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Last 33.40 NOK
Change Today -1.60 / -4.57%
Volume 21.5K
As of 10:25 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

farstad shipping (FAR) Snapshot

Open
34.30 NOK
Previous Close
35.00 NOK
Day High
34.30 NOK
Day Low
33.10 NOK
52 Week High
05/27/14 - 120.00 NOK
52 Week Low
03/25/15 - 31.40 NOK
Market Cap
1.3B
Average Volume 10 Days
14.4K
EPS TTM
-10.05 NOK
Shares Outstanding
39.0M
EX-Date
05/13/15
P/E TM
--
Dividend
3.00 NOK
Dividend Yield
8.98%
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 vessels for operations at depths, as well as for installation and maintenance of the seabed facilities. As of March 26, 2015, it operated a fleet of 62 vessels, including 31 AHTS, 26 PSV, and 5 SUBSEA. The company has operations in the markets of North-West Europe, Brazil, and Asia. Farstad Shipping ASA was founded in 1956 and is headquartered in Ålesund, Norway.

2,200 Employees
Last Reported Date: 05/12/15
Founded in 1956

farstad shipping (FAR) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

farstad shipping (FAR) Key Developments

Farstad Shipping ASA Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Farstad Shipping ASA announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, total operating income was NOK 1,063.107 million against NOK 1,009.671 million a year ago. Operating profit before depreciation (EBITDA) was NOK 366.153 million against NOK 370.644 million a year ago. Operating profit (EBIT) was NOK 125.647 million against NOK 192.722 million a year ago. Pre-tax loss was NOK 296.138 million against pre-tax profit of NOK 77.234 million a year ago. Loss was NOK 304.223 million or NOK 7.80 per diluted share against profit of NOK 79.548 million or NOK 2.04 per diluted share a year ago. Cash flow from operating activity was NOK 263.182 million or NOK 5.41 per share against NOK 257.284 million or NOK 6.25 per share a year ago. Investment in fixed assets and contracts newbuilds was NOK 905.366 million against NOK 673.663 million a year ago.

Farstad Shipping ASA Announces Changes in Corporate Management

Farstad Shipping ASA made changes in Corporate Management. Finn Amund Norbye should commence the position as Chief Commercial Officer in Farstad Shipping in April. However, Norbye has decided to decline the offer. In February 2015 it was announced that former CEO in Deep Sea Supply, Finn Amund Norbye, had accepted an offer from Farstad Shipping. Norbye was supposed to start as Chief Commercial Officer in April.

Farstad Shipping ASA Proposes Dividend for 2014 Payable May 27, 2015

The Board of Farstad Shipping ASA will propose a dividend for 2014 of NOK 3.00 per share to the Annual General Meeting on 12 May 2015. It will also be proposed that the above mentioned authorisations are renewed. Dividends are expected to be paid on 27 May 2015.

 

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FAR:NO 33.40 NOK -1.60

FAR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Gulfmark Offshore Inc $14.40 USD -0.09
PHI Inc $34.35 USD +0.85
Solstad Offshore ASA 46.40 NOK -1.60
Ultrapetrol Bahamas Ltd $1.27 USD -0.03
Viking Supply Ships AB €0.63 EUR +0.006
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 3.4x
TEV/Sales NM Not Meaningful
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