Nordic American Offshore Ltd. (NAO) Shares Up 1.3%
Nordic American Offshore Ltd. (NYSE:NAO)’s share price shot up 1.3% during trading on Friday . The stock traded as high as $4.10 and last traded at $4.04, with a volume of 57,602 shares trading hands. The stock had previously closed at $3.99.
Separately, Zacks Investment Research upgraded Nordic American Offshore from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th.
The company’s 50-day moving average is $4.40 and its 200-day moving average is $4.68. The stock’s market capitalization is $91.10 million.
Nordic American Offshore (NYSE:NAO) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. During the same quarter in the previous year, the firm posted ($0.02) EPS. The business earned $5.07 million during the quarter, compared to analysts’ expectations of $7.79 million. Nordic American Offshore’s revenue for the quarter was down 55.0% on a year-over-year basis. Analysts anticipate that Nordic American Offshore Ltd. will post ($1.39) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Wednesday, August 17th will be paid a $0.05 dividend. The ex-dividend date is Monday, August 15th. This represents a $0.20 annualized dividend and a dividend yield of 4.95%.
Nordic American Offshore Limited. (NOA) is an international company. The Company is engaged in acquiring and operating platform supply vessels (PSVs), and own and operate eight vessels and have two new buildings under construction. The Company owns and operates Platform Supply Vessels (PSV) in the North Sea.
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