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Last $14.57 USD
Change Today -0.1266 / -0.86%
Volume 546.1K
NAT On Other Exchanges
New York
As of 12:59 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

nordic american tankers ltd (NAT) Snapshot

Previous Close
Day High
Day Low
52 Week High
07/22/15 - $17.45
52 Week Low
10/10/14 - $6.95
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

nordic american tankers ltd (NAT) Related Businessweek News

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nordic american tankers ltd (NAT) Details

Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers. As of December 31, 2014, it owned 24 Suezmax crude oil tankers, including two new buildings under construction. The company was founded in 1995 and is based in Hamilton, Bermuda.

21 Employees
Last Reported Date: 03/27/15
Founded in 1995

nordic american tankers ltd (NAT) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

nordic american tankers ltd (NAT) Key Developments

Nordic American Tankers Limited Announces Earnings Results for the Second Quarter of 2015; Provides Earnings Guidance for the Third Quarter of 2015

Nordic American Tankers Limited announced earnings results for the second quarter of 2015. For the quarter, the company generated NAT of $0.61 per share in net operating cash flow. For the third quarter of 2015, the company expects the result to be about in line with the results of the first and second quarter of 2015.

Nordic American Tankers Limited Announces Earnings Results for the Second Quarter of 2015

Nordic American Tankers Limited announced earnings results for the second quarter of 2015. Earnings per share in second quarter of 2015 came to $0.35 compared with $0.31 for first quarter of 2015 and loss per share of $0.19 for second quarter of 2014. The company's operating cash flow in second quarter of 2015 was $54.5 million, compared with $51.0 million in first quarter of 2015, and $4.3 million in second quarter of 2014. At the end of second quarter of 2015 the company had net debt of about $105 million or about $4.4 million per vessel. Net income was $30.9 million against a loss of $16.5 million a year earlier. Revenues jumped to $73.5 million from $22.6 million.

Nordic American Tankers Limited Announces Acquisition of Two Modern Suezmax Tankers

Nordic American Tankers Limited announced that it has agreed to acquire two Far East built Suezmax tankers at an average age of five years. The total price is about USD 122 million. The vessels are expected to be delivered to in September and October 2015. NAT does not plan to issue equity to finance these two vessels. The acquisition represents a natural step in the further development of Nordic American. By adding two more ships, the company increase the dividend capacity and earnings potential. The company believe that strong balance sheet, the dividend policy, well defined and transparent operating model provide NAT with a solid competitive position.


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Industry Average

Valuation NAT Industry Range
Price/Earnings 21.6x
Price/Sales 3.0x
Price/Book 1.4x
Price/Cash Flow 9.0x
TEV/Sales 2.1x

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