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Last 1.59 NOK
Change Today -0.03 / -1.85%
Volume 1.2M
As of 10:25 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

songa offshore (SONG) Snapshot

Open
1.62 NOK
Previous Close
1.62 NOK
Day High
1.62 NOK
Day Low
1.58 NOK
52 Week High
06/11/14 - 2.85 NOK
52 Week Low
03/5/15 - 1.30 NOK
Market Cap
1.4B
Average Volume 10 Days
609.1K
EPS TTM
-0.06 NOK
Shares Outstanding
873.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SONGA OFFSHORE (SONG)

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songa offshore (SONG) Details

Songa Offshore SE, together with its subsidiaries, operates as an offshore drilling contractor. The company owns and operates a fleet of three semi-submersible rigs for the exploration and production drilling in the midwater segment on the Norwegian Continental Shelf. It has operations primarily in Norway, Malaysia, and Vietnam. Songa Offshore SE was founded in 2005 and is based in Limassol, Cyprus.

832 Employees
Last Reported Date: 04/29/15
Founded in 2005

songa offshore (SONG) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $831.0K
Chief Financial Officer
Total Annual Compensation: $875.0K
Chief Operating Officer
Total Annual Compensation: $593.0K
Compensation as of Fiscal Year 2014.

songa offshore (SONG) Key Developments

Songa Offshore SE Reports Audited Company Earnings Results for the Year Ended December 31, 2014

Songa Offshore SE reported audited company earnings results for the year ended December 31, 2014. For the period, the company reported revenues of $111,485,000 against $159,168,000 a year ago. Loss before tax was $31,290,000 against $44,617,000 a year ago. Loss for the year was $43,990,000 against $61,627,000 a year ago. Net cash generated from operating activities was $37,147,000 against $112,595,000 a year ago. Purchase of property, plant and equipment was $20,980,000 against $80,422,000 a year ago. EBITDA was $130,419,000 against $228,902,000 a year ago. LBIT was $2,220,000 against EBIT of $20,010 a year ago.

Songa Offshore Reports Consolidated Earnings Results for the Year Ended December 31, 2014

Songa Offshore reported consolidated earnings results for the year ended December 31, 2014. For the period, the company reported operating revenue of $495 million against $562 million a year ago. EBITDA was $197 million against $213 million a year ago. EBIT was $17 million against LBIT of $19 million a year ago. Net loss before tax was $57 million against $102 million a year ago. Net loss was $57 million or $0.07 per basic and diluted share against $159 million or $0.74 per basic and diluted share a year ago. Cash flow from operations was $42 million against $46 million a year ago. The main reasons for the decrease are reduced working capital and higher fee expenditures related to financing of the Cat Ds. The main reason for the decrease in revenue, is the lower revenue contribution from the Songa Mercur and the Songa Venus, as well as the Songa Dee out of service period in relation to its SPS. Net cash used in investing activities for the year was $126.3 million, compared to net cash received from investing activities of $367.5 million in 2013. This is mainly driven by the capital expenditures of $237.8 million related to the Cat D new-builds and the Songa Dee SPS, partly offset by the cash portion of the sale of the Songa Mercur and the Songa Venus of $112.5 million.

Songa Offshore SE Appoints Ron Blakely as a Director

The Board of Songa Offshore SE announced that Ron Blakely has been appointed as a Director of the company. Mr. Ronald Blakely is a former executive whose career spanned more than 38 years with Royal Dutch Shell companies. At time of retirement in October 2008 he was Executive Vice President Global Downstream Finance based in London, UK. In previous roles he had been CFO of Shell Oil Products in the USA and CFO of Shell Canada. Mr. Blakely is currently a non-executive Director, Senior Independent Director and Chair of the Audit Committee of Ophir Energy plc.

 

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SONG Competitors

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Company Last Change
Aban Offshore Ltd 394.65 INR +2.55
Atwood Oceanics Inc $33.56 USD -0.02
China Oilfield Services Ltd CNY27.48 CNY +1.13
Vantage Drilling Co $0.37 USD -0.0101
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Industry Analysis

SONG

Industry Average

Valuation SONG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.2x
Price/Cash Flow 3.3x
TEV/Sales NM Not Meaningful
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