Last 38.60 NOK
Change Today 0.00 / 0.00%
Volume 51.8K
As of 10:25 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

farstad shipping (FAR) Snapshot

Open
38.60 NOK
Previous Close
38.60 NOK
Day High
38.80 NOK
Day Low
38.00 NOK
52 Week High
03/7/14 - 129.00 NOK
52 Week Low
01/29/15 - 34.20 NOK
Market Cap
1.5B
Average Volume 10 Days
46.9K
EPS TTM
-0.21 NOK
Shares Outstanding
39.0M
EX-Date
05/13/15
P/E TM
--
Dividend
3.00 NOK
Dividend Yield
7.77%
Current Stock Chart for FARSTAD SHIPPING (FAR)

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farstad shipping (FAR) Details

Farstad Shipping ASA supplies offshore service vessels to the international oil and gas industry worldwide. The company has a fleet of vessels, such as anchor handling tug supply vessels (AHTS), which provide anchor handling and towing services for offshore platforms, barges, and production modules/vessels; platform supply vessels (PSV) for transporting supplies and equipment to and from offshore installations; and subsea construction and support vessels (SUBSEA) for operations at depths, as well as for installation and maintenance of the seabed facilities. As of December 31, 2013, it operated a fleet of 59 vessels, including 30 AHTS, 26 PSV, and 3 SUBSEA. The company has operations in the markets of North-West Europe, Brazil, and Indian Pacific. Farstad Shipping ASA was founded in 1956 and is headquartered in Ålesund, Norway.

2,200 Employees
Last Reported Date: 02/24/15
Founded in 1956

farstad shipping (FAR) Top Compensated Officers

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Executives, Board Directors

farstad shipping (FAR) Key Developments

Farstad Shipping ASA Reports Earnings Results for the Fourth Quarter and Full Year of 2014; Proposes Dividend for the Year of 2014

Farstad Shipping ASA reported earnings results for the fourth quarter and full year of 2014. For the quarter, the company achieved an operating income of NOK 1,111.7 million. The operating profit (EBIT) was NOK 102.8 million. The profit after taxes was negative NOK 225.8 million. For the year, the company reported operating income of NOK 4,384.0 million. The operating profit (EBIT) was NOK 785.3 million. The profit after taxes was negative NOK 8.3 million. The board will propose a dividend of NOK 3.00 per share for 2014.

Farstad Shipping ASA Signs a Letter of Intent with Technip Regarding Utilization of the Subsea Vessel Far tbn Sleipner

Farstad Shipping ASA has signed a Letter of Intent with Technip regarding utilization of the subsea vessel Far tbn Sleipner (2015, Vard 3 07) which is under construction at Vard Langsten. The Agreement secures the subsea vessel a utilization of 11 months, divided into two fixed periods. Including mobilization and demobilization, Technip can use the vessel for up to 16 months. Delivery of the vessel from the yard is expected to take place in March/April 2015, and preparations for the contract will then start immediately. The contract is based on market terms. The commercial terms of the agreement with Technip will be kept private and confidential between the parties.

Farstad Shipping ASA, Q4 2014 Earnings Call, Feb 25, 2015

Farstad Shipping ASA, Q4 2014 Earnings Call, Feb 25, 2015

 

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FAR Competitors

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Company Last Change
Gulfmark Offshore Inc $16.44 USD +0.23
Hornbeck Offshore Services Inc $20.86 USD +0.79
Rederi AB Transatlantic kr4.48 SEK -0.02
Solstad Offshore ASA 57.00 NOK -1.50
Ultrapetrol Bahamas Ltd $1.67 USD -0.04
View Industry Companies
 

Industry Analysis

FAR

Industry Average

Valuation FAR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.2x
Price/Cash Flow 1.7x
TEV/Sales NM Not Meaningful
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