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Last 29.50 NOK
Change Today 0.00 / 0.00%
Volume 0.0
SPU On Other Exchanges
Symbol
Exchange
Oslo
Berlin
As of 10:25 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

spectrum asa (SPU) Snapshot

Open
29.30 NOK
Previous Close
29.50 NOK
Day High
29.60 NOK
Day Low
28.90 NOK
52 Week High
06/2/15 - 38.10 NOK
52 Week Low
12/9/14 - 24.91 NOK
Market Cap
1.6B
Average Volume 10 Days
30.8K
EPS TTM
0.64 NOK
Shares Outstanding
53.4M
EX-Date
05/26/15
P/E TM
5.6x
Dividend
1.00 NOK
Dividend Yield
3.40%
Current Stock Chart for SPECTRUM ASA (SPU)

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spectrum asa (SPU) Details

Spectrum ASA designs, acquires, and processes multi-client seismic surveys and seismic imaging services to the oil and gas industry worldwide. The company primarily focuses on the regions of hydrocarbon prospectivity. Its multi-client library comprises approximately 1.3 million km of 2D seismic and 3D marine data library. Spectrum ASA was founded in 1986 and is based in Oslo, Norway.

156 Employees
Last Reported Date: 04/24/15
Founded in 1986

spectrum asa (SPU) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $903.0K
Chief Financial Officer
Total Annual Compensation: $457.0K
Chief Operating Officer
Total Annual Compensation: $728.0K
Executive Vice President of Multi-Client for ...
Total Annual Compensation: $518.0K
Executive Vice President of Seismic Imaging
Total Annual Compensation: $378.0K
Compensation as of Fiscal Year 2014.

spectrum asa (SPU) Key Developments

Spectrum ASA Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Spectrum ASA reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net operating revenue of $34,743,000 against $44,590,000 a year ago. EBIT was $8,701,000 against $10,007,000 a year ago. Profit before tax was $7,513,000 against $9,507,000 a year ago. Net profit to equity holders was $5,286,000 or $0.11 per diluted share against $6,606,000 or $0.14 per diluted share a year ago. Cash flow from operating activities was $15,199,000 against $27,676,000 a year ago. Investment in multi-client library was $120,244,000 against $38,266,000 a year ago. Investment in other assets was $2,439,000 against $701,000 a year ago. For the six months, the company reported net operating revenue of $49,630,000 against $82,591,000 a year ago. EBIT was $4,397,000 against $18,507,000 a year ago. Profit before tax was $2,699,000 against $18,211,000 a year ago. Net profit to equity holders was $1,964,000 or $0.04 per diluted share against $12,565,000 or $0.26 per diluted share a year ago. Cash flow from operating activities was $33,193,000 against $61,088,000 a year ago. Investment in multi-client library was $133,408,000 against $55,975,000 a year ago. Investment in other assets was $2,716,000 against $1,875,000 a year ago. Long term interest bearing debt was $45.7 million and consist mainly of the revolving facility and the part of the term loan not due within the next towel months.

Spectrum ASA, Q2 2015 Earnings Call, Aug 21, 2015

Spectrum ASA, Q2 2015 Earnings Call, Aug 21, 2015

PGS Mexico Announces 2D Cooperation Agreement with Spectrum & Schlumberger

PGS has executed an MOU for a cooperation agreement with Spectrum and Schlumberger in Mexico. The collaboration will acquire 80,000 - 100,000 kilometers of modern, long-offset 2D data encompassing all the major hydrocarbon provinces offshore Mexico. This includes areas on offer for Mexico's Round 1 in the Perdido Fold Belt, Mexican Ridges Province, Campeche Deep Sea Basin and will also provide seamless coverage across the Yucatan Platform tying to Spectrum's Big Wave program in the eastern area of the US Gulf of Mexico. The previously announced PGS MultiClient Mexico Well Tie program, which commenced on May 16, 2015, will be included in this collaboration. Two GeoStreamer vessels have already acquired over 10,000 line kilometers with Fast Track products available as part of this program. Spectrum and Schlumberger commenced operations on June 10 with a third vessel and an additional vessel is enroute to commence operations in early July. These strategically placed surveys will help provide greater insight to clients preparing for Round 1.

 

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SPU Competitors

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Electromagnetic Geoservices ASA 0.90 NOK +0.03
ION Geophysical Corp $0.55 USD +0.0163
MultiClient Geophysical ASA 0.77 NOK 0.00
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Industry Analysis

SPU

Industry Average

Valuation SPU Industry Range
Price/Earnings 6.5x
Price/Sales 1.1x
Price/Book 0.9x
Price/Cash Flow 1.8x
TEV/Sales 0.7x
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