NAT News and Press, Nordic American Tankers Limited From 05/31/22

Tuesday, May 31, 2022 Dear Shareholders and Investors, Please see HIGHLIGHTS and enclosed 1Q 2022 report below. HIGHLIGHTS: The future of our business is sound The uncertainty created by the Russia/Ukraine conflict is reshaping the energy map of the w...

Energy (NYSEARCA:XLE) led the week's S&P sector standings, +8.2%, as U.S. crude oil climbed to its highest level in more than 11 weeks with continued signs of tight fuel inventories as summer driving season begins this Memorial Day weekend. "You have to assume that things will get worse,"...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips This article is excerpted from Tom Yeung’s Profit & Protection newsletter. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . Growth Investing Works On Tue...

Nordic American Tankers (NYSE:NAT) is scheduled to announce Q1 earnings results on Tuesday, May 31st, before market open. The consensus EPS Estimate is -$0.11 (+31.3% Y/Y) and the consensus Revenue Estimate is $21.93M (+16.6% Y/Y). Over the last 3 months, EPS estimates have seen 1 upward revi...

BEKE, EH, HTHT, KIRK, LX, NAT, NNDM, SHIP For Seeking Alpha's full earnings season calendar, click here. For further details see: Notable earnings before Tuesday's open

Shares of oil tanker stock Nordic American Tankers (NYSE: NAT) fell as much as 21.3% in trading today after the company gave the market an update on operations. Shares closed the day down 11.4%. In a press release before the market opened, Nordic American Tankers' management...

Gainers: LogicMark (LGMK) +15%, Genco Shipping & Trading GNK +11%, Terran Orbital (LLAP) +11%, Capstone Green Energy (CGRN) +9%, Espey Mfg. & Electronics (ESP) +9%. Losers: Nordic American Tankers (NAT) -12%, ESS Tech (GWH) -11%, ToughBuilt Industries TBLT -11%, Pe...

Monday, May 23, 2022 Message to the market: This is to advise you that the results for the first quarter of 2022 will be published before NYSE opening May 31, 2022. The market for our ships is dominated by implications caused by the Russian/Ukrainian conflict. Po...

NAT is bullish on spot tanker rates because of Russia's involvement in armed conflict with Ukraine, and most of its tankers are in the spot market. However, Suezmax tanker rates have dropped since their spike. Oil demand fundamentals have softened and high oil prices are dampening...

Nordic American Tanker (NYSE:NAT) took delivery of a newbuilding suezmax tanker, ~150K tons, from Samsung Heavy Industries in South Korea. The vessel will commence a contract for six years to ASYAD Shipping Company of the Sultanate of Oman. The contract is producing earnings and cas...