Posts for Ticker ‘NAT’

Top10 Analyst Upgrades & Downgrades (ABB, APD, BP, BRCD, NAT, OSG, OVTI, TEVA, TRMB, WBS)

These are ten of the top analyst upgrades and downgrades that are independent of earnings news from Wall Street this Thursday morning:

ABB (ABB) Cut to Hold at Societe Generale.
Air Products (APD) Raised to Buy at Citigroup.
BP plc (BP) Raised to Buy at RBS.
Brocade Communications Systems (BRCD) Raised to Buy at Jefferies.
Nordic American Tanker (NAT) Cut to Sell at Cantor Fitzgerald.
Overseas Shipholding (OSG) Cut to Hold at Cantor Fitzgerald.
OmniVision (OVTI) Raised to Overweight at JPMorgan.
Teva (TEVA) Started as Buy at Jefferies.
Trimble Navigation (TRMB) Raised to Outperform at William Blair.
Webster Financial (WBS) Cut to Underperform at FBR.

JON C. OGG

Posted on: April 23, 2009 – 6:45 am in Analyst Calls, , , , , , , , , ,

Cramer Touting More Dividend Growers (PG, APD, NAT, MMM)

cramer-image2Jim Cramer’s featured list of stocks this week on CNBC’s MAD MONEY is on companies which have grown or will grow their dividends.  Tonight, Cramer touted Proctor & Gamble Co. (NYSE: PG) with a current yield of 3.4%.  Cramer said he normally wouldn’t back a defensive stock if we are close to a recovery, but the new money flow may debase the currency.  Cramer thinks P&G is a weak currency beneficiary and he thinks its pricing power can stick with its branding.  If this stock’s dividend safety sounds familiar, it is because P&G was one of our own big list of companies which we said would not cut its dividend.

On Monday evening, Cramer noted two others in detail: Air Products & Chemicals Inc. (NYSE: APD) and Nordic American Tanker (NYSE: NAT).

Also, we noted that 3M Co. (NYSE: MMM) is another stock which recently hiked its quarterly payout to holders.  3M shares are up over 20% from recent lows, and it is likely that the company would be one of the feature stocks Cramer discusses this week regarding dividend hikes.

Jon C. Ogg
March 24, 2009

Posted on: March 24, 2009 – 5:42 pm in Consumer Goods, Cramer, Dividend, , , ,

Cramer Touts Dividend Growers (APD, NAT, MMM, GE)

cramer-image1It looks like Jim Cramer is doing a new feature list of companies this week that may actually grow their dividends or that have boosted dividends.  On tonight’s MAD MONEY on CNBC, Cramer noted Air Products & Chemicals Inc. (NYSE: APD) as a gasses company that said it has growing conviction.  He noted that the company’s record date or his “must own date” is March 27, and he thinks that the higher dividend would come after that.  He noted that the earnings cover the dividend 2.2-times over.  It does have a currency problem, but it would be a great weak dollar play.

Cramer also brought on CEO Herbjorn Hansson of Nordic American Tanker (NYSE: NAT) to discuss whether the company’s earnings are strong and to speak about the dividend.  He said WE SHALL NOT CUT OUR DIVIDEND, but he did say the dividend will follow the market: “Higher market, higher dividend; lower market; lower dividend.”  Hansson also noted that he’d take advantage of acquisitions when he could, but acquisitions would be made if they increased the ability to pay out the dividend.  The CEO also noted that the recent secondary was not dilutive.  Cramer said this is the only tanker stock that he would endorse right now, although the dividend reasoning may be a bit “tied to the market” for the feature reference here in a classic sense.
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Posted on: March 23, 2009 – 6:08 pm in Cramer, Dividend, , , ,

Transportation Stocks Set To Double (CAL, ITWO, KSU, OSG, R)

money-stack-image34Over the past week 24/7 Wall St. has picked several stocks from major sectors that are likely to double off of their lows.  This group focuses on the transportation sector with the picks being Continental Airlines, Inc. (NYSE: CAL), i2 Technologies, Inc. (NASDAQ: ITWO), Kansas City Southern (NYSE: KSU), Overseas Shipholding Group Inc. (NYSE: OSG), and Ryder System, Inc. (NYSE: R).

We have more details on why we like these over peers, but there are several suppositions in our opinions here. The time frame is by the end of 2010, which is meant to coincide with some form of economic recovery next year.  A number of the credit and financial issues facing the markets will be in place for the near-term or longer.  The other assumption used for choosing the stocks is a market bottom of roughly 600 on the S&P 500.  Unfortunately, there is also the added risk of energy costs and now a new emissions “cap-and-trade” tax to consider.
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Posted on: March 17, 2009 – 4:45 am in Transports, Value Investing, , , , , , , , , , ,

Day Trader Alert (ANDS)(NAT)(DRYS)(ISRG)

Empire_2Nordic American Tanker Shipping Ltd. (NYSE: NAT) is getting hammered this morning on very active trading. details…

DryShips inc. (NASDAQ: DRYS) has little overlap in the sub-sector of shipping other than that it is shipping and it  does transport goods around the world.  DryShips is also one of the more volatile trading stocks out there in the sector.  details….

Intuitive Surgical, Inc. (NASDAQ: ISRG) is seeing its shares get pounded this morning.

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Posted on: January 8, 2009 – 9:43 am in Research, , , ,

Does Nordic American Tanker Really Need New Cash? (NAT)

Ship_image_suez_maxThere has been one shipping company which has been largely immune to the woes of the shipping sector and the global economy.  That is Nordic American Tanker Shipping Ltd. (NYSE: NAT). It has been making acquisitions when it can.  Its dividend is sky-high and management claims that its business model is safe. Yet, the company’s CEO has been conservative on his many CNBC appearances and in presentations to the financial community.  Jim Cramer has been a huge fan of the company.. So why did the company announce a 3 million share offering that would commence next week?

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Posted on: January 8, 2009 – 6:05 am in Mergers and Buy Outs, Secondary Offering, Transports,

Top Pre-Market Analyst Downgrades (ABX, COGT, GMR, GG, NEM, NAT, PRU, UBS, X, WOR)

These are some of the top pre-market analyst downgrades we have seen early this Monday morning:

  • Barrick (ABX) Cut to Neutral at UBS.
  • Cogent (COGT) Cut to Neutral at JPMorgan.
  • General Maritime (GMR) Cut to Neutral at JPMorgan.
  • Goldcorp (GG) Cut to Neutral at UBS.
  • Newmont (NEM) Cut to Neutral at UBS.
  • Nordic American Tanker (NAT) Cut to Underweight at JPMorgan.
  • Prudential (PRU) Cut to Marekt Perform at FBR.
  • UBS (UBS) Cut to Neutral at Merrill Lynch.
  • US Steel (X) Cut to Hold at Deutsche Bank.
  • Worthington (WOR) Cut to Underperform at CIBC.

Jon C. Ogg
December 22, 2008

Posted on: December 22, 2008 – 7:54 am in Analyst Calls, , , , , , , , , ,

Shipping Stocks Try To Find Safe Harbors (SFL, FRO, OSG, NAT, SB, SEA)

Cargo_ship_picIt is no secret that shipping stocks have been horrible performers of late.  In fact, they have made the dismal performance seen at some trucking companies look like trucking was a blue chip sector. 

A recent industry contact told us just how bad the shipping business has gotten.  A ship leased in May for a China departure was leased at more than 10-times the day rate that the same ship leased for in mid-October.  His comment was that it felt as though China was going to return to farming rather than building infrastructure and manufacturing facilities.

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Posted on: November 4, 2008 – 11:40 am in ETF, Trading Alert, Transports, , , , , ,

Early Bird Analyst Downgrades (ADCT, ACL, AMMD, BGH, CNB, CNW, ERTS, FCX, NAT, OSG, PCU, STM)

Down_arrow_redThese are some of the top analyst downgrades we are seeing from Wall Street firms this Thursday morning with more than two hours to the open:

  • ADC Telecommunications (ADCT) Cut to Underweight from Overweight at JPMorgan.
  • Alcon (ACL) Cut to Neutral from Overweight at JPMorgan.
  • American Medical Systems (AMMD) Cut to Market Weight at Thomas Weisel.
  • Buckeye Group Holdings LP (BGH) Cut to Neutral at Goldman Sachs.
  • Colonial Bancgroup Inc. (CNB) Cut to Neutral at JPMorgan.
  • Con-Way,Iinc (CNW) Cut to Neutral at Baird.
  • Electronic Arts (ERTS) Cut to Sell at S&P Equity Research.
  • Freeport-McMoRan (FCX) Cut to Neutral from Buy at Goldman Sachs.
  • Nordic American Tanker (NAT) Cut to Neutral at JPMorgan.
  • Overseas Shipholding (OSG) Cut to Neutral at JPMorgan.
  • Souhern Copper (PCU) Cut to Sell at Goldman Sachs.
  • STMicroelectronics (STM) Cut to Hold at S&P Equity Research.

Jon C. Ogg
October 23, 2008

Posted on: October 23, 2008 – 6:30 am in Analyst Calls, , , , , , , , , , , ,

Top Pre-Market Analyst Upgrades (AKS, BHI, IPI, NAT, PSYS, SGLP, SNN, SYNA, ULTA)

AKS, BHI, IPI, NAT, PSYS, SGLP, SNN, SYNA, ULTA
These are some of the top upgrades or positive analyst calls we are seeing this Wednesday morning in early pre-market hours:

  • AK Steel (AKS) Raised to Overweight at JPMorgan.
  • Baker Hughes (BHI) raised to Buy at UBS.
  • Intrepid Potash (IPI) Started as Outperform at BMO Capital.
  • Nordic American Tanker (NAT) Raised to Overweight at JPMorgan.
  • Psychiatric Solutions (PSYS) Started as Buy at Stanford Group.
  • Semgroup Energy (SGLP) Raised to Market Perform at Wachovia.
  • Smith & Nephew (SNN) Raised to Buy at Piper Jaffray.
  • Synaptics (SYNA) Raised to Outperform at Oppenheimer.
  • Ulta Salon (ULTA) Started as Outperform at Oppenheimer.

Jon C. Ogg
July 23, 2008

Posted on: July 23, 2008 – 6:33 am in Analyst Calls, , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ANN, ASH, SCHW, AMTD, COH, DHT, NAT, PHTN, WYNN, BK, LEH, GS, IVZ, STT)

These are not the only research calls this morning affecting stock, particularly as the world is focused on the fleecing that has occurred at Bear Stearns this morning.   But these are other brokerage firm calls for Monday morning:
Ann Taylor (NYSE: ANN) raised to Buy at Citigroup.
Ashland (NYSE: ASH) raised to Buy at Jefferies.
Charles Schwab (NASDAQ: SCHW) downgraded to Underperform at FBR.
Coach (NYSE: COH) downgraded to Hold at Citigroup.
Double Hull Tankers (NYSE: DHT) downgraded to Underweight at JP Morgan.
Nordic American Tanker (NYSE: NAT) raised to Neutral at JP Morgan.
Photon Dynamics (NASDAQ: PHTN) raised to Overweight at Lehman Brothers.
TD Ameritrade (NASDAQ: AMTD) downgraded to Neutral at UBS; downgraded to Market Perform at FBR.
Wynn Resorts (NASDAQ: WYNN) raised to Outperform at Bear Stearns.
UBS downgrades brokers and fiduciaries to Neutral: cuts Bank of New York (NYSE: BK), Lehman (NYSE: LEH), Goldman Sachs (NYSE: GS), InVesco (NYSE: IVZ), State Street (NYSE: STT).

Jon C. Ogg
March 17, 2008

Posted on: March 17, 2008 – 6:13 am in Analyst Calls, , , , , , , , , , , , , ,

Pre-Market Stock News (May 14, 2007)

(ACL) Alcan’s buyout bid by Alcoa is reportedly getting big interest from larger names such as Rio Tinto and others.
(BRLC) Syntax-Brillian filed to sell 25.6M shares, although the shelf was telegraphed with earnings last week.
(DCX) DaimlerChrysler is selling a majority stake in Chrysler to Cerberus Capital for $7.7 Billion; Chrysler will maintain 19.9% stake.
(FACT) First Albany is recapitalizing and will receive a $50M investment from Matlin Patterson.
(GE) GE’s NBC unit could or should merge with Yahoo! (YHOO) according to WSJ.
(GILT) Gilat Satellite $0.13 EPS vs $0.11e.
(INFT) Inforte gets a $4.25 cash buyout from Business & Decision.
(MMC) Marsh & McClennan announced $500M accelerated share buyback program.
(MRK) Merck received and FDA Approvable letter of its NDA for EMEND.
(MWA) Mueller Water names new CFO.
(MYL) Mylan Labs is acquiring Merck KGaA’s generic operations for about $6.7 Billion.
(NAT) Nordic American Tanker $0.85 EPS vs $0.83e.
(NAVR) Navarre is selling its independent music distribution business.
(PLXS) Plexus CFO retiring.
(QTWW) Quantum Fuel signed an agreement to acquire a 24.9% stake in a German solar company.
(SORC) Source Interlink to acquire PRIMEDIA’s Enthusiast Media unit for about $1.2 Billion.
(SYNF) Synergy Financial being acquired by New York Community Bancorp (NYB).
(TRMK) Trimark is paying $85M to acquire DATA RETURN from Saratoga Partners.
(ULBI) Ultralife Battery accepts modified order from last week lowered from $6.9M to $2.4M.
(USBE) US Bioenergy $0.08 EPS vs $0.21e.
(VAS) VIASYS being acquired by Cardinal Health (CAH) for $42.75.
(WMT) Wal-Mart is expanding electronics offerings and will include Skype equipment.

Jon C. Ogg
May 14, 2007

Posted on: May 14, 2007 – 6:35 am in Pre-Market Activity, , , , , , , , , , , , , ,