Nordic American Tankers claims to have a unique business model with high dividend payout and low financial risk. It has a long history of paying dividends.
Nordic American Tankers provided insights on the industry’s orderbook in its 1Q17 earnings report. The current orderbook for Suezmax vessels stands at 65.
Nordic American Tankers’ (NAT) revenue in 1Q17 rose to $94 million—compared to $90 million in the previous quarter.
On May 8, 2017, Nordic American Tankers (NAT) announced its 1Q17 revenue and earnings. Its net revenue rose 5% to $55 million in 1Q17.
In this part of the series, we’ll discuss the important dividend-yielding stocks of other sectors.
Since the elections, the S&P 500 (SPY) (SPX-INDEX) is up 15% driven by financials (XLF), technology (XLK) (SMH), industrials (XLI), and consumer discretionary (XLY).
Some of the leading brokerages have slashed U.S. Steel’s (X) target price and ratings after the company missed its 1Q17 earnings by a wide margin.
AK Steel (AKS) has been among the worst-performing steel stocks this year with year-to-date losses of 41.5% as of May 10.
U.S. Steel (X) released its 1Q17 earnings on April 25, followed by a conference call on April 26.
AK Steel (AKS) released its 1Q17 earnings on April 25. It reported revenues of $1.53 billion in 1Q17.
Steel stocks have come under selling pressure over the last few weeks. Companies like U.S. Steel (X) and AK Steel (AKS) are trading with massive year-to-date losses.
ArcelorMittal and other steelmakers like U.S. Steel (X) and AK Steel (AKS) have seen selling pressure over the last few weeks.
Steel Dynamics (STLD) released its 1Q17 earnings on April 19.
Nucor (NUE) released its 1Q17 earnings on April 20. It reported EBITDA (earnings before interest, tax, depreciation, and amortization) of $773 million in 1Q17.
ArcelorMittal has a mean one-year price target of 9.36 euros, which represents 30% upside over its closing price on May 10, 2017.
Mario Longhi, who has been serving as U.S. Steel’s (X) CEO since 2013, has announced his retirement.
Steel stocks have seen heightened volatility over the last few weeks. AK Steel (AKS) and U.S. Steel (X) are trading with year-to-date (or YTD) losses of 41.5% and 36.5%, respectively.
For Nordic American Tankers, six analysts recommended a “hold,” one recommended a “sell,” and two recommended a “strong sell” in week 18.
On May 4, 2017, the average bunker fuel price was ~$323 per ton—compared to $332 per ton in the previous week.
The Suezmax rate on the benchmark route fell to $11,225 per day on May 5, 2017, from $17,460 per day on April 28, 2017.