16.02 Max: 82.83
Current: 4.3
4.3
82.83

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 15.24
NAT's Dividend Yield % is ranked higher than
98% of the 963 Companies
in the Global Shipping & Ports industry.

( Industry Median: 2.48 vs. NAT: 15.24 )
Ranked among companies with meaningful Dividend Yield % only.
NAT' s Dividend Yield % Range Over the Past 10 Years
Min: 4.87  Med: 9.59 Max: 21.31
Current: 15.24
4.87
21.31
3-Year Dividend Growth Rate 28.90
NAT's 3-Year Dividend Growth Rate is ranked lower than
55% of the 392 Companies
in the Global Shipping & Ports industry.

( Industry Median: 6.30 vs. NAT: 28.90 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
NAT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -37.8  Med: 4.4 Max: 104.3
Current: 28.9
-37.8
104.3
Forward Dividend Yield % 13.40
NAT's Forward Dividend Yield % is ranked higher than
97% of the 915 Companies
in the Global Shipping & Ports industry.

( Industry Median: 2.61 vs. NAT: 13.40 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 18.18
NAT's 5-Year Yield-on-Cost % is ranked higher than
82% of the 1059 Companies
in the Global Shipping & Ports industry.

( Industry Median: 3.35 vs. NAT: 18.18 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
NAT' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 5.81  Med: 11.43 Max: 25.43
Current: 18.18
5.81
25.43
3-Year Average Share Buyback Ratio -11.20
NAT's 3-Year Average Share Buyback Ratio is ranked lower than
83% of the 397 Companies
in the Global Shipping & Ports industry.

( Industry Median: -2.10 vs. NAT: -11.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
NAT' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -40.5  Med: -16.1 Max: 6.3
Current: -11.2
-40.5
6.3

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.71
NAT's Price-to-Tangible-Book is ranked higher than
64% of the 731 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.28 vs. NAT: 0.71 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
NAT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.57  Med: 1.24 Max: 2.3
Current: 0.71
0.57
2.3
Price-to-Intrinsic-Value-Projected-FCF 0.36
NAT's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
52% of the 356 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.28 vs. NAT: 0.36 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
NAT' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.36  Med: 1.94 Max: 3.48
Current: 0.36
0.36
3.48
Price-to-Median-PS-Value 0.41
NAT's Price-to-Median-PS-Value is ranked higher than
93% of the 684 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.08 vs. NAT: 0.41 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
NAT' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.41  Med: 1.06 Max: 8.09
Current: 0.41
0.41
8.09
Earnings Yield (Greenblatt) % 5.32
NAT's Earnings Yield (Greenblatt) % is ranked higher than
60% of the 1060 Companies
in the Global Shipping & Ports industry.

( Industry Median: 5.78 vs. NAT: 5.32 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
NAT' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.1  Med: 4.8 Max: 14
Current: 5.32
0.1
14

More Statistics

Revenue (TTM) (Mil) $516.8
EPS (TTM) $ -0.03
Beta0.58
Short Percentage of Float17.64%
52-Week Range $5.96 - 16.07
Shares Outstanding (Mil)101.97

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 209 282
EPS ($) -0.93 0.42
EPS without NRI ($) -0.93 0.42
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 0.72 0.83
» More Articles for NYSE:NAT

Headlines

Articles On GuruFocus.com
Press release from Nordic American Tankers (NYSE:NAT): Nordic American Offshore (NYSE:NAO) - Increas May 25 2017 
Press release from Nordic American Tankers (NYSE:NAT): Nordic American Offshore (NYSE:NAO) - Increas May 16 2017 
Press release from Nordic American Tankers (NYSE:NAT): Nordic American Offshore (NYSE:NAO) - Increas May 16 2017 
Press release from Nordic American Tankers (NYSE:NAT): Nordic American Offshore (NYSE:NAO) - Increas May 15 2017 
Press release from Nordic American Tankers (NYSE:NAT): Nordic American Offshore (NYSE:NAO) - Increas May 11 2017 
Press release from Nordic American Tankers (NYSE:NAT): Nordic American Offshore (NYSE:NAO) - Increas May 10 2017 
Press release from Nordic American Tankers (NYSE:NAT): Nordic American Offshore (NYSE:NAO) - Increas May 09 2017 
Nordic American Tankers (NYSE:NAT) - Repeat of Earlier Message of Today May 08 2017 
Nordic American Tankers' 1Q2017 Report (NYSE:NAT) - The Company is in a solid financial position wit May 08 2017 
Nordic American Tankers Limited (NYSE:NAT) - An Update May 04 2017 

More From Other Websites
ETFs with exposure to Nordic American Tankers Ltd. : May 26, 2017 May 26 2017
Analysts’ Recommendations for Crude Tankers in Week 20 May 25 2017
Press release from Nordic American Tankers (NYSE:NAT): Nordic American Offshore (NYSE:NAO) -... May 25 2017
3 Top Dividend Stocks in Shipping May 18 2017
Bunker Fuel Prices Rose in Week 19 May 16 2017
China’s Imports: 12.5% Higher in First 4 Months of 2017 May 15 2017
Jefferies Cut Nordic American Tankers’ Target Price May 15 2017
Analyzing Nordic American Tankers’ Dividends May 15 2017
Nordic American Tankers: Insights on the Industry’s Orderbook May 12 2017
Key Highlights from Nordic American Tankers’ 1Q17 Results May 12 2017
Nordic American Tankers Stock Fell to a 52-Week Low May 12 2017
Nordic American Tankers Ltd. :NAT-US: Earnings Analysis: Q1, 2017 By the Numbers : May 10, 2017 May 10 2017

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)