Last 42.50 NOK
Change Today 0.00 / 0.00%
Volume 0.0
REM On Other Exchanges
Symbol
Exchange
Oslo
As of 10:25 AM 01/22/15 All times are local (Market data is delayed by at least 15 minutes).

rem offshore asa (REM) Snapshot

Open
42.50 NOK
Previous Close
42.50 NOK
Day High
42.50 NOK
Day Low
42.50 NOK
52 Week High
01/31/14 - 67.25 NOK
52 Week Low
01/22/15 - 42.50 NOK
Market Cap
863.5M
Average Volume 10 Days
297.8
EPS TTM
18.32 NOK
Shares Outstanding
20.3M
EX-Date
05/23/14
P/E TM
2.3x
Dividend
1.50 NOK
Dividend Yield
3.53%
Current Stock Chart for REM OFFSHORE ASA (REM)

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rem offshore asa (REM) Details

Rem Offshore ASA operates offshore vessels in Norway and internationally. The company offers a range of offshore ship services, such as freight and supply-related services, as well as tugging, anchorage, and other maintenance services related to oil fields. It operates supply and anchorage vessels. The company offers its services in the North Sea and the Mediterranean Sea areas, as well as in the Middle East and Australia. It serves oil companies, offshore service companies, and other similar companies. The company was founded in 1978 and is headquartered in Fosnavåg, Norway.

Founded in 1978

rem offshore asa (REM) Top Compensated Officers

Chief Executive Officer and Managing Director
Total Annual Compensation: 1.9M NOK
Chief Financial Officer
Total Annual Compensation: 1.4M NOK
Compensation as of Fiscal Year 2013.

rem offshore asa (REM) Key Developments

Rem Offshore ASA Enters into a Charter Agreement

Rem Offshore ASA has entered into a charter agreement with DeepOcean AS with the OCV vessel 'Rem Forza'. The charter agreement is for a duration of three years with another three yearly options. The-vessel is of MT 6022 design. In addition Micoperi SRL has exercised one option with the OCV-vessel 'Rem Pioneer', bringing the firm period to February 2016, with a further possibility to extend it for one more year.

Rem Offshore ASA Receives Notice of Termination from Karmorneftegaz SARL in Respect of the Kara Sea Contracts

Rem Offshore ASA has received notice of termination from Karmorneftegaz SARL in respect of the Kara Sea contracts for the PSV vessels "Rem Server" and "Rem Supporter". According to the contract, an early termination fee is payable. Rem Offshore ASA has entered into a charter agreement with ExxonMobil Exploration and Production Norge AS for the PSV vessels "Rem Server" and "Rem Supporter". The contracts has a firm duration until 1 June 2015 for the "Rem Server" and about 1 October 2015 for "Rem Supporter". In addition, the charter has option on further extensions.

Rem Offshore ASA Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Rem Offshore ASA reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of NOK 421,625,000 compared to NOK 287,696,000 a year ago. Operating profit was NOK 242,965,000 compared to NOK 136,601,000 a year ago. Profit before tax was NOK 164,101,000 compared to NOK 85,523,000 a year ago. Profit for the quarter was NOK 162,241,000 or NOK 7.10 per diluted share compared to NOK 85,586,000 or NOK 3.97 per diluted share a year ago. Cash flow from operating activities was NOK 146,210,000 compared to NOK 120,578,000 a year ago. Purchases of tangible fixed assets were NOK 13,113,000 compared to NOK 477,010,000 a year ago. For the nine months period, the company reported total revenues of NOK 1,020,246,000 compared to NOK 701,316,000 a year ago. Operating profit was NOK 518,699,000 compared to NOK 285,960,000 a year ago. Profit before tax was NOK 348,440,000 compared to NOK 135,471,000 a year ago. Profit for the period was NOK 345,394,000 or NOK 15.64 per diluted share compared to NOK 136,286,000 or NOK 6.26 per diluted share a year ago. Cash flow from operating activities was NOK 283,802,000 compared to NOK 184,773,000 a year ago. Purchases of tangible fixed assets were NOK 1,275,804,000 compared to NOK 559,857,000 a year ago.

 

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Industry Analysis

REM

Industry Average

Valuation REM Industry Range
Price/Earnings 1.9x
Price/Sales 0.6x
Price/Book 0.4x
Price/Cash Flow 1.4x
TEV/Sales NM Not Meaningful
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