Nordic American Tankers Declares Quarterly Dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy NAT?
Source: seekingalpha
- Quarterly Dividend Announcement: Nordic American Tankers has declared a quarterly dividend of $0.17 per share, payable on March 24, with a record date of March 10 and an ex-dividend date also on March 10, demonstrating the company's commitment to shareholder returns.
- Financial Performance Overview: The latest earnings report reveals a GAAP EPS of $0.06 and revenue of $21.16 million, indicating that while performance fell short of expectations, the company maintains its dividend policy, reflecting its ability to sustain cash flow amid challenges.
- Market Reaction Analysis: Despite the elevated dividend, market sentiment towards Nordic American Tankers remains cautious, with analysts noting that the company's persistent underperformance may dampen investor confidence, recommending a hold rather than an increase in positions.
- Investor Considerations: Investors should monitor the trend of dividend growth and its sustainability, especially in the current market environment, as seeking more attractive investment options may be a wiser strategy.
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Analyst Views on NAT
Wall Street analysts forecast NAT stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 5.040
Low
3.00
Averages
3.00
High
3.00
Current: 5.040
Low
3.00
Averages
3.00
High
3.00
About NAT
Nordic American Tankers Limited is an international tanker company focusing solely on owning, operating, and chartering of Suezmax tankers. The Company has a fleet of approximately 20 Suezmax crude oil tankers. Its Suezmax vessels have a carrying capacity of one million barrels of oil. The Company's tankers operating in the spot market are chartered for a single voyage. The vessels in the Company's fleet are homogenous and interchangeable as they have the same freight capacity and ability to transport the same type of cargo. Its vessels include Nordic Pollux, Nordic Apollo, Nordic Luna, Nordic Castor, Nordic Freedom, Nordic Sprinter, Nordic Skier, Nordic Vega, Nordic Light, Nordic Cross, Nordic Breeze, Nordic Zenith, Nordic Star, Nordic Space, Nordic Aquarius, Nordic Cygnus, Nordic Tellus, Nordic Hunter and Nordic Harrier.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Nordic American Tankers Set to Release Q4 Earnings
- Earnings Announcement: Nordic American Tankers is set to announce its Q4 2023 earnings on February 26 before market open, with consensus EPS estimate at $0.14 and revenue at $69.43 million, reflecting a significant 49.7% year-over-year growth potential in the tanker market.
- Performance Forecast: Over the past year, NAT has only beaten EPS and revenue estimates 25% of the time, although recent upward revisions in both EPS and revenue estimates indicate cautious optimism regarding its future performance.
- Dividend Appeal: Despite ongoing underperformance, the company's generous dividend payouts have attracted investors, with market analysis cautioning against being misled by high dividends and suggesting better investment alternatives.
- Market Environment Impact: Amid threats of U.S.-Iran conflict, tanker rates have surged to six-year highs, and while tanker stocks remain stable after significant gains, investors are weighing the implications of tanker seizures and U.S. plans for Venezuelan oil on the market.
See More
Nordic American Tankers Declares Quarterly Dividend
- Quarterly Dividend Announcement: Nordic American Tankers has declared a quarterly dividend of $0.17 per share, payable on March 24, with a record date of March 10 and an ex-dividend date also on March 10, demonstrating the company's commitment to shareholder returns.
- Financial Performance Overview: The latest earnings report reveals a GAAP EPS of $0.06 and revenue of $21.16 million, indicating that while performance fell short of expectations, the company maintains its dividend policy, reflecting its ability to sustain cash flow amid challenges.
- Market Reaction Analysis: Despite the elevated dividend, market sentiment towards Nordic American Tankers remains cautious, with analysts noting that the company's persistent underperformance may dampen investor confidence, recommending a hold rather than an increase in positions.
- Investor Considerations: Investors should monitor the trend of dividend growth and its sustainability, especially in the current market environment, as seeking more attractive investment options may be a wiser strategy.
See More
Nordic American Tankers Reports Q4 2025 Financial Highlights
- Profitability Recovery: Nordic American Tankers reported a net profit of $11.7 million for Q4 2025, a significant turnaround from a net loss of -$2.8 million in Q3, indicating enhanced profitability amid market recovery, which is likely to boost investor confidence.
- Substantial Revenue Growth: The company achieved revenue of $21.16 million in Q4, marking a 141.6% year-over-year increase, reflecting strong demand in the tanker market that could attract more investor interest in the company's growth potential.
- Adjusted EBITDA Improvement: The adjusted EBITDA for Q4 stood at $34.7 million, an increase of $13.3 million from Q3's $21.4 million, demonstrating significant progress in cost control and operational efficiency.
- Daily Charter Rate Increase: The average time charter equivalent (TCE) for the fleet in Q4 was $35,000 per day per vessel, up from $27,490 in Q3, indicating a recovery in market rates that will support future revenue growth.
See More
Nordic American Tankers Sells Suezmax Tanker for $25 Million
- Sales Agreement Signed: Nordic American Tankers has entered into a sales agreement for a 2003-built suezmax tanker, with a sale price of $25 million and no debt on the vessel, indicating the company's solid financial health.
- Strong Financial Position: This transaction will generate $25 million in net income for the company, further strengthening its capital base to support future investments and operations.
- Good Market Positioning: Nordic American Tankers is in a solid position within the current market environment, reflecting its competitiveness and sustainability in the tanker transportation industry.
- Management Confidence: Founder and CEO Herbjorn Hansson expresses optimism about the company's future, emphasizing its leadership position in the industry and potential for continued growth.
See More
Dividend Stocks Gain Favor Amid Market Turbulence
- Investor Preference: During turbulent and uncertain market conditions, many investors are turning to dividend-yielding stocks, which typically have high free cash flows and reward shareholders with substantial dividends, indicating a strong demand for stable income.
- Analyst Ratings: Benzinga provides the latest analyst ratings for three high-yielding energy stocks, including Nordic American Tankers Ltd (NYSE:NAT), Kimbell Royalty Partners LP (NYSE:KRP), and Western Midstream Partners LP (NYSE:WES), offering decision-making support for investors.
- Market Trends: As market volatility increases, the appeal of dividend stocks rises, with investors seeking to mitigate investment risks through stable cash flows, potentially driving demand and prices for these stocks higher.
- Analyst Accuracy: Benzinga's analyst ratings page allows traders to sort ratings by analyst accuracy, helping investors identify the most promising high-yield stocks and enhancing the scientific basis of their investment decisions.
See More
Nordic American Tankers Ltd Signs Contracts for Two Suezmax Tankers at $86 Million Each
- New Ship Orders: Nordic American Tankers Ltd has signed contracts with Daehan Shipbuilding for the construction of two Suezmax tankers at $86 million each, expected to be delivered in 2028, thereby enhancing the company's competitive position in the tanker market.
- Asset Sales: The company has finalized the sale of two vessels built in 2004 and 2005, generating net cash proceeds of $50 million, which aids in optimizing asset structure and improving liquidity.
- Market Environment: The current favorable tanker market conditions allow the company to actively engage in fleet refinancing and transactions, demonstrating its solid position and growth potential within the industry.
- Strategic Adjustments: By selling four vessels and ordering two new ones, Nordic American Tankers Ltd showcases its ability to adapt to market changes, aiming to further enhance operational efficiency and increase market share.
See More
Nordic American Tankers Set to Release Q4 Earnings
- Earnings Announcement: Nordic American Tankers is set to announce its Q4 2023 earnings on February 26 before market open, with consensus EPS estimate at $0.14 and revenue at $69.43 million, reflecting a significant 49.7% year-over-year growth potential in the tanker market.
- Performance Forecast: Over the past year, NAT has only beaten EPS and revenue estimates 25% of the time, although recent upward revisions in both EPS and revenue estimates indicate cautious optimism regarding its future performance.
- Dividend Appeal: Despite ongoing underperformance, the company's generous dividend payouts have attracted investors, with market analysis cautioning against being misled by high dividends and suggesting better investment alternatives.
- Market Environment Impact: Amid threats of U.S.-Iran conflict, tanker rates have surged to six-year highs, and while tanker stocks remain stable after significant gains, investors are weighing the implications of tanker seizures and U.S. plans for Venezuelan oil on the market.
See More
Nordic American Tankers Declares Quarterly Dividend
- Quarterly Dividend Announcement: Nordic American Tankers has declared a quarterly dividend of $0.17 per share, payable on March 24, with a record date of March 10 and an ex-dividend date also on March 10, demonstrating the company's commitment to shareholder returns.
- Financial Performance Overview: The latest earnings report reveals a GAAP EPS of $0.06 and revenue of $21.16 million, indicating that while performance fell short of expectations, the company maintains its dividend policy, reflecting its ability to sustain cash flow amid challenges.
- Market Reaction Analysis: Despite the elevated dividend, market sentiment towards Nordic American Tankers remains cautious, with analysts noting that the company's persistent underperformance may dampen investor confidence, recommending a hold rather than an increase in positions.
- Investor Considerations: Investors should monitor the trend of dividend growth and its sustainability, especially in the current market environment, as seeking more attractive investment options may be a wiser strategy.
See More
Nordic American Tankers Reports Q4 2025 Financial Highlights
- Profitability Recovery: Nordic American Tankers reported a net profit of $11.7 million for Q4 2025, a significant turnaround from a net loss of -$2.8 million in Q3, indicating enhanced profitability amid market recovery, which is likely to boost investor confidence.
- Substantial Revenue Growth: The company achieved revenue of $21.16 million in Q4, marking a 141.6% year-over-year increase, reflecting strong demand in the tanker market that could attract more investor interest in the company's growth potential.
- Adjusted EBITDA Improvement: The adjusted EBITDA for Q4 stood at $34.7 million, an increase of $13.3 million from Q3's $21.4 million, demonstrating significant progress in cost control and operational efficiency.
- Daily Charter Rate Increase: The average time charter equivalent (TCE) for the fleet in Q4 was $35,000 per day per vessel, up from $27,490 in Q3, indicating a recovery in market rates that will support future revenue growth.
See More
Nordic American Tankers Sells Suezmax Tanker for $25 Million
- Sales Agreement Signed: Nordic American Tankers has entered into a sales agreement for a 2003-built suezmax tanker, with a sale price of $25 million and no debt on the vessel, indicating the company's solid financial health.
- Strong Financial Position: This transaction will generate $25 million in net income for the company, further strengthening its capital base to support future investments and operations.
- Good Market Positioning: Nordic American Tankers is in a solid position within the current market environment, reflecting its competitiveness and sustainability in the tanker transportation industry.
- Management Confidence: Founder and CEO Herbjorn Hansson expresses optimism about the company's future, emphasizing its leadership position in the industry and potential for continued growth.
See More
Dividend Stocks Gain Favor Amid Market Turbulence
- Investor Preference: During turbulent and uncertain market conditions, many investors are turning to dividend-yielding stocks, which typically have high free cash flows and reward shareholders with substantial dividends, indicating a strong demand for stable income.
- Analyst Ratings: Benzinga provides the latest analyst ratings for three high-yielding energy stocks, including Nordic American Tankers Ltd (NYSE:NAT), Kimbell Royalty Partners LP (NYSE:KRP), and Western Midstream Partners LP (NYSE:WES), offering decision-making support for investors.
- Market Trends: As market volatility increases, the appeal of dividend stocks rises, with investors seeking to mitigate investment risks through stable cash flows, potentially driving demand and prices for these stocks higher.
- Analyst Accuracy: Benzinga's analyst ratings page allows traders to sort ratings by analyst accuracy, helping investors identify the most promising high-yield stocks and enhancing the scientific basis of their investment decisions.
See More
Nordic American Tankers Ltd Signs Contracts for Two Suezmax Tankers at $86 Million Each
- New Ship Orders: Nordic American Tankers Ltd has signed contracts with Daehan Shipbuilding for the construction of two Suezmax tankers at $86 million each, expected to be delivered in 2028, thereby enhancing the company's competitive position in the tanker market.
- Asset Sales: The company has finalized the sale of two vessels built in 2004 and 2005, generating net cash proceeds of $50 million, which aids in optimizing asset structure and improving liquidity.
- Market Environment: The current favorable tanker market conditions allow the company to actively engage in fleet refinancing and transactions, demonstrating its solid position and growth potential within the industry.
- Strategic Adjustments: By selling four vessels and ordering two new ones, Nordic American Tankers Ltd showcases its ability to adapt to market changes, aiming to further enhance operational efficiency and increase market share.
See More
