Why Nordic American Tankers Rocketed Higher on Tuesday [The Motley Fool]
Nordic American Tankers Limited (NAT)
Last nordic american tankers limited earnings: 2/18 06:51 am
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nat.bm/investor-relations
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Source: The Motley Fool
What happenedShares ofNordic American Tankers(NYSE:NATSo whatOil is currently facing a dramatic supply/demand imbalance. The origins of the mismatch go back a decade or so, to the days when U.S. onshore oil drilling started picking up. More oil from the U.S. upended thenormal operation of the energy sectorImage source: Getty ImagesThen, earlier this year,OPEC and Russia ended up disagreeing over further supply cutsgotten together to work toward supply reductionsThat's because the global effort to slow the spread ofCOVID-9have already led to bankruptcies in the oil spaceHowever, all of the extra oil being pumped has to be put somewhere. The first place is normally land-based storage. But when that fills up, the ships that transport oil around the world get turned into giant floating storage tanks. That's exactly what's happening right now, and it pushes the prices for leasing these ships dramatically higher. It is a good time to own Suezmax ships, like the 0 or so in Nordic American Ta
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News
- Nordic American Tankers: Persistent Underperformance Offset By Generous Payouts - Hold [Seeking Alpha]Seeking Alpha
- Nordic American Tankers (NYSE:NAT) had its "hold" rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $3.50 price target on the stock.MarketBeat
- Nordic American Tankers: Q3 Earnings Snapshot [Yahoo! Finance]Yahoo! Finance
- Nordic American Tankers raises dividend by 86% to $0.13 [Seeking Alpha]Seeking Alpha
- Nordic American Tankers Ltd (NYSE: NAT) – Report as per September 30, 2025 – Increased dividend and solid prospectsGlobeNewswire
NAT
Earnings
- 5/30/25 - Beat
NAT
Sec Filings
- 11/28/25 - Form 6-K
- 11/24/25 - Form 6-K
- 9/30/25 - Form 6-K
- NAT's page on the SEC website