Nordic American Tankers: Bet On A Strong Suezmax Market For Dividend Seekers [Seeking Alpha]
Nordic American Tankers Limited (NAT)
Last nordic american tankers limited earnings: 2/18 06:51 am
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US:NYSE Investor Relations:
nat.bm/investor-relations
Company Research
Source: Seeking Alpha
FY23 NAT realized $262 million net voyage revenue, $127 million net operating income, and $98.7 million net income. The impressive results are due to improved TCE rates and stable OPEX. NAT has a 56% total debt-to-equity ratio and 38.8% total liabilities to total assets. The company has $31.1 million cash and $301 million total debt. The company trades at a 15% discount to its NAV and scores a 26% LTV. NAT pays dividends with attractive yields at 11.9% TTM and 12.4% FWD. NAT is still part of my portfolio. I have added more shares since my previous report. I give NAT a buy rating. Note: I previously cover ed Nordic American Tankers ( NYSE: NAT ) in February with a Buy rating. In my previous take on NAT, I pointed out the company's strengths: its Suezmax-only fleet and robust financials. I discussed the Red Sea crisis and its impact on crude oil tankers' tonne-mile demand. In today's analysis, I dissect the last earning report, update the valuation, and add market comments. M
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News
- Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT sharesGlobeNewswire
- Does Nordic American Tankers (NYSE:NAT) Deserve A Spot On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT shares [Yahoo! Finance]Yahoo! Finance
- Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT sharesGlobeNewswire
- Nordic American Tankers Ltd (NYSE: NAT) – A snapshot of the present market conditionsGlobeNewswire
NAT
Earnings
- 2/29/24 - Miss
NAT
Sec Filings
- 3/1/24 - Form 6-K
- 2/2/24 - Form SC
- NAT's page on the SEC website