NAT is down -10% today despite strong earnings. Energy sector down broadly.

 Nordic American Tanker Shipping Ltd (NAT) is trading -10% lower at $2.435 today. While it's generally been a somewhat meh day for this part of the market, the company is lagging behind it's peers in the Energy sector.

NAT also reported earnings today:

-The company delivered earnings and revenue surprises of 66.67% and 18.80%, respectively, for the quarter ended June 2022.
-The company beat earnings estimates by $0.02 per share and revenue estimates by $4.57 million.

Nordic American Tanker Shipping Ltd has been trading between a 52-week high of $3.32 and a 52-week low of $1.38. The stock has a market cap of $471 Million.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

lucididdy777 - 3 upvotes - source
forget oil....take a look at nat gas chart. its been swinging 4-5% per day for about 2 weeks. absolutely out of control. By far the wlidest chart in commodities

2_Line_Pass - 3 upvotes - source
This is quite literally Russia's play for taking over Ukraine. They're trying to hold out until winter, knowing EU policymakers will be pushed to give in to Russian demands by causing sky high nat gas and electricity prices during winter.

commieconfidential - 1 upvotes - source
Germany announced that its nat gas reserves are filling up faster than expected.

Magic8Balling - 1 upvotes - source
Continued Nat Gas presure headed into the winter season (part if this is related to Russia/EU). As for strikes, I’m going 5 wide somewhere 99 -105 for the low strike. Actuals will depend upon what I can get at a good price. I’m not throwing huge size. Legging 3 lots up to max pos of 10. I’d rather be diversified (not YOLOing everything into 1 or 2 instruments). Currently have positions across about 20 underlyings. Ebergy I’m playing GUSH (and now BOIL). Think I missed the boat on Uranium. Thoughts on that?