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Last 6.60 NOK
Change Today +0.35 / 5.60%
Volume 176.6K
ODL On Other Exchanges
Symbol
Exchange
Berlin
As of 10:25 AM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

odfjell drilling ltd (ODL) Snapshot

Open
6.11 NOK
Previous Close
6.25 NOK
Day High
6.60 NOK
Day Low
6.02 NOK
52 Week High
07/7/14 - 35.00 NOK
52 Week Low
05/22/15 - 5.35 NOK
Market Cap
1.3B
Average Volume 10 Days
272.6K
EPS TTM
0.21 NOK
Shares Outstanding
200.0M
EX-Date
06/19/15
P/E TM
4.0x
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 Appoints Henry Hamilton as Director

Odfjell Drilling has appointed Henry Hamilton III as a Director. The effective date is June 18, 2015.

Statoil Awards Odfjell Drilling Two Contracts for Drilling Services on the Johan Sverdrup Field

Statoil has awarded Odfjell Drilling two contracts for drilling services on the Johan Sverdrup field. Odfjell Drilling is also awarded a four year contract to provide platform drilling services on the Johan Sverdrup Drilling Platform. The drilling services for the Johan Sverdrup field are covered by two contracts: Semisubmersible marine Drilling Services with Deepsea Atlantic with a firm contract period of three years plus 6x6 months options. Planned start-up of drilling operations is during March 2016. The contract value over the firm period is estimated to USD 330 million (NOK 2.56 billion). Estimated contract value of the optional periods is in the range of USD 370 million to USD 470 million (NOK 2.85 billion to NOK 3.65 billion); and Platform drilling services including assistance during the engineering, construction and commissioning phase of the field development project. The firm contact period is 4 years plus 6x1 year options. Drilling commencement is expected during the fourth quarter of 2018 and the estimated contract value is USD 240 million (NOK 1.85 billion) including the pre-drilling assistance and the optional periods.

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.

 

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ODL Competitors

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Company Last Change
Fred Olsen Energy ASA 56.15 NOK -1.80
North Atlantic Drilling Ltd $1.21 USD -0.08
Pacific Drilling SA $2.88 USD -0.10
Schlumberger AG €20.50 EUR 0.00
Seadrill Ltd 83.00 NOK +1.00
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Industry Analysis

ODL

Industry Average

Valuation ODL Industry Range
Price/Earnings 4.4x
Price/Sales 0.2x
Price/Book 0.1x
Price/Cash Flow 0.9x
TEV/Sales NM Not Meaningful
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