Welcome to our dedicated page for Nordic American Tankers news (Ticker: NAT), a resource for investors and traders seeking the latest updates and insights on Nordic American Tankers stock.
Nordic American Tankers Ltd (NAT) operates a specialized fleet of double hull Suezmax crude oil tankers, serving the dynamic spot market with agile chartering strategies. This page provides centralized access to official press releases and objective news coverage impacting the company’s operational and financial trajectory.
Investors and industry observers will find timely updates on quarterly earnings, fleet expansions, charter rate trends, and regulatory developments. Our curated collection includes announcements regarding vessel acquisitions, partnership agreements, and operational milestones that shape NAT’s position in global energy logistics.
Key areas of coverage include analysis of spot market fluctuations, environmental compliance initiatives, and strategic responses to shifting crude oil demand. All content is rigorously sourced from primary company communications and reputable financial publications to ensure reliability.
Bookmark this page for streamlined tracking of NAT’s market movements and operational updates. Check regularly for new developments affecting one of the maritime sector’s most focused Suezmax operators.
On May 30, 2024, Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers (NAT) and son of founder Herbjorn Hansson, purchased 350,000 shares of NAT at $4.0029 per share, totaling approximately $1.4 million. This acquisition increases his private holdings to 3,000,000 shares, reinforcing the Hansson family's position as the largest private shareholders in the company.
This transaction highlights continued confidence in NAT's stock by its leadership. The company, listed on NYSE under the symbol NAT, may see investor interest due to this insider buying activity.
Nordic American Tankers (NYSE: NAT) reports a net profit of $15.1 million for Q1 2024, closely matching the $17.5 million from Q4 2023. The company declared a 12 cents per share dividend for the 107th consecutive quarter, payable on July 18, 2024, to shareholders on record as of June 28, 2024. The average Time Charter Equivalent (TCE) for spot vessels stood at $34,320 per day per ship, while the overall fleet TCE averaged $33,570 per day per ship, against a daily operating cost of $9,000 per ship. NAT boasts one of the lowest debt levels among publicly listed tanker companies, emphasizing strong demand and favorable market dynamics for its versatile suezmax fleet.
Nordic American Tankers (NAT) will release its 1Q 2024 earnings report on Wednesday, May 29, 2024, before the NYSE opens. Founder, Chairman, and CEO Herbjorn Hansson announced the date, urging shareholders and investors to be aware of this important update. Investors are likely to focus on key metrics such as earnings, revenue, EPS, and guidance from this report.
FAQ
What is the current stock price of Nordic American Tankers (NAT)?
What is the market cap of Nordic American Tankers (NAT)?
