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 38.83 NOK
Change Today +0.06 / 0.15%
Volume 39.9K
As of 4:09 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

fred olsen energy asa (FOE) Snapshot

Open
39.01 NOK
Previous Close
38.77 NOK
Day High
39.67 NOK
Day Low
38.69 NOK
52 Week High
08/19/14 - 154.40 NOK
52 Week Low
07/28/15 - 38.67 NOK
Market Cap
2.6B
Average Volume 10 Days
345.6K
EPS TTM
-2.57 NOK
Shares Outstanding
66.7M
EX-Date
05/28/15
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FRED OLSEN ENERGY ASA (FOE)

Related News

No related news articles were found.

fred olsen energy asa (FOE) Related Businessweek News

No Related Businessweek News Found

fred olsen energy asa (FOE) Details

Fred. Olsen Energy ASA, together with its subsidiaries, provides exploration and development services to the offshore oil and gas industry in Europe, Asia, the Americas, and Africa. 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.

1,595 Employees
Last Reported Date: 04/30/15
Founded in 1967

fred olsen energy asa (FOE) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $1.3M
Chief Financial Officer
Total Annual Compensation: $540.0K
Chief Executive Officer of Dolphin Drilling A...
Total Annual Compensation: $604.0K
Chief Executive Officer of Harland & Wolffgro...
Total Annual Compensation: $327.0K
Managing Director of Dolphin Drilling Ltd
Total Annual Compensation: $571.0K
Compensation as of Fiscal Year 2014.

fred olsen energy asa (FOE) Key Developments

Fred Olsen Energy ASA Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 2015; Reports Impairment Charges for the Second Quarter of 2015

Fred Olsen Energy ASA reported unaudited consolidated earnings results for the second quarter and six months ended June 2015. For the quarter, the company reported total revenues of $325.9 million compared to $283.9 million last quarter. EBITDA was $208.6 million compared to $157.3 million last quarter. LBIT was $304.5 million compared to EBIT of $66.2 million last quarter. Loss before income taxes was $322.7 million compared to profit of $74.9 million last quarter. Loss was $327.5 million or $4.94 per basic and diluted share compared to profit of $69.7 million or $0.10 per basic and diluted share last quarter. Net cash from operating activities was $181.1 million compared to $108.3 million a year ago. Net investment in fixed assets was $148.7 million compared to $157.0 million a year ago. For the six months, the company reported total revenues of $609.8 million compared to $551.1 million last quarter. EBITDA was $365.9 million compared to $208.6 million last quarter. LBIT was $238.3 million compared to EBIT of $58.2 million last quarter. Loss before income taxes was $247.8 million compared to profit of $40.8 million last quarter. Loss was $257.8 million or $3.89 per basic and diluted share compared to profit of $30.5 million or $0.45 per basic and diluted share a year ago. Net cash from operating activities was $289.5 million compared to $214.8 million a year ago. Net investment in fixed assets was $305.7 million compared to $676.4 million a year ago. The company reported impairment charge of $418.9 million in the second quarter of 2015. The impairment charge is due to a continuing weakening of the offshore drilling market.

Fred Olsen Energy ASA, Annual General Meeting, May 27, 2015

Fred Olsen Energy ASA, Annual General Meeting, May 27, 2015., at 14:00 Central European Standard Time. Location: Fred. Olsensgt. 2. Agenda: To consider the opening of the annual general meeting by the chairman of the board; to consider the election of chairman for the meeting and one shareholder to sign the minutes together with the chairman of the meeting and approval of the notice of the meeting and the agenda; to consider the directors report and the annual accounts for 2014; and to authorize the board of directors to increase the share capital of the company.

Fred Olsen Energy ASA Reports Unaudited Consolidated Group Earnings Results for the First Quarter Ended March 31, 2015

Fred Olsen Energy ASA reported unaudited consolidated group earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $283.9 million compared to $277.8 million a year ago. EBITDA was $157.3 million compared to $102 million a year ago. EBIT was $66.2 million compared to $39.4 million a year ago. Profit before income taxes was $74.9 million compared to $24.5 million a year ago. Profit attributable to shareholders was $69.6 million compared to $23.2 million a year ago. Net cash from operating activities was $108.3 million compared to $102.4 million a year ago. Net investment in fixed assets was $158.5 million compared to $495 million a year ago. Basic and diluted earnings per share were $1.05 against $0.35 a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FOE:NO 38.83 NOK +0.06

FOE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
North Atlantic Drilling Ltd $0.97 USD -0.02
Ocean Rig UDW Inc $3.99 USD +0.10
Odfjell Drilling Ltd 6.17 NOK +0.16
Odfjell SE 20.80 NOK -0.30
Pacific Drilling SA $2.18 USD +0.06
View Industry Companies
 

Industry Analysis

FOE

Industry Average

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

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FRED OLSEN ENERGY ASA, please visit www.fredolsen-energy.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.