Nordic American Tankers: When Double-Digit Dividend Yields Are Not Enough (Rating Downgrade) [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
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Source: Seeking Alpha
Play 10min Summary VLCC tankers offer better risk-reward due to lower order book and higher number of aging vessels compared to Suezmax. Nordic American Tankers has a solid balance sheet. The company's debt payments are well covered. NAT declared a quarterly dividend of $0.12/share. At the present stock price, the dividend yield is 11.9%. Despite NAT's attractive dividends, healthy financials, and PNAV below 100%, I now prefer ECO and DHT. Downgrade NAT to Hold due to better opportunities in the VLCC market. HeliRy Note: I previously covered Nordic American Tankers ( NYSE: NAT ) in April. I discussed company advantages like its Suezmax-only fleet, healthy balance sheet, and attractive dividends. At the time of publication, NAT traded at a 15% discount to its NAV and scored a 26% LTV. Since then, the price action has been disappointing. NAT's share price has moved between $3.5 and $4.1. To be frank, all tanker stocks have performed poorly for the last two quarters du
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News
- Retail investors account for 55% of Nordic American Tankers Limited's (NYSE:NAT) ownership, while institutions account for 41% [Yahoo! Finance]Yahoo! Finance
- Nordic American Tankers Limited (NYSE: NAT) had its price target lowered by analysts at Jefferies Financial Group Inc. from $4.00 to $3.50. They now have a "hold" rating on the stock.MarketBeat
- Nordic American Tankers Limited (NYSE: NAT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Nordic American Tankers Limited (NYSE: NAT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Nordic American Tankers Ltd (NYSE: NAT) – Result from US presidential election has no impact on NATGlobeNewswire
NAT
Earnings
- 8/30/24 - Beat
NAT
Sec Filings
- 10/31/24 - Form SC
- 9/30/24 - Form 6-K
- 9/23/24 - Form 6-K
- NAT's page on the SEC website