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Nordic American Tankers (NAT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
What's bad for China is bad for ocean shipping stocks. China is pivotal to tanker and dry bulk demand, as well as to containerized cargo flows.
Here is how Nordic American Tankers (NAT) and Pyxis Tankers Inc. (PXS) have performed compared to their sector so far this year.
Here is how Nordic American Tankers (NAT) and Pyxis Tankers Inc. (PXS) have performed compared to their sector so far this year.
Here is how Nordic American Tankers (NAT) and Eneti (NETI) have performed compared to their sector so far this year.
Nordic American owns a fleet of 20 Suezmax tankers. Tanker rates have increased in recent months and are forecasted to stay higher for longer due to re-routed Russian oil flows.
Now just might be a great time to buy Nordic American Tankers stock.
Nordic American Tankers Ltd. NAT, +4.84% rose 3% in premarket trades on Tuesday after the shipping company said it expects to increase its dividend by an unspecified amount because of stronger market conditions.
Here is how Nordic American Tankers (NAT) and Eneti (NETI) have performed compared to their sector so far this year.
Are investors selling Nordic American Tankers stock at exactly the wrong moment?