Why Nordic American Tankers Stock Surged 17% This Morning [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
Why Nordic American Tankers Stock Surged 17% This Morning Tanker dayrates hit $26,025 -- still below the average for the last 25 years. Editor's note: A previous version of this article misnamed the company. Shares of oil tanker operator Nordic American Tankers ( NYSE:NAT ) surged nearly 17% in early trading Wednesday before falling back to close the day up a still-respectable 9.1%. The reason: a positive earnings report. After close of trading Tuesday, Nordic American Tankers reported earnings of $0.04 per share on sales of $53.6 million -- results well ahead of the breakeven earnings and $49.8 million in sales that Wall Street had predicted. In what it called "a busy quarter" (in a good way), Nordic American Tankers confirmed that Q1 produced its "best result for NAT since 2Q2016." Time Charter Equivalent (TCE) rates for NAT's fleet of 23 Suezmax-size oil tankers surged 30% sequentially to $26,025 per day per ship, helping NAT to turn a profit in Q1 2019 -- versus losses booked
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News
- Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT sharesGlobeNewswire
- Nordic American Tankers: Bet On A Strong Suezmax Market For Dividend Seekers [Seeking Alpha]Seeking Alpha
- 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
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