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

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

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

Nordic American Offshore's stock reverse split on the morning of 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 closing bell 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.

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

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

News headlines about NAO stock have been trending positive this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Nordic American Offshore earned a news sentiment score of 2.7 on InfoTrie's scale. They also gave media stories about the shipping company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.

Nordic American Offshore saw a decline in short interest in 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 daily 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.

Some companies that are related to Nordic American Offshore include Navios Maritime Acquisition (NNA), Navios Maritime Midstream Partners (NAP), Global Ship Lease (GSL), Grupo TMM SAB (GTMAY), Navios Maritime (NM), Pyxis Tankers (PXS), TOP SHIPS (TOPS), Seanergy Maritime (SHIP), Globus Maritime (GLBS), Euroseas (ESEA), Diana Containerships (DCIX), Ultrapetrol (Bahamas) (ULTRF), Box Ships (TEUFF), Paragon Shipping (PRGNF) and Gener8 Maritime (GNRT).

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).

Nordic American Offshore's stock is owned by many different of institutional and retail investors. Top institutional investors 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.

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.

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

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

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

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

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]