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Last 1.43 NOK
Change Today -0.03 / -2.05%
Volume 504.6K
SONG On Other Exchanges
Symbol
Exchange
OTC US
Stuttgart
Stockholm
As of 11:25 AM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

songa offshore (SONG) Snapshot

Open
1.46 NOK
Previous Close
1.46 NOK
Day High
1.47 NOK
Day Low
1.43 NOK
52 Week High
06/11/14 - 2.85 NOK
52 Week Low
03/5/15 - 1.30 NOK
Market Cap
1.2B
Average Volume 10 Days
650.0K
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, provides offshore oil and gas drilling services. It owns and operates a fleet of five semi-submersible rigs for the exploration and production of drilling in the midwater segment. The company has operations in the North Sea, offshore Malaysia, and Vietnam. Songa Offshore SE was founded in 2005 and is headquartered in Limassol, Cyprus. Songa Offshore SE is a subsidiary of Perestroika AS.

Founded in 2005

songa offshore (SONG) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $2.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.4M
Chief Operating Officer
Total Annual Compensation: $189.0K
Compensation as of Fiscal Year 2013.

songa offshore (SONG) Key Developments

Songa Offshore SE, Special/Extraordinary Shareholders Meeting, Mar 23, 2015

Songa Offshore SE, Special/Extraordinary Shareholders Meeting, Mar 23, 2015., at 10:00 E. Europe Standard Time. Location: Porto Bello, Office 201, No 1 Siafi Street. Agenda: To approve appointment of Stian Tranmael as Chairperson of the Extraordinary General Meeting; to approve the extension of the authority to the Board of Directors to allot and issue shares from the unissued authorised share capital until 31 December 2019, in accordance with the terms of the company's convertible bond loan dated 23 December 2013.

Songa Offshore SE Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Impairment for the Fourth Quarter Ended December 31, 2014

Songa Offshore SE announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating revenue of USD 64.9 million, compared to USD 140.1 million in the fourth quarter 2013. The decrease is primarily due to the absence of revenue contribution from Songa Venus and Songa Mercur of USD 43.7 million and the Songa Dee out of service period of USD 29.5 million. Total revenue was USD 79.5 million, compared to USD 154.3 million in the fourth quarter 2013. The main reason for the decrease is the same as indicated above. EBITDA was USD 28.9 million compared to USD 59.8 million in the corresponding prior year quarter. Loss for the fourth quarter 2014 was USD 38.8 million, compared to USD 179.1 million in the fourth quarter 2013. LBIT was USD 6.778 million against USD 69.292 million a year ago. Loss before tax was USD 56.147 million against USD 125.535 million a year ago. Basic and diluted loss per share was USD 0.05 against USD 0.70 a year ago. For the year, the company’s total revenues were USD 494.752 million against USD 562.211 million a year ago. EBITDA was USD 196.558 million against USD 212.506 million a year ago. EBIT was USD 17.360 million against LBIT of USD 19.309 million a year ago. Loss before tax was USD 56.566 million against USD 102.406 million a year ago. Loss for the period was USD 44.420 million against USD 159.183 million a year ago. Basic and diluted loss per share was USD 0.05 against USD 0.74 a year ago. Net cash generated from operating activities was USD 42.364 million against USD 45.795 million a year ago. Purchase of property, plant and equipment was USD 237.821 million against USD 222.520 million a year ago. Operating revenue was USD 418,614,000 compared to USD 506,274,000 a year ago. The company announced the impairment of USD 7.7 million in the fourth quarter of 2014 consists of USD 4.7 million related to the Songa Venus and Songa Mercur and represents certain fixed assets that were on the rig when delivered to the buyer, as well as USD 3.0 million of scrapped Songa Dee and Songa Trym equipment.

Songa Offshore SE Changes to the Board of Directors

The Board of Songa Offshore SE announced that Johan Kr Mikkelsen has been appointed as a Director of the company. Johan Kr Mikkelsen has 40 years experience from Norsk Hydro and Statoil. He entered the oil and gas industry at the Mongstad refinery in 1974 as process engineer and a couple of years later as Production Manager at the refinery.

 

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SONG Competitors

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Company Last Change
Aban Offshore Ltd 418.60 INR -5.00
Atwood Oceanics Inc $28.58 USD -0.43
China Oilfield Services Ltd CNY22.86 CNY +1.94
Vantage Drilling Co $0.33 USD +0.0096
View Industry Companies
 

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 2.3x
TEV/Sales NM Not Meaningful
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