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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Strong Buy (3.50 out of 4) 57th percentile
(ranked higher than approx. 57% of all stocks covered)
Analysts' Target Price: NAT Stock Forecast Based on Zacks ABR data; powered by Xignite |