Nordic American Offshore Limited (NAO) operates platform supply vessels (PSV). The Company owns approximately eight vessels. The Company operates in the offshore support vessel market segment. The Company has approximately two vessels under construction. The Company's vessels operate in the North Sea in both the term and spot market. The Company's vessels include NAO Fighter, NAO Prosper, NAO Power, NAO Thunder, NAO Guardian, NAO Protector, NAO Storm and NAO Viking. Each of the Company's vessels has a capacity of approximately 4,200 deadweight tonnage (DWT) and a cargo deck area of approximately 850 square meters. The Company's vessels under construction include NAO Galaxy and NAO Horizon. Remoy Shipping AS and V. Ships Limited provide technical management for the Company's vessels.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Shipping
- Sub-Industry: N/A
- Symbol: NYSE:NAO
- CUSIP: N/A
- Web: www.nao.bm
Capitalization:- Market Cap: $89.82 million
- Outstanding Shares: 22,549,000
Average Prices:- 50 Day Moving Avg: $1.30
- 200 Day Moving Avg: $1.15
- 52 Week Range: $0.80 - $3.90
P/E:- Trailing P/E Ratio: N/A
- P/E Growth: 0.10
Sales & Book Value:- Annual Revenue: $14.92 million
- Price / Sales: 2.22
- Book Value: $4.27 per share
- Price / Book: 0.34
Dividend:- Annual Dividend: $0.08
- Dividend Yield: 5.4%
Profitability:- EBIDTA: ($13,420,000.00)
- Net Margins: -249.97%
- Return on Equity: -13.23%
- Return on Assets: -8.54%
Debt:- Debt-to-Equity Ratio: 0.51%
- Current Ratio: 13.46%
- Quick Ratio: 13.11%
Misc:- Average Volume: 312,817 shs.
- Beta: -0.23
- Short Ratio: 1.51
Frequently Asked Questions for Nordic American Offshore Ltd (NYSE:NAO)
What is Nordic American Offshore Ltd's stock symbol?
Nordic American Offshore Ltd trades on the New York Stock Exchange (NYSE) under the ticker symbol "NAO."
How often does Nordic American Offshore Ltd pay dividends? What is the dividend yield for Nordic American Offshore Ltd?
Nordic American Offshore Ltd announced a quarterly dividend on Thursday, August 3rd. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.02 per share on Thursday, August 31st. This represents a $0.08 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Tuesday, August 15th. View Nordic American Offshore Ltd's Dividend History.
How were Nordic American Offshore Ltd's earnings last quarter?
Nordic American Offshore Ltd (NYSE:NAO) announced its quarterly earnings data on Monday, November, 14th. The company reported ($0.42) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.40) by $0.02. The company had revenue of $3.96 million for the quarter, compared to analyst estimates of $5.40 million. Nordic American Offshore Ltd had a negative return on equity of 13.23% and a negative net margin of 249.97%. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. View Nordic American Offshore Ltd's Earnings History.
When will Nordic American Offshore Ltd make its next earnings announcement?
Are investors shorting Nordic American Offshore Ltd?
Nordic American Offshore Ltd saw a decline in short interest in the month of July. As of July 31st, there was short interest totalling 3,211,888 shares, a decline of 3.8% from the July 14th total of 3,340,318 shares. Based on an average daily trading volume, of 122,594 shares, the days-to-cover ratio is presently 26.2 days. Approximately 10.1% of the company's shares are short sold.
Who are some of Nordic American Offshore Ltd's key competitors?
Some companies that are related to Nordic American Offshore Ltd include Aegean Marine Petroleum Network (ANW), Danaos Corporation (DAC), P.A.M. Transportation Services (PTSI), StealthGas (GASS), Pangaea Logistics Solutions (PANL), USA Truck (USAK), Navios Maritime Midstream Partners LP (NAP), Global Ship Lease (GSL), Odyssey Marine Exploration (OMEX), Pyxis Tankers (PXS), Euroseas (ESEA), Rand Logistics (RLOG), DryShips (DRYS), Diana Containerships (DCIX), Eagle Bulk Shipping (EGLE), TNT Express NV - (TNTEY) and Ultrapetrol (Bahamas) Limited (ULTR).
Who owns Nordic American Offshore Ltd stock?
Nordic American Offshore Ltd's stock is owned by many different of institutional and retail investors. Top institutional shareholders include DnB Asset Management AS (36.84%), Shah Capital Management (1.86%), Laurion Capital Management LP (0.98%), WealthTrust Axiom LLC (0.49%), UBS Oconnor LLC (1.06%) and Highland Capital Management LLC (0.16%). View Institutional Ownership Trends for Nordic American Offshore Ltd.
Who sold Nordic American Offshore Ltd stock? Who is selling Nordic American Offshore Ltd stock?
Who bought Nordic American Offshore Ltd stock? Who is buying Nordic American Offshore Ltd stock?
How do I buy Nordic American Offshore Ltd stock?
Shares of Nordic American Offshore Ltd can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Nordic American Offshore Ltd's stock price today?
One share of Nordic American Offshore Ltd stock can currently be purchased for approximately $1.47.
MarketBeat Community Rating for Nordic American Offshore Ltd (NYSE NAO)MarketBeat's community ratings are surveys of what our community members think about Nordic American Offshore Ltd and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Nordic American Offshore Ltd (NYSE:NAO) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | No ratings tracked in the last 12 months. |
| Consensus Rating: | N/A (Score: NaN) |
| Consensus Price Target: | N/A |
Analysts' Ratings History for Nordic American Offshore Ltd (NYSE:NAO)
Show:
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Nordic American Offshore Ltd (NYSE:NAO)Earnings History by Quarter for Nordic American Offshore Ltd (NYSE NAO)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/13/2017 | | | | | | | N/A |  |
| 3/7/2017 | Q4 | ($0.40) | ($0.48) | $3.80 million | $2.37 million | View | N/A | |
| 11/14/2016 | 9/30/2016 | ($0.40) | ($0.42) | $5.40 million | $3.96 million | View | N/A | |
| 8/4/2016 | Q2 | ($0.26) | ($0.36) | $7.79 million | $5.07 million | View | N/A | |
| 5/12/2016 | Q1 | ($0.19) | ($0.30) | $6.20 million | $4.85 million | View | N/A | |
| 2/4/2016 | Q415 | ($0.14) | ($0.19) | $7.60 million | $6.68 million | View | N/A | |
| 11/9/2015 | Q315 | ($0.03) | ($0.13) | $10.50 million | $7.95 million | View | N/A | |
| 8/4/2015 | Q215 | ($0.05) | ($0.02) | $10.70 million | $11.28 million | View | N/A | |
| 5/13/2015 | Q115 | ($0.02) | ($0.12) | $13.70 million | $8.93 million | View | N/A | |
| 2/3/2015 | Q4 2014 | $0.19 | ($0.05) | $13.90 million | $9.89 million | View | N/A | |
| 10/30/2014 | Q3 2014 | $0.23 | $0.18 | $17.00 million | $14.31 million | View | N/A | |
| 8/6/2014 | Q2 2014 | $0.26 | $0.23 | $15.00 million | $14.61 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Nordic American Offshore Ltd (NYSE:NAO)2017 EPS Consensus Estimate: ($0.69)
2018 EPS Consensus Estimate: ($0.56)
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | ($0.27) | ($0.27) | ($0.27) |
| Q2 2017 | 1 | ($0.14) | ($0.14) | ($0.14) |
| Q3 2017 | 1 | ($0.14) | ($0.14) | ($0.14) |
| Q4 2017 | 1 | ($0.14) | ($0.14) | ($0.14) |
| Q1 2018 | 1 | ($0.14) | ($0.14) | ($0.14) |
| Q2 2018 | 1 | ($0.14) | ($0.14) | ($0.14) |
| Q3 2018 | 1 | ($0.14) | ($0.14) | ($0.14) |
| Q4 2018 | 1 | ($0.14) | ($0.14) | ($0.14) |
| Q1 2019 | 1 | ($0.14) | ($0.14) | ($0.14) |
(Data provided by Zacks Investment Research)
Current Dividend Information for Nordic American Offshore Ltd (NYSE:NAO)| Most Recent Dividend: | 8/31/2017 |
| Annual Dividend: | $0.08 |
| Dividend Yield: | 5.44% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | -6.35% (Trailing 12 Months of Earnings)
|
Dividend History by Quarter for Nordic American Offshore Ltd (NYSE NAO)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/3/2017 | Quarterly | $0.02 | 6.61% | 8/15/2017 | 8/17/2017 | 8/31/2017 |
| 5/2/2017 | Quarterly | $0.02 | | 5/15/2017 | 5/17/2017 | 6/1/2017 |
| 3/7/2017 | Quarterly | $0.02 | | 3/17/2017 | 3/21/2017 | 4/5/2017 |
| 11/14/2016 | Quarterly | $0.03 | 3.93% | 11/21/2016 | 11/23/2016 | 12/7/2016 |
| 8/5/2016 | quarterly | $0.05 | 4.59% | 8/15/2016 | 8/17/2016 | 9/6/2016 |
| 4/27/2016 | quarterly | $0.09 | 6.74% | 5/10/2016 | 5/12/2016 | 5/27/2016 |
| 1/26/2016 | quarterly | $0.12 | 14.93% | 2/3/2016 | 2/5/2016 | 2/22/2016 |
| 10/15/2015 | quarterly | $0.15 | 8.84% | 10/26/2015 | 10/28/2015 | 11/11/2015 |
| 7/21/2015 | quarterly | $0.17 | 8.97% | 8/3/2015 | 8/5/2015 | 8/19/2015 |
| 4/29/2015 | quarterly | $0.17 | 7.19% | 5/12/2015 | 5/14/2015 | 5/28/2015 |
| 10/20/2014 | quarterly | $0.45 | | | 11/7/2014 | 11/21/2014 |
| 8/1/2014 | quarterly | $0.45 | 9.85% | 8/14/2014 | 8/18/2014 | 8/29/2014 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Nordic American Offshore Ltd (NYSE:NAO)Institutional Ownership Percentage: 26.67%
Insider Trades by Quarter for Nordic American Offshore Ltd (NYSE:NAO)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 12/14/2015 | Leon G Cooperman | Major Shareholder | Sell | 19,200 | $4.53 | $86,976.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Nordic American Offshore Ltd (NYSE:NAO)
Latest Headlines for Nordic American Offshore Ltd (NYSE:NAO)
| Source: |
|
| Date | Headline |
|---|
 | Nordic American Offshore (NYSE:NAO) - New CFO for NAO and Nordic American Tankers Limited (NAT) to join October 16, 2017
finance.yahoo.com - September 13 at 6:54 AM |
 | Critical Contrast: Nordic American Offshore (NAO) versus Overseas Shipholding Group (OSG)
www.americanbankingnews.com - September 9 at 2:09 PM |
 | Nordic American Offshore Ltd. (NYSE: NAO) - New CFO appointed for NAT and NAO. - GlobeNewswire (press release)
globenewswire.com - September 3 at 1:00 AM |
 | BRIEF-Nordic American Offshore: New CFO appointed for NAT and NAO - Reuters
www.reuters.com - September 3 at 1:00 AM |
 | Nordic American Tankers (NAT) / Nordic American Offshore (NAO) Appoint Bjem Glaever as New CFI
www.streetinsider.com - September 2 at 7:59 PM |
| BRIEF-Nordic American Offshore: New CFO appointed for NAT and NAO
www.reuters.com - September 2 at 6:35 AM |
 | Nordic American Tanker, Nordic American Offshore name Giaever as CFO
seekingalpha.com - September 2 at 6:35 AM |
| Nordic American Offshore Ltd. (NYSE: NAO) - New CFO appointed for NAT and NAO.
finance.yahoo.com - September 2 at 6:34 AM |
| ETFs with exposure to Nordic American Offshore Ltd. : August 25, 2017
finance.yahoo.com - August 26 at 7:35 AM |
| Nordic American Offshore Ltd (NAO) Short Interest Update
www.americanbankingnews.com - August 22 at 11:10 PM |
| Nordic American Offshore Ltd. (NYSE:NAO) - Improved Market Conditions.
finance.yahoo.com - August 21 at 8:14 PM |
| Nordic American Offshore Ltd. :NAO-US: Earnings Analysis: Q2, 2017 By the Numbers : August 16, 2017
finance.yahoo.com - August 17 at 6:02 AM |
| Eagle Bulk Shipping (EGLE) versus Nordic American Offshore (NAO) Critical Review
www.americanbankingnews.com - August 16 at 12:22 AM |
| Critical Analysis: Nordic American Offshore (NAO) and Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK)
www.americanbankingnews.com - August 15 at 4:10 PM |
 | Nordic American Offshore About To Put More Money In Your Pocket (NAO)
www.thestreet.com - August 12 at 6:09 AM |
 | Nordic American Tankers Limited (NYSE:NAT) - 2Q2017 Earnings Report. NAT is a strong company with focus on ... - Nasdaq
www.nasdaq.com - August 9 at 2:28 AM |
| Zacks: Analysts Anticipate Nordic American Offshore Ltd (NYSE:NAO) to Announce -$0.13 EPS
www.americanbankingnews.com - August 7 at 6:20 PM |
| Nordic American Offshore Ltd (NYSE:NAO) to Issue $0.02 Quarterly Dividend
www.americanbankingnews.com - August 4 at 11:54 AM |
| Nordic American Offshore Ltd. (NYSE:NAO) - 2Q2017 Dividend and Earnings Report. NAO is in a solid financial ... - Nasdaq
www.nasdaq.com - August 3 at 6:09 AM |
| Nordic American Offshore Ltd. (NYSE:NAO) - 2Q2017 Dividend and Earnings Report. NAO is in a solid financial condition.
finance.yahoo.com - August 3 at 6:09 AM |
| Nordic American reports 2Q loss
finance.yahoo.com - August 3 at 6:09 AM |
| Head-To-Head Contrast: Euronav NV (EURN) vs. Nordic American Offshore (NAO)
www.americanbankingnews.com - July 28 at 8:25 PM |
| Critical Comparison: Eagle Bulk Shipping (EGLE) vs. Nordic American Offshore (NAO)
www.americanbankingnews.com - July 27 at 10:33 PM |
| Critical Comparison: Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) vs. Nordic American Offshore (NYSE:NAO)
www.americanbankingnews.com - July 22 at 10:25 AM |
| Nordic American Offshore (NYSE:NAO) - Press release from Nordic American Tankers Limited. - Nasdaq
www.nasdaq.com - July 22 at 6:47 AM |
| Nordic American Offshore (NYSE:NAO) - Press release from Nordic American Tankers Limited.
finance.yahoo.com - July 22 at 6:47 AM |
| Head to Head Analysis: Nordic American Offshore (NAO) versus Euronav NV (EURN)
www.americanbankingnews.com - July 18 at 9:40 AM |
| BRIEF-Nordic American Offshore on Tradewinds article says NAO has no discussions with SEC
www.reuters.com - July 13 at 7:10 AM |
 | Nordic American Offshore Ltd. (NYSE:NAO) - comments to an article in Tradewinds
feeds.benzinga.com - July 13 at 5:34 AM |
| Nordic American Offshore Ltd. (NYSE:NAO) - the immediate Hansson family increases its holding in NAO to 10.8%.
feeds.benzinga.com - July 12 at 12:44 PM |
| Nordic American Offshore Ltd (NYSE:NAO) Downgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - July 9 at 10:58 PM |
| Matson (MATX) versus Nordic American Offshore (NAO) Head-To-Head Review
www.americanbankingnews.com - June 29 at 7:50 AM |
| Zacks Investment Research Upgrades Nordic American Offshore Ltd (NAO) to Buy
www.americanbankingnews.com - June 24 at 7:10 AM |
| Seaport Global Securities Weighs in on Nordic American Offshore Ltd's Q2 2017 Earnings (NAO)
www.americanbankingnews.com - June 23 at 7:52 AM |
| Seaport Global Securities Comments on Nordic American Offshore Ltd's Q1 2019 Earnings (NAO)
www.americanbankingnews.com - June 22 at 2:32 PM |
| Will Nordic American Offshore (NAO) Continue to Surge Higher?
finance.yahoo.com - June 7 at 8:50 AM |
| Nordic American Offshore Ltd. (NYSE:NAO) Announces receipt of notices from the NYSE which have been corrected
finance.yahoo.com - June 6 at 9:06 AM |
| Nordic American Offshore Ltd. (NYSE:NAO) - the Executive Chairman and his family increase its holding in NAO.
finance.yahoo.com - May 10 at 12:10 PM |
| Nordic American Offshore Ltd. (NYSE:NAO) - Updated Record Date for 1Q2017 Dividend
finance.yahoo.com - May 9 at 11:36 AM |
| Nordic American Offshore Ltd. :NAO-US: Earnings Analysis: Q1, 2017 By the Numbers : May 9, 2017
finance.yahoo.com - May 9 at 11:36 AM |
| Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (nao) Declares Quarterly Dividend of $0.02
www.americanbankingnews.com - May 3 at 7:52 PM |
 | Nordic American reports 1Q loss
marketbeat.com - May 3 at 10:45 AM |
| Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NAO) Earning Positive News Coverage, Analysis Finds
www.americanbankingnews.com - May 2 at 8:44 PM |
| Short Interest in Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NAO) Increases By 126.4%
www.americanbankingnews.com - May 2 at 7:02 AM |
| Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NAO) Given Daily News Sentiment Score of 0.22
www.americanbankingnews.com - April 28 at 12:25 AM |
| Nordic American Offshore Ltd. :NAO-US: Earnings Analysis: Q4, 2016 By the Numbers : April 27, 2017
finance.yahoo.com - April 27 at 7:16 PM |
| Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NAO) Receiving Somewhat Positive News Coverage, AlphaOne Reports
www.americanbankingnews.com - April 24 at 9:32 PM |
| Q1 2017 EPS Estimates for Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NAO) Raised by Analyst
www.americanbankingnews.com - April 24 at 7:22 AM |
| Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NAO) Receives Media Impact Rating of -0.06
www.americanbankingnews.com - April 20 at 3:49 PM |
| Nordic Amern Offshore Ltd Ordinary Shares (Bermuda) (NAO) Sees Significant Increase in Short Interest
www.americanbankingnews.com - April 18 at 7:21 AM |
Nordic American Offshore Ltd (NAO) Chart for Wednesday, September, 20, 2017
