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 declared a quarterly dividend on Tuesday, May 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 11.83%. The ex-dividend date of this dividend 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.

Nordic American Offshore's stock 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 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) issued its quarterly earnings results on Monday, November, 14th. The shipping company reported ($4.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($4.00) by $0.20. The shipping company earned $3.96 million during the quarter, compared to analysts' expectations 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 period last year, the company earned ($1.30) earnings per share. 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.

Media stories about NAO stock have trended negative on Sunday, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Nordic American Offshore earned a coverage optimism score of -2.8 on InfoTrie's scale. They also assigned news stories about the shipping company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term.

Nordic American Offshore saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 180,274 shares, a drop 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. Currently, 4.8% of the company's shares 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).

Nordic American Offshore's stock is owned by many different 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.

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 purchased 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 $3.38.

Nordic American Offshore has a market capitalization of $20.95 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]