Last 45.50 NOK
Change Today 0.00 / 0.00%
Volume 0.0
REM On Other Exchanges
Symbol
Exchange
Oslo
As of 10:25 AM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

rem offshore asa (REM) Snapshot

Open
45.50 NOK
Previous Close
45.50 NOK
Day High
45.50 NOK
Day Low
45.50 NOK
52 Week High
08/21/14 - 66.50 NOK
52 Week Low
01/22/15 - 42.50 NOK
Market Cap
924.5M
Average Volume 10 Days
350.0
EPS TTM
16.14 NOK
Shares Outstanding
20.3M
EX-Date
05/23/14
P/E TM
2.8x
Dividend
1.50 NOK
Dividend Yield
3.30%
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 Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Rem Offshore ASA announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of NOK 392,549,000 compared NOK 268,755,000 a year ago. Operating profit was NOK 202,914,000 compared to NOK 106,281,000 a year ago. Profit before tax was NOK 25,437,000 compared to NOK 53,454,000 a year ago. Profit for the period was NOK 25,419,000 compared to NOK 53,424,000 a year ago. Earnings per diluted share was NOK 0.47 compared to NOK 2.65 a year ago. Cash flow from operating activities was NOK 206,428,000 compared to NOK 146,028,000 a year ago. Purchases of tangible fixed assets was NOK 31,201,000 compared to NOK 35,280,000 a year ago. EBITDA was NOK 240,309,000. EBIT was NOK 202,914,000. Return on equity was 1.1% compared to 2.7% a year ago. For the year, the company reported total revenues of NOK 1,412,770,000 compared NOK 970,071,000 a year ago. Operating profit was NOK 721,520,000 compared to NOK 392,240,000 a year ago. Profit before tax was NOK 373,785,000 compared to NOK 188,923,000 a year ago. Profit for the year was NOK 370,721,000 compared to NOK 189,708,000 a year ago. Earnings per diluted share was NOK 16.10 compared to NOK 8.71 a year ago. Cash flow from operating activities was NOK 559,338,000 compared to NOK 283,802,000 a year ago. Purchases of tangible fixed assets was NOK 1,049,791,000 compared to NOK 1,275,804,000 a year ago. EBITDA was NOK 862,496,000. EBIT was NOK 721,521,000. Return on equity was 15.9% compared to 9.5% a year ago.

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.

 

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Industry Analysis

REM

Industry Average

Valuation REM Industry Range
Price/Earnings 2.7x
Price/Sales 0.6x
Price/Book 0.4x
Price/Cash Flow 1.9x
TEV/Sales NM Not Meaningful
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