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Last 6.79 NOK
Change Today +0.15 / 2.26%
Volume 277.5K
ODL On Other Exchanges
Symbol
Exchange
Oslo
Berlin
As of 10:25 AM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

odfjell drilling ltd (ODL) Snapshot

Open
6.64 NOK
Previous Close
6.64 NOK
Day High
6.86 NOK
Day Low
6.51 NOK
52 Week High
06/6/14 - 35.50 NOK
52 Week Low
05/22/15 - 5.35 NOK
Market Cap
1.4B
Average Volume 10 Days
1.1M
EPS TTM
0.21 NOK
Shares Outstanding
200.0M
EX-Date
06/19/15
P/E TM
4.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for ODFJELL DRILLING LTD (ODL)

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odfjell drilling ltd (ODL) Details

Odfjell Drilling Ltd. provides offshore drilling and oil services for oil and gas companies worldwide. The company operates through three segments: Mobile Offshore Drilling Units, Drilling & Technology, and Well Services. It operates and manages semi-submersible rigs, drillships, jack-ups, and modular drilling units; and offers services, including project management and follow-up during construction, management of regulatory requirements, marketing and client relations, preparations for operation, and operations. The company also provides integrated drilling services, such as onshore support, production drilling and completion, well maintenance, facility maintenance planning, and project management for maintenance and modifications on oil and gas production facilities, as well as offers engineering, technology support, and project management services. In addition, it offers well services to the oil industry, including drill tool and tubular rental, tubular running services, and fishing and wellbore cleanup services. The company was founded in 1914 and is based in Hamilton, Bermuda. Odfjell Drilling Ltd. is a subsidiary of Odfjell Partners Ltd.

3,158 Employees
Last Reported Date: 05/22/15
Founded in 1914

odfjell drilling ltd (ODL) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $1.6M
Chief Financial Officer
Total Annual Compensation: $652.0K
Compensation as of Fiscal Year 2014.

odfjell drilling ltd (ODL) Key Developments

Odfjell Drilling Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Odfjell Drilling Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating revenue was USD 240 million against USD 273.5 million a year ago. Operating profit before depreciation (EBITDA) was USD 70.5 million against USD 74.56 million a year ago. Operating profit (EBIT) was USD 34.12 million against USD 36.68 million a year ago. Net profit before tax was USD 23.02 million against USD 26.9 million a year ago. Net profit was USD 17.74 million against USD 22.955 million a year ago. Diluted earnings per share were USD 0.09 against USD 0.12 a year ago. Net cash flow from operating activities amounted to USD 45.58 million against USD 55.24 million a year ago. Purchase of property, plant and equipment was USD 61.56 million against USD 36.33 million a year ago. Net interest bearing debt amounted to USD 1,534 million as on March 31, 2015 against USD 1,019 million as on March 31, 2014. The currency effect is having a negative impact on the operating revenue compared to the first quarter of 2014. The decrease in EBITDA is mainly explained by losses from joint ventures and lower activity in the well service segment. This is partly offset by a higher EBITDA in the MODU segment in the same period.

Odfjell Drilling Secures Deepsea Metro I Work in Vietnam

Odfjell Drilling secured new employment for Deepsea Metro I through signing a contract with VietGazprom in Vietnam. The area of operation is in blocks 130 and 131 offshore Vietnam. Contract commencement is expected to take place mid third quarter of 2015. The contract duration is approximately 20 weeks with an estimated contract value of USD 40 million. The contract also includes options for two well testing periods with an estimated duration of 90 days each.

Odfjell Drilling Ltd. Announces Audited Consolidated and Parent Earnings Results for the Year Ended December 31, 2014

Odfjell Drilling Ltd. announced audited consolidated and parent earnings results for the year ended December 31, 2014. For the year, the company reported operating revenue was USD 1,088 million against USD 1,174 million a year ago. Operating profit before depreciation (EBITDA) was USD 270 million against USD 393 million a year ago. Operating profit (EBIT) was USD 129 million against USD 248 million a year ago. Net profit before tax was USD 79 million against USD 171 million a year ago. Net profit was USD 42 million against USD 69 million a year ago. Net profit attributable to the owners of the parent was USD 42.46 million against USD 67.29 million a year ago. Diluted earnings per share were USD 0.21 against USD 0.34 a year ago. Cash flow from operating activities amounted to USD 240 million in 2014 against USD 245 million a year ago. The decrease was mainly due to changes in working capital. Purchase of property, plant and equipment was USD 690.998 million against USD 119.853 million a year ago. Net interest bearing debt amounted to USD 1,513 million against USD 1,071 million a year ago. Total operating income was USD 1,087.9 million against USD 1,173.6 million a year ago. The parent company reported a net profit of USD 214,923.46 million in 2014 against a net loss of USD 2,536.02 million a year ago. This result for 2014 primarily reflected a received dividend of USD 200 million from its subsidiaries and net interest income from subsidiaries of USD 11 million. Cash outflow from operating activities was USD 2 million against cash outflow of USD 1.5 million a year ago. The change mainly reflects the change in working capital from 2013 to 2014. Operating loss was USD 239.189 million against USD 2,391.77 million a year ago. Ordinary profit before tax was USD 214,923.463 million against loss of USD 2,536.023 million a year ago. Net cash flows used in operating activities was USD 2,386.591 million against USD 1,454.374 million a year ago.

 

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ODL Competitors

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Fred Olsen Energy ASA 61.25 NOK +1.95
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Industry Analysis

ODL

Industry Average

Valuation ODL Industry Range
Price/Earnings 4.7x
Price/Sales 0.2x
Price/Book 0.2x
Price/Cash Flow 1.0x
TEV/Sales NM Not Meaningful
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