NYSE:NAO - Nordic American Offshore Stock Price, News, & Analysis

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$3.17 +0.12 (+3.93 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$3.05
Today's Range$3.05 - $3.20
52-Week Range$2.90 - $13.00
Volume25,100 shs
Average Volume23,480 shs
Market Capitalization$19.65 million
P/E RatioN/A
Dividend Yield9.84%
Nordic American Offshore Ltd. owns and operates platform supply vessels (PSVs). As of December 31, 2017, it had a fleet of 10 PSVs. The company operates its vessels in the United Kingdom and in the Norwegian sectors of the North Sea. Nordic American Offshore Ltd. was founded in 2013 and is based in Hamilton, Bermuda.

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Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight



Sales & Book Value

Annual Sales$16.08 million
Book Value$40.05 per share


Net Income$-29,320,000.00
Net Margins-211.28%


Market Cap$19.65 million
Next Earnings Date2/27/2019 (Estimated)

Nordic American Offshore (NYSE:NAO) Frequently Asked Questions

What is Nordic American Offshore's stock symbol?

Nordic American Offshore trades on the New York Stock Exchange (NYSE) under the ticker symbol "NAO."

How often does Nordic American Offshore pay dividends? What is the dividend yield for Nordic American Offshore?

Nordic American Offshore announced a quarterly dividend on Tuesday, May 15th. Shareholders of record on Friday, May 25th will be given a dividend of $0.10 per share on Friday, June 8th. This represents a $0.40 annualized dividend and a yield of 12.62%. The ex-dividend date is Thursday, May 24th. This is an increase from Nordic American Offshore's previous quarterly dividend of $0.02. View Nordic American Offshore's Dividend History.

When did Nordic American Offshore's stock split? How did Nordic American Offshore's stock split work?

Nordic American Offshore shares reverse split on Monday, January 28th 2019. The 1-10 reverse split was announced on Wednesday, January 23rd 2019. The number of shares owned by shareholders was adjusted after the market closes on Friday, January 25th 2019. An investor that had 100 shares of Nordic American Offshore stock prior to the reverse split would have 10 shares after the split.

How were Nordic American Offshore's earnings last quarter?

Nordic American Offshore Ltd (NYSE:NAO) released its earnings results on Monday, November, 14th. The shipping company reported ($4.20) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($4.00) by $0.20. The shipping company had revenue of $3.96 million for the quarter, compared to the consensus estimate of $5.40 million. Nordic American Offshore had a negative net margin of 211.28% and a negative return on equity of 13.89%. During the same period in the previous year, the firm earned ($1.30) earnings per share. View Nordic American Offshore's Earnings History.

When is Nordic American Offshore's next earnings date?

Nordic American Offshore is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for Nordic American Offshore.

Has Nordic American Offshore been receiving favorable news coverage?

News coverage about NAO stock has been trending somewhat positive this week, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Nordic American Offshore earned a daily sentiment score of 1.7 on InfoTrie's scale. They also assigned news articles about the shipping company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near future.

Are investors shorting Nordic American Offshore?

Nordic American Offshore saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 180,274 shares, a decline of 88.8% from the January 15th total of 1,615,455 shares. Based on an average trading volume of 39,731 shares, the days-to-cover ratio is currently 4.5 days. Approximately 4.8% of the shares of the stock are sold short. View Nordic American Offshore's Current Options Chain.

Who are some of Nordic American Offshore's key competitors?

What other stocks do shareholders of Nordic American Offshore own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nordic American Offshore investors own include Opko Health (OPK), Nordic American Tanker (NAT), TherapeuticsMD (TXMD), Advanced Micro Devices (AMD), bluebird bio (BLUE), Gray Television (GTN), Alcoa (AA), General Electric (GE), Energy Transfer LP Unit (ET) and Arena Pharmaceuticals (ARNA).

Who are Nordic American Offshore's key executives?

Nordic American Offshore's management team includes the folowing people:
  • Mr. Emanuele A. Lauro, CEO & Chairman (Age 40)
  • Mr. Robert L. Bugbee, Pres & Director (Age 59)
  • Mr. Bjørn Giaever, CFO & Sec. (Age 52)
  • Mr. Cameron Mackey, Chief Operating Officer (Age 51)
  • Mr. Frithjof Bettum, Sr. VP of Technical Operations (Age 57)

Who are Nordic American Offshore's major shareholders?

Nordic American Offshore's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Mackenzie Financial Corp (155.92%), Pzena Investment Management LLC (14.50%), WealthTrust Axiom LLC (4.07%) and Wedbush Securities Inc. (0.94%). View Institutional Ownership Trends for Nordic American Offshore.

Which major investors are selling Nordic American Offshore stock?

NAO stock was sold by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, WealthTrust Axiom LLC and Wedbush Securities Inc.. View Insider Buying and Selling for Nordic American Offshore.

Which major investors are buying Nordic American Offshore stock?

NAO stock was acquired by a variety of institutional investors in the last quarter, including Mackenzie Financial Corp. View Insider Buying and Selling for Nordic American Offshore.

How do I buy shares of Nordic American Offshore?

Shares of NAO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Nordic American Offshore's stock price today?

One share of NAO stock can currently be purchased for approximately $3.17.

How big of a company is Nordic American Offshore?

Nordic American Offshore has a market capitalization of $19.65 million and generates $16.08 million in revenue each year.

What is Nordic American Offshore's official website?

The official website for Nordic American Offshore is http://www.nao.bm.

How can I contact Nordic American Offshore?

Nordic American Offshore's mailing address is 27 REID STREET, HAMILTON D0, HM 11. The shipping company can be reached via phone at 473-342-7300 or via email at [email protected]

MarketBeat Community Rating for Nordic American Offshore (NYSE NAO)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  141 (Vote Outperform)
Underperform Votes:  170 (Vote Underperform)
Total Votes:  311
MarketBeat's community ratings are surveys of what our community members think about Nordic American Offshore and other stocks. Vote "Outperform" if you believe NAO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NAO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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