Nordic American Offshore Ltd. (NAO) Shares Up 1.3%
Nordic American Offshore Ltd. (NYSE:NAO) shot up 1.3% during mid-day trading on Friday . The company traded as high as $4.10 and last traded at $4.04, with a volume of 57,602 shares traded. The stock had previously closed at $3.99.
Separately, Zacks Investment Research raised Nordic American Offshore from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th.
The firm’s 50-day moving average is $4.40 and its 200-day moving average is $4.68. The firm’s market cap is $91.10 million.
Nordic American Offshore (NYSE:NAO) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.36) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.10. During the same period last year, the company earned ($0.02) earnings per share. The company earned $5.07 million during the quarter, compared to analysts’ expectations of $7.79 million. Nordic American Offshore’s quarterly revenue was down 55.0% on a year-over-year basis. On average, equities research analysts predict that Nordic American Offshore Ltd. will post ($1.41) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Wednesday, August 17th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 15th. This represents a $0.20 dividend on an annualized basis and a 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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