NAT Stock Recent News

Wednesday, May 29, 2024   Dear Shareholders and Investors,   Highlights:    Ninety day periods offer a short-term snapshot of a company, but it is also important to view the long-term picture. The values of our assets have seen a significant increase over the past years.

Nordic American Tankers (NAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

If we look at energy stocks with focus on the oil & gas sector, the last 12 months have been disappointing in terms of returns. Macroeconomic headwinds have ensured that energy prices remain relatively subdued.

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Penny stocks are often categorized as purely speculative. That's far from being a fact with several promising ideas in the penny stocks space.

Brent oil price has touched $90, which has caused escalating geopolitical tensions in the Middle East. Of course, it's not the only factor for oil trending higher.

The crude tanker market remains strong due to limited supply and growing tonne-mile demand for crude oil transportation. FY23 NAT realized $262 million net voyage revenue, $127 million net operating income, and $98.7 million net income. The impressive results are due to improved TCE rates and stable OPEX. NAT has a 56% total debt-to-equity ratio and 38.8% total liabilities to total assets. The company has $31.1 million cash and $301 million total debt.

Crude oil recently hit a four-month high, with the International Energy Agency expecting a supply deficit through 2024. That view is based on the premise that OPEC maintains production cuts.

Nordic American Tankers: Suezmax Pure Play For Income-Minded Investors

While Nordic American Tankers reported seasonally weaker Q3 results, the company is expected to have finished 2023 on a high note. Q1 results could be even stronger with the addition of another Suezmax tanker and increased spot market exposure. With the Houthi attacks on vessels in the Red Sea unlikely to stop anytime soon, current tailwinds might continue into the seasonally weaker second and third quarters.