Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last 177.10 NGN
Change Today +0.10 / 0.06%
Volume 168.3K
FO On Other Exchanges
Symbol
Exchange
Lagos
As of 9:30 AM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

forte oil plc (FO) Snapshot

Open
177.65
Previous Close
177.00
Day High
178.00
Day Low
177.00
52 Week High
06/3/14 - 216.62
52 Week Low
05/12/14 - 117.50
Market Cap
230.7B
Average Volume 10 Days
132.6K
EPS TTM
1.43
Shares Outstanding
1.3B
EX-Date
04/1/15
P/E TM
124.3x
Dividend
2.08
Dividend Yield
1.18%
Current Stock Chart for FORTE OIL PLC (FO)

Related News

No related news articles were found.

forte oil plc (FO) Related Businessweek News

No Related Businessweek News Found

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 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.

Forte Oil Begins Discussions On Possible Acquisition

Forte Oil Plc (NGSE:FO) has begun initial discussions with a downstream company with the intention to acquire the assets of the said company. Discussions on the proposed acquisition is still in its infancy, but this announcement on this possible transaction is in the interest of full disclosure and ensuring that as a company, Forte Oil Plc adheres to the highest corporate governance practices and procedures.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FO:NL 177.10 NGN +0.10

FO Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for FO.
View Industry Companies
 

Industry Analysis

FO

Industry Average

Valuation FO Industry Range
Price/Earnings 59.7x
Price/Sales 1.4x
Price/Book 18.4x
Price/Cash Flow 56.2x
TEV/Sales 0.9x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FORTE OIL PLC, please visit www.forteoilplc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.