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Last 188.00 NGN
Change Today 0.00 / 0.00%
Volume 62.8K
FO On Other Exchanges
As of 9:30 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

forte oil plc (FO) Snapshot

Previous Close
Day High
Day Low
52 Week High
04/2/15 - 215.00
52 Week Low
11/10/14 - 141.67
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for FORTE OIL PLC (FO)

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forte oil plc (FO) Details

Forte Oil Plc, together with its subsidiaries, markets refined petroleum products for automobiles and machines. It operates through Fuels, Production Chemicals, Lubricants and Greases, and Power Generation segments. The company procures and markets motor spirits, automotive diesel oils, dual purpose kerosene, fuel oils, and Jet A-1 aviation fuels; manufactures and sells various automotive and industrial lubricants; and imports various industrial, organic, and petrochemicals, such as ketones, alcohol, pure aromatic solvents, plasticizers, water treatment, and foam chemicals. It is also involved in the provision of aircraft refueling and defueling services; aviation fuel delivery services; and ownership and operation of aviation fuel storage facilities, as well as in insecticide, liquefied petroleum gas, and bitumen businesses. In addition, the company manufactures and sells production chemicals and greases; supplies well production chemicals and drilling/completion fluids to the upstream sector of the oil and gas industry; and generates electricity through 414MW Geregu power plant located in Kogi State of Nigeria. It operates approximately 500 company owned, dealer-assisted, and dealer-developed retail outlets in Nigeria; and 8 retail outlets in Ghana under the trade name of AP Oil and Gas Ghana Limited, as well as sells petroleum products to marine sector, business concerns, government agencies, and multilateral organizations. The company was formerly known as African Petroleum Plc and changed its name to Forte Oil Plc in December 2010. Forte Oil Plc was incorporated in 1964 and is headquartered in Lagos, Nigeria.

223 Employees
Last Reported Date: 02/24/15
Founded in 1964

forte oil plc (FO) Top Compensated Officers

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

Executives, Board Directors

forte oil plc (FO) Key Developments

Forte Oil Plc expected to report Q2 2015 results on August 2, 2015. This event was calculated by Capital IQ (Created on July 27, 2015).

Forte Oil Plc expected to report Q2 2015 results on August 2, 2015. This event was calculated by Capital IQ (Created on July 27, 2015).

Forte Oil Seeks Acquisitions

Forte Oil Plc (NGSE:FO) is looking for acquisitions. Looking at the future of the company, the Group Chief Executive Officer of Forte Oil, Mr. Akin Akinfemiwa, said the management was confident the company is on the right path to becoming Nigeria's foremost integrated solutions provider with the unveiling of its five-year growth and consolidation strategy. He said, "Our quest to dominate the downstream petroleum sector in Nigeria and by extension Africa remains a key aspect of our consolidation strategy. We are currently pursuing opportunities for mergers and acquisitions in a bid to drive volume, revenues and ultimately maximize profits for shareholders."

Forte Oil plc Reports Audited Earnings Results for the Twelvemonth Period Ended December 31, 2014

Forte Oil Plc reported audited earnings results for the twelvemonth period ended December 31, 2014. For the period, the company reported revenue increased by 32.88% to NGN 170.13 billion compared to NGN 128.03 billion recorded same period in 2013. Operating profit increased by 30% to NGN 8.14 billion compared to NGN 6.27 billion recorded same period in 2013. Profit before-Tax of NGN 6.01 billion recording a 7.94 % decrease compared to NGN 6.52 billion same periods in 2013.


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Industry Average

Valuation FO Industry Range
Price/Earnings 59.0x
Price/Sales 2.0x
Price/Book 25.4x
Price/Cash Flow 63.5x
TEV/Sales 1.1x

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