Nordic American Tanker Ltd (NAT) Releases Earnings Results, Beats Expectations By $0.01 EPS

Nordic American Tanker Ltd (NAT) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.14. Analysts expectations of $62.42 million. During the same quarter in the previous year, the company posted $0.35 EPS.

Nordic American Tanker Ltd opened for trading at $12.02 and hit $12.12 on the upside on Friday, eventually ending the session at $12.04, with a gain of 0.25% or 0.03 points. The heightened volatility saw the trading volume jump to 11,44,921 shares. Company has a market cap of $1,074 M.

Nordic American Tankers Limited (NAT) is an international tanker company. The Company owns approximately 24 Suezmax crude oil tankers two of which are newbuildings averaging approximately 156000 deadweight tonnage (dwt) each. The Company’s subsidiaries include Scandic American Shipping Ltd. (Scandic) and Orion Tankers Ltd (Orion). The Company’s Suezmax tankers are interchangeable assets within the Orion Tankers pool. NAT’s vessels include Nordic Harrier Nordic Hawk Nordic Hunter Nordic Voyager Nordic Fighter Nordic Freedom Nordic Discovery Nordic Saturn Nordic Jupiter Nordic Moon Nordic Apollo Nordic Vega Nordic Breeze Nordic Aurora Nordic Zenith and Nordic Sprinter. The Company’s vessels were built in the yards of various companies such as Samsung Heavy Industries Co. Ltd Hyundai Heavy Industries Co. Ltd. Daewoo Shipbuilding and Marine Engineering S.A. Dalian Shipbuilding Industry Co. Ltd. and Bohai Shipbuilding Heavy Industry Co. Ltd.

Nordic American Tanker Ltd

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