Last 3.35 NOK
Change Today +0.01 / 0.30%
Volume 12.9K
NOF On Other Exchanges
Symbol
Exchange
Berlin
OTC US
Oslo
OTC US
As of 5:05 AM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

northern offshore ltd (NOF) Snapshot

Open
3.40 NOK
Previous Close
3.34 NOK
Day High
3.40 NOK
Day Low
3.34 NOK
52 Week High
08/28/14 - 12.55 NOK
52 Week Low
01/20/15 - 3.00 NOK
Market Cap
553.7M
Average Volume 10 Days
97.3K
EPS TTM
0.13 NOK
Shares Outstanding
165.3M
EX-Date
11/27/14
P/E TM
3.4x
Dividend
0.18 NOK
Dividend Yield
37.53%
Current Stock Chart for NORTHERN OFFSHORE LTD (NOF)

Related News

No related news articles were found.

northern offshore ltd (NOF) Related Businessweek News

No Related Businessweek News Found

northern offshore ltd (NOF) Details

Northern Offshore Ltd. provides contract drilling equipment and operating services for offshore oil and gas companies. It owns and operates one floating production facility, one semisubmersible drilling rig, one drillship, and two jackup drilling rigs. The company’s fleet operates in various markets, including the North Sea, the Indian Ocean, Southeast Asia, and West Africa. Northern Offshore Ltd. was founded in 2000 and is based in Hamilton, Bermuda.

350 Employees
Last Reported Date: 04/26/14
Founded in 2000

northern offshore ltd (NOF) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $1.0M
Senior Vice President of Operations
Total Annual Compensation: $555.0K
Senior Vice President of Marketing and Busine...
Total Annual Compensation: $555.0K
Compensation as of Fiscal Year 2013.

northern offshore ltd (NOF) Key Developments

Northern Offshore Ltd Declares Dividend, Payable on or Around December 15, 2014; Announces Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014

Northern Offshore Ltd.'s directors have declared a dividend of USD 0.05 per share, or approximately USD 8.0 million. Shareholders of record with the VPS on November 28, 2014 will be entitled to receive the dividend, which will be paid on or around December 15, 2014. The shares of the Company will be trading ex-dividend from November 26, 2014. The company announced unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of USD 55,531,000 compared to USD 42,556,000 for the same period of last year. Operating income was USD 11,799,000 compared to USD 3,734,000 for the same period of last year. Income before taxes was USD 10,749,000 compared to USD 2,447,000 for the same period of last year. Net income was USD 9,282,000 compared to USD 2,677,000 for the same period of last year. Basic and diluted earnings per share were USD 0.06 compared to USD 0.01 for the same period of last year. Adjusted EBITDA was USD 20,095,000 against USD 11,770,000 a year ago. For the nine months, revenues were USD 168,518,000 compared to USD 128,086,000 for the same period of last year. Operating income was USD 30,434,000 compared to USD 10,006,000 for the same period of last year. Income before taxes was USD 28,529,000 compared to USD 7,113,000 for the same period of last year. Net income was USD 24,472,000 compared to USD 5,400,000 for the same period of last year. Basic and diluted earnings per share were USD 0.15 compared to USD 0.03 for the same period of last year. Net cash provided by operating activities was USD 34,302,000 against USD 39,652,000 a year ago. Capital expenditures - existing fleet were USD 6,566,000 against USD 5,014,000 a year ago. Capital expenditures - newbuild jackups were USD 18,646,000. Adjusted EBITDA was USD 55,456,000 against USD 33,807,000 a year ago. For the quarter, the company reported total average rig utilization was 81% against 58% a year ago. Total drilling operating days was 294 against 215 a year ago. Average revenue per day was 158,730 against 149,467 a year ago. For floating production facility, day in period was 91 against 92 a year ago. Production days were 91 against 92 a year ago. Average bpd was 15,973 against 18,643 a year ago. For the nine months, the company reported total average rig utilization was 85% against 68% a year ago. Total drilling operating days was 932 against 743 a year ago. For floating production facility, day in period was 273 against 273 a year ago. Production days were 273 against 273 a year ago. Average bpd was 15,452 against 18,676 a year ago.

Northern Offshore Ltd Declares Dividend, Payable on or Around September 15, 2014; Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Northern Offshore Ltd. directors have declared a dividend of $0.05 per share, or approximately $8.2 million. Shareholders of record with the VPS on August 29, 2014 will be entitled to receive the dividend, which will be paid on or around September 15, 2014. The shares of the company will be trading ex-dividend from August 27, 2014. The company reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $9.3 million or $0.06 per diluted share, on revenues of $55.5 million compared to net income of $1.7 million or $0.01 per diluted share, on revenues of $44.1 million for the last year. The company generated $20.1 million of second quarter adjusted EBITDA compared to $12.7 million in last year. The company reported operating income of $11.8 million compared to $4.9 million and income before taxes of $11.7 million compared to $3.3 million for the last year. For the six months, net income was $19.3 million, or $0.12 per diluted share. For the same period in the prior year, net income was $2.7 million, or $0.02 per diluted share. Revenues for the first six months of 2014 were $105.0 million, compared to $85.5 million for the same period in 2013. The company reported operating income of $23.8 million compared to $6.3 million, income before taxes of $22.2 million compared to $4.7 million, net cash provided by operating activities of $23.4 million compared to $15.7 million, capital expenditures - existing fleet of $4.3 million compared to $3.3 million, capital expenditures – new build jack ups of $18.4 million and adjusted EBITDA of $40.4 million compared to $22.0 million for the last year.

Northern Offshore, Ltd. Finalizes 2 ½ Year Contract with Rosneft Oil Company

Northern Offshore Ltd. announced that the company has finalized a 2 ½ year contract with Rosneft Oil Company, in conjunction with North Atlantic Drilling Ltd., for the provision of the jackup drilling rig Energy Endeavour. According to the agreement, any break rights expire after 100 days, after which the contract will commence in direct continuation upon the release of the rig by the current client. The company estimates the contract value to be in excess of $150 million, exclusive of any mobilization fees.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
NOF:NO 3.35 NOK +0.01

NOF Competitors

Market data is delayed at least 15 minutes.

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

Industry Analysis

NOF

Industry Average

Valuation NOF Industry Range
Price/Earnings 2.3x
Price/Sales 0.3x
Price/Book 0.3x
Price/Cash Flow 1.1x
TEV/Sales 0.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact NORTHERN OFFSHORE LTD, please visit www.northernoffshorelimited.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.