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Last €1.91 EUR
Change Today -0.053 / -2.70%
Volume 0.0
FRJ On Other Exchanges
Symbol
Exchange
Stuttgart
As of 1:36 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

farstad shipping (FRJ) Snapshot

Open
€1.87
Previous Close
€1.96
Day High
€1.97
Day Low
€1.87
52 Week High
09/2/14 - €12.25
52 Week Low
08/26/15 - €1.79
Market Cap
74.5M
Average Volume 10 Days
340.0
EPS TTM
--
Shares Outstanding
39.0M
EX-Date
05/13/15
P/E TM
--
Dividend
€3.33
Dividend Yield
18.74%
Current Stock Chart for FARSTAD SHIPPING (FRJ)

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farstad shipping (FRJ) 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.

2,100 Employees
Last Reported Date: 08/20/15
Founded in 1956

farstad shipping (FRJ) Top Compensated Officers

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

Executives, Board Directors

farstad shipping (FRJ) Key Developments

Farstad Shipping ASA Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairments for the Second Quarter Ended June 30, 2015

Farstad Shipping ASA reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total operating income of NOK 1,038.790 million compared to NOK 1,050.644 million a year ago. EBITDA was NOK 364.844 million compared to NOK 367.729 million a year ago. LBIT was NOK 31.018 million compared to EBIT of NOK 178.581 million a year ago. Pre-tax loss was NOK 110.888 million compared to pre-tax profit of NOK 178.581 million a year ago. Loss was NOK 119.548 million or NOK 3.07 per diluted share compared to profit of NOK 46.691 million or NOK 1.20 per diluted share a year ago. Cash flow from operating activity was NOK 349.800 million compared to NOK 228.307 million a year ago. Investment in fixed assets and contracts newbuilds was NOK 94.171 million compared to NOK 652.670 million a year ago. For the six months, the company reported total operating income of NOK 2,101.897 million compared to NOK 2,060.315 million a year ago. EBITDA was NOK 730.997 million compared to NOK 738.373 million a year ago. EBIT was NOK 94.629 million compared to NOK 371.303 million a year ago. Pre-tax loss was NOK 407.026 million compared to pre-tax profit of NOK 128.612 million a year ago. Loss was NOK 423.771 million or NOK 10.87 per diluted share compared to profit of NOK 126.239 million or NOK 3.24 per diluted share a year ago. Cash flow from operating activity was NOK 612.982 million compared to NOK 485.591 million a year ago. Investment in fixed assets and contracts newbuilds was NOK 999.537 million compared to NOK 1,326.333 million a year ago. For the second quarter ended June 30, 2015, the company reported impairments of NOK 170 million.

Farstad Shipping ASA, Q2 2015 Earnings Call, Aug 21, 2015

Farstad Shipping ASA, Q2 2015 Earnings Call, Aug 21, 2015

Farstad Shipping ASA Wins Charter Contracts

QUEIROZ GALVAO EXPLORACAO E PRODUCAO S.A. has awarded a 2 year contract to the AHTS Far Sagaris (2009, UT 731 CD, 23,664 BHP) to support their drilling program in Brazil. Commencement of the contract will take place between December 2015 and January 2016. Charterer has the option to extend the contract up to 2 additional years. The vessel is presently in layup in Norway and will have some additional equipment installed before she will be departing for Brazil. Saipem SA has awarded the CSV Far Samson (2009, UT 761 CD, 32,640 BHP /250 t Crane) a contract of 9 months duration to support their activity in Brazil. Commencement of the contract will take place during Third Quarter 2015. Furthermore, Saipem has awarded the Far Samson a 1 year contract from October 2016 with a further 2 x 1 year option. An international oil company has awarded a contract to the PSV Far Spica (2013, PSV 08 CD, 4,000 DWT) to support their activity on the UK shelf. Commencement will take place in August 2015, and duration of the contract will be 14 months with a further 6 x 1 month option. The vessel has been laid up in Norway since early May. PSV Far Solitaire (2012, UT 754 WP, 6,336 DWT) has been awarded a contract by an international oil company for operation on the Norwegian Continental Shelf. Commencement is expected to be in September/October 2015, and the firm period is until 15 December 2016. The charterer has the option to extend the contract with in total 2 additional years. Total value of the contracts, excluding options, is approximately NOK 600 million.

 

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FRJ Competitors

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Company Last Change
Gulfmark Offshore Inc $8.28 USD +0.78
PHI Inc $26.52 USD +1.52
Solstad Offshore ASA 25.00 NOK 0.00
Ultrapetrol Bahamas Ltd $0.52 USD -0.005
Viking Supply Ships AB €0.53 EUR +0.023
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Industry Analysis

FRJ

Industry Average

Valuation FRJ Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 0.1x
Price/Cash Flow 2.3x
TEV/Sales NM Not Meaningful
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