Last 64.05 NOK
Change Today -2.40 / -3.61%
Volume 266.6K
FOE On Other Exchanges
Symbol
Exchange
Oslo
OTC US
OTC US
Stockholm
Frankfurt
As of 10:25 AM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

fred olsen energy asa (FOE) Snapshot

Open
66.00 NOK
Previous Close
66.45 NOK
Day High
66.45 NOK
Day Low
64.00 NOK
52 Week High
01/31/14 - 221.29 NOK
52 Week Low
12/16/14 - 51.35 NOK
Market Cap
4.3B
Average Volume 10 Days
436.7K
EPS TTM
6.04 NOK
Shares Outstanding
66.7M
EX-Date
05/28/14
P/E TM
10.6x
Dividend
10.00 NOK
Dividend Yield
31.23%
Current Stock Chart for FRED OLSEN ENERGY ASA (FOE)

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fred olsen energy asa (FOE) Details

Fred. Olsen Energy ASA, together with it subsidiaries, provides exploration and development services to the offshore oil and gas industry in Norway, the United Kingdom, Singapore, South Africa, Mozambique, and Brazil. It operates through two segments, Offshore Drilling, and Engineering and Fabrication. The company offers offshore drilling services to the offshore oil and gas industry; and engineering, fabrication, ship building, and repair services for various offshore and onshore industries. It operates three deepwater units and five mid-water semi-submersible drilling rigs, as well as one tender support vessel and one accommodation unit. The company was founded in 1967 and is headquartered in Oslo, Norway.

1,619 Employees
Last Reported Date: 04/30/14
Founded in 1967

fred olsen energy asa (FOE) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 7.0M NOK
Chief Financial Officer
Total Annual Compensation: 3.1M NOK
Chief Executive Officer of Dolphin Drilling A...
Total Annual Compensation: 3.6M NOK
Chief Executive Officer of Harland & Wolffgro...
Total Annual Compensation: 2.2M NOK
Managing Director of Dolphin Drilling Pte Ltd
Total Annual Compensation: 4.8M NOK
Compensation as of Fiscal Year 2013.

fred olsen energy asa (FOE) Key Developments

Fred Olsen Energy ASA Announces Unaudited Group Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairments for the Third Quarter Ended September 30, 2014

Fred Olsen Energy ASA announced unaudited group earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating Revenue was USD 310.0 million against USD 293.8 million a year ago. Total revenues were USD 335.4 million against USD 307.1 million a year ago. EBITDA was USD 150.5 million against USD 155.1 million a year ago. EBIT was USD 15.4 million against USD 94.8 million a year ago. Profit before income taxes was USD 3.6 million against USD 87.9 million a year ago. Loss attributable to shareholders was USD 8.1 million against profit of USD 84.7 million a year ago. Diluted loss per share was USD 0.12 against profit of USD 1.28 a year ago. The increase in revenues within the offshore drilling division is mainly due to Blackford Dolphin and Bideford Dolphin resuming operations after yard-stay and a full operational quarter for Bolette Dolphin, partly offset by 20 days downtime for Blackford Dolphin in the quarter mainly due to repair of subsea equipment. For the nine months, the company reported operating Revenue was USD 826 million against USD 860.3 million a year ago. Total revenues were USD 886.5 million against USD 896.4 million a year ago. EBITDA was USD 359.1 million against USD 456 million a year ago. EBIT was USD 73.6 million against USD 273.8 million a year ago. Profit before income taxes was USD 44.4 million against USD 266.1 million a year ago. Profit attributable to shareholders was USD 21.8 million against profit of USD 254.8 million a year ago. Diluted earnings per share were USD 0.33 against profit of USD 3.85 a year ago. Net cash from operating activities was USD 235.6 million against USD 363.0 million a year ago. Net investment in fixed assets was USD 810.3 million against USD 149.4 million a year ago. The company reported depreciation and impairment amounted to USD 135.1 million, including an non-cash impairment charge of Borgny Dolphin of USD 42.7 million against USD 87.8 million in prior year. The impairment is a result of the rig being idle and cold stacked at Harland & Wolff in Belfast.

Fred Olsen Energy ASA Reports Unaudited Group Earnings Results for the Second Quarter and First Half Year Ended June 30, 2014

Fred Olsen Energy ASA reported unaudited group earnings results for the second quarter and first half year ended June 30. 2014. For the quarter, the company reported operating revenues of $256.8 million against $293.7 million a year ago. Total revenues were $273.3 million against $306.7 million a year ago. EBITDA was $106.6 million against $160.2 million a year ago. Operating profit was $18.8 million against $99.5 million a year ago. Profit before income taxes was $16.3 million against $100.0 million a year ago. Profit for the period attributable to shareholders was $6.7 million against $96.1 million a year ago. Diluted earnings per share were $0.10 against $1.45 a year ago. Net cash flow from operating activities was $112.4 million against $102.4 reported in previous quarter. Net investment in fixed assets was $181.4 million against $495.0 reported in previous quarter. For the first half year, the company reported operating revenues of $516.0 million against $566.5 million a year ago. Total revenues were $551.1 million against $589.3 million a year ago. EBITDA was $208.6 million against $300.9 million a year ago. Operating profit was $58.2 million against $179.0 million a year ago. Profit before income taxes was $40.8 million against $178.2 million a year ago. Profit for the period attributable to shareholders was $29.9 million against $169.9 million a year ago. Diluted earnings per share were $0.45 against $2.56 a year ago. Net cash from operating activities was $214.8 million against $222.9 million a year ago. Net investment in fixed assets was $676.4 million against $104.8 million a year ago.

Fred. Olsen Energy ASA Announces Refinancing of Credit Facility

Fred. Olsen Energy ASA has signed a new six year bank credit facility of up to USD 2.000 million. The credit facility will be used to repay existing bank loan, full-finance the newbuild Bollsta Dolphin and for general corporate purposes. The facility is provided by a group of international banks and GIEK/Eksportkreditt; with Nordea, ING, ABN Amro, Danske Bank, DNB, Handelsbanken, SEB and Swedbank as Mandated Lead Arrangers.

 

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FOE Competitors

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Industry Analysis

FOE

Industry Average

Valuation FOE Industry Range
Price/Earnings 96.0x
Price/Sales 3.3x
Price/Book 2.9x
Price/Cash Flow 11.4x
TEV/Sales 1.8x
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