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NAT Buyback image

Nordic American Offshore Ltd. Buyback

OLI recorded this information on 5/21/2015

Company: Nordic American Offshore Ltd.
Buyback: NAT buyback
Share Amount Authorized: 2,500,000.00
Buyback Details: Nordic American Offshore Ltd. ("NAO" or the "Company") today announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to 2.5 million of NAO's outstanding common stock over the next two years. The authorization is effective immediately. There are 23,431,370 NAO shares in issue.

Nordic American Tankers is an international tanker company that has Suezmax tankers. The active fleet that Co. operated have the same freight capacity and ability to transport the same type of cargo. The vessels are primarily employed in the spot market, together with one vessel on a longer term time charter agreement. Co.'s vessels include Nordic Freedom, Nordic Moon, Nordic Apollo, Nordic Cosmos, Nordic Grace, Nordic Mistral, Nordic Passat, Nordic Vega, Nordic Breeze, Nordic Zenith, Nordic Sprinter, Nordic Skier, Nordic Light, Nordic Cross, Nordic Luna, Nordic Castor, Nordic Pollux, Nordic Star, Nordic Space, Nordic Aquarius, Nordic Cygnus, Nordic Tellus and Newbuilding.

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NAT — Key Stats (updated 3 hours, 25 minutes ago)
Company Name:  Nordic American Tankers Ltd
Stock buyback:  NAT buyback
Website:  www.nat.bm
Sector:  Air Services Other
Number of ETFs Holding NAT:  15
Total Market Value Held by ETFs:  $37.96M
Total Market Capitalization:  $583.00M
% of Market Cap. Held by ETFs:  6.51%
 

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April 19, 2024  •  1:57 PM Eastern
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Avg. Broker Rec.

Strong Buy (3.50 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

Analysts' Target Price:
NAT Stock Forecast

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