News articles about Nordic American Offshore (NYSE:NAO) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nordic American Offshore earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 47.087869729054 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Can Nordic American Offshore Ltd. (NYSE:NAO) Grab Upward Traction? - FLBC News (flbcnews.com)
- ETFs with exposure to Nordic American Offshore Ltd. : August 25, 2017 (finance.yahoo.com)
- Nordic American Tankers Limited (NYSE:NAT) – Update on TC arrangements with major oil companies and comments on the NAT potential. (4-traders.com)
- Nordic American Offshore Ltd (NAO) Short Interest Update (americanbankingnews.com)
- Press release from Nordic American Tankers (NYSE:NAT): Nordic American Offshore (NYSE:NAO) – Improved Market Conditions. (forextv.com)
Nordic American Offshore (NYSE NAO) opened at 1.22 on Friday. Nordic American Offshore has a one year low of $0.80 and a one year high of $4.19. The firm’s 50-day moving average price is $1.21 and its 200 day moving average price is $1.23. The firm’s market cap is $27.51 million.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be given a dividend of $0.02 per share. The ex-dividend date is Tuesday, August 15th. This represents a $0.08 annualized dividend and a dividend yield of 6.56%. Nordic American Offshore’s payout ratio is -6.35%.
Separately, Zacks Investment Research upgraded Nordic American Offshore from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a report on Saturday, June 24th.
About Nordic American Offshore
Nordic American Offshore Limited (NAO) operates platform supply vessels (PSV). The Company owns approximately eight vessels. The Company operates in the offshore support vessel market segment. The Company has approximately two vessels under construction. The Company’s vessels operate in the North Sea in both the term and spot market.
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