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Stock Market & Financial Investment News

News Breaks
January 16, 2014
11:19 EDTNAT, EGO, AMCC, LUK, INSMHigh option volume stocks: LUK AMCC INSM EGO NAT
News For LUK;AMCC;INSM;EGO;NAT From The Last 14 Days
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May 15, 2015
09:31 EDTINSMAmerican Thoracic Society to hold a conference
ATS 2015 Conference is being held in Denver on May 15-20.
May 14, 2015
17:22 EDTAMCCKingdom Ridge Capital reports 9.98% stake in Applied Micro Circuits
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May 11, 2015
09:21 EDTNATOn The Fly: Pre-market Movers
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07:46 EDTINSMInsmed price target raised to $25 from $20 at Cowen
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05:31 EDTNATNordic American Tankers expects six vessels to be drydocked in 2015
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05:31 EDTNATNordic American Tankers reports Q1 tanker rates averaged 37K per day per vessel
Nordic American Tankers benefitted in Q1 from a strong Suezmax tanker market and the quality of its fleet. The significant drop in the oil price has affected the tanker industry positively. Cashflow from operations was $51M, compared with $24.5M in 4Q14. For all of 2014, cashflow from operations was $77.7M compared with ($11.1M) in 2013. The strong level in Q1 is reflected in an average TCE rate of about $37,000 per vessel per day. The size of its fleet allows NAT to reap immediate and sizeable profits when spot market rates rise. The company said that the Q2 tanker market is encouraging. The purchase of two Suezmax newbuildings, due to be delivered in 2016 and 2017, will not require the additional raising of equity from the capital markets. In recent months the price of oil fell to the lowest levels seen in recent years. This has positively affected the tanker market through increased transportation requirements and lower fuel costs.
05:31 EDTNATNordic American Tankers reports Q1 EPS 34c, consensus 22c
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