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Last 49.10 NOK
Change Today -0.10 / -0.20%
Volume 1.3K
As of 9:13 AM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

solstad offshore asa (SOFF) Snapshot

Open
49.40 NOK
Previous Close
49.20 NOK
Day High
50.00 NOK
Day Low
48.50 NOK
52 Week High
04/24/14 - 117.50 NOK
52 Week Low
03/27/15 - 45.00 NOK
Market Cap
1.9B
Average Volume 10 Days
13.5K
EPS TTM
5.96 NOK
Shares Outstanding
38.7M
EX-Date
05/19/15
P/E TM
8.2x
Dividend
3.50 NOK
Dividend Yield
10.25%
Current Stock Chart for SOLSTAD OFFSHORE ASA (SOFF)

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solstad offshore asa (SOFF) Details

Solstad Offshore ASA operates offshore service and construction vessels for offshore petroleum industry worldwide. The company operates in three segments: Anchor-Handling Vessels, Platform Supply Vessels, and Construction Service Vessels. It offers anchor-handling vessels delivering services related to rig moves, and anchoring of rigs and other devices at sea; platform supply vessels that deliver services relating to the transportation of material to offshore installations; and construction service vessels delivering services relating to the development of sub sea and floating installations. The company operates a fleet of 50 wholly owned and jointly owned vessels, including 20 construction service vessels, 21 anchor handling vessels, and 9 platform supply vessels. Solstad Offshore ASA was founded in 1964 and is headquartered in Skudeneshavn, Norway.

Founded in 1964

solstad offshore asa (SOFF) Top Compensated Officers

Chief Executive Officer and Managing Director
Total Annual Compensation: 2.2M NOK
Deputy Managing Director
Total Annual Compensation: 1.9M NOK
Compensation as of Fiscal Year 2013.

solstad offshore asa (SOFF) Key Developments

Solstad Offshore ASA Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Proposes Dividend for 2014

Solstad Offshore ASA reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, net freight income was NOK 987,763,000 against NOK 895,894,000 a year ago. Total freight income and gain on sale of assets was NOK 1,018,569,000 against NOK 895,894,000 a year ago. Operating result before depreciations was NOK 398,182,000 against NOK 327,076,000 a year ago. Operating result was NOK 291,616,000 against NOK 229,818,000 a year ago. Ordinary result before taxes was negative of NOK 342,815,000 against ordinary result before taxes of NOK 82,745,000 a year ago. Diluted loss per share was NOK 8.38 against diluted earnings per share of NOK 0.92 a year ago. EBITDA was NOK 396,634,000 against NOK 356,477,000 a year ago. Diluted loss per share was NOK 3.72 against diluted earnings per share of NOK 1.01 a year ago. For the full year, net freight income was NOK 3,833,583,000 against NOK 3,600,693,000 a year ago. Total freight income and gain on sale of assets was NOK 3,880,173,000 against NOK 3,637,146,000 a year ago. Operating result before depreciations was NOK 1,649,600,000 against NOK 1,497,078,000 a year ago. Operating result was NOK 1,269,966,000 against NOK 1,122,918,000 a year ago. Ordinary result before taxes was NOK 223,956,000 against NOK 541,178,000 a year ago. Diluted earnings per share were NOK 5.99 against NOK 12.77 a year ago. EBITDA was NOK 1,716,567,000 against NOK 1,574,900,000 a year ago. Diluted earnings per share were NOK 11.12 against NOK 14.49 a year ago. Net cash flow from operations was NOK 1,514,325 against NOK 710,710 a year ago. Investment in tangible fixed assets (vessels) was NOK 2,413,994 against NOK 150,083 a year ago. The Board proposed dividends at NOK 3.50 per share for 2014.

Solstad Offshore ASA, Q4 2014 Earnings Call, Feb 25, 2015

Solstad Offshore ASA, Q4 2014 Earnings Call, Feb 25, 2015

Solstad Offshore ASA Wins New Contract for One-Year Firm Plus an Additional One Year Option for the CSV Normand Pacific

Solstad Offshore ASA has been awarded a new contract for one-year firm plus an additional one year option for the CSV 'Normand Pacific' by Demar Instaladora Y Constructora S. A (Demar). Commencement of the contract is May 2015 after completion of present contract vessel is working on. The vessel will perform subsea and support functions for Demar under contracts with PEMEX for work in the Gulf of Mexico. The commercial terms are confidential between the Parties.

 

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SOFF:NO 49.10 NOK -0.10

SOFF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Farstad Shipping ASA 35.80 NOK -0.20
Gulfmark Offshore Inc $14.81 USD -1.55
Rederi AB Transatlantic kr5.20 SEK -0.10
Great Eastern Shipping Co Ltd/The 344.75 INR +3.70
Ultrapetrol Bahamas Ltd $1.40 USD -0.01
View Industry Companies
 

Industry Analysis

SOFF

Industry Average

Valuation SOFF Industry Range
Price/Earnings 8.1x
Price/Sales 0.5x
Price/Book 0.4x
Price/Cash Flow 2.7x
TEV/Sales NM Not Meaningful
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