Nordic American Tankers Stock Price, News & Analysis

Nordic American Tankers Ltd (NAT) reported significant increases in share ownership among its Board members. Alexander Hansson acquired 150,000 shares, raising his total to 1,135,000 shares. Jim Kelly holds 210,000 shares, while Doug Penick, who joined the Board on July 19, 2021, owns 175,000 shares. The Hansson family remains the largest private shareholder with nearly 5 million shares. This active share purchasing reflects strong confidence from the Board in the company's future prospects.

Alexander Hansson, a board member of Nordic American Tankers Ltd (NAT) and son of the founder, has purchased 50,000 shares at $1.9898 each, increasing his stake to 1,135,000 shares. The Hansson family remains the largest private shareholder in NAT. Alexander expressed confidence in NAT's future prospects after the recent acquisitions, suggesting a positive outlook for the company and its stock. The recent transactions indicate potential insider confidence, which may positively influence investor sentiment.

Alexander Hansson, a Board member of Nordic American Tankers, purchased an additional 50,000 shares at $1.8833 each, increasing his total ownership to 1,085,000 shares. The Hansson family remains the largest private shareholder in the company. Alexander expressed optimism about NAT's future prospects. The announcement highlights the commitment of the Hansson family to the company's success, potentially strengthening investor confidence in NAT.

On November 29, 2021, Alexander Hansson, a board member of Nordic American Tankers, purchased 50,000 shares at $1.8833 each, increasing his total holdings to 1,085,000 shares. The Hansson family remains the largest private shareholder in the company. Alexander expressed optimism about NAT's prospects, reflecting confidence in its future performance.

This transaction signifies an ongoing commitment from key stakeholders, which may instill confidence among investors regarding the company's direction.

Nordic American Tankers announced that Alexander Hansson, a board member and son of the CEO, purchased 50,000 shares at $1.8564 each, raising his total ownership to 1,035,000 shares. The Hansson family remains the largest private shareholder in NAT. Alexander expressed confidence in acquiring shares during market volatility, suggesting that uncertain times are favorable for tankers. This strategic investment highlights the Hansson family's commitment and may reinforce investor confidence.

Nordic American Tankers Ltd (NAT) board member Alexander Hansson has purchased 50,000 shares at $1.8564 each, increasing his ownership to 1,035,000 shares. The Hansson family remains the largest private shareholder in the company. In light of current market uncertainties, Alexander remarked that these times present a good opportunity for share accumulation. This transaction highlights insider confidence in NAT’s potential amidst market fluctuations, reinforcing the company's stability and long-term outlook.

Nordic American Tankers (NAT) recently published its 3Q 2021 report, revealing a net loss of $44.7 million, or EPS of -$0.27. Despite a decline in average time charter equivalent (TCE) earnings to $5,800/day from $7,800 in 2Q 2021, the company has secured long-term contracts for four vessels at rates over $20,000/day. The company aims to reduce its $259.6 million net debt and announced a dividend of $0.01 per share, marking its 97th consecutive payment. Global oil demand is nearing pre-pandemic levels, potentially benefiting NAT's operations.

Nordic American Tankers Ltd (NAT) has rescheduled its reporting date from November 30, 2021, to November 24, 2021. This decision was made during a regular board meeting on November 23, 2021, and the announcement is aimed at keeping shareholders and investors informed. The report will be released prior to the opening of the NYSE. The company emphasizes that this press release may include forward-looking statements subject to various uncertainties and risk factors that could impact actual outcomes.

Nordic American Tankers (NAT) announces improved market conditions for its Suezmax vessels as of November 1, 2021. The company has secured contracts, including a lucrative year-long deal starting at $20,000 per day, with additional options for two more years at higher rates. NAT is projected to receive $4 million to $6 million in cash from the War Risk Association's capital return. Furthermore, the company is installing Ballast Water Treatment Systems to comply with international regulations. The Q3 2021 results are set to release on November 30, 2021.