Last 131.00 NOK
Change Today +3.50 / 2.75%
Volume 274.3K
FOE On Other Exchanges
Symbol
Exchange
Oslo
OTC US
OTC US
Stockholm
Frankfurt
As of 10:25 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

fred olsen energy asa (FOE) Snapshot

Open
128.10 NOK
Previous Close
127.50 NOK
Day High
131.90 NOK
Day Low
127.10 NOK
52 Week High
09/23/13 - 273.23 NOK
52 Week Low
09/16/14 - 124.30 NOK
Market Cap
8.7B
Average Volume 10 Days
155.7K
EPS TTM
14.01 NOK
Shares Outstanding
66.7M
EX-Date
05/28/14
P/E TM
9.4x
Dividend
10.00 NOK
Dividend Yield
15.27%
Current Stock Chart for FRED OLSEN ENERGY ASA (FOE)

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fred olsen energy asa (FOE) Details

Fred. Olsen Energy ASA, together with it subsidiaries, provides exploration and development services to the offshore oil and gas industry in Norway, the United Kingdom, Singapore, South Africa, Mozambique, and Brazil. It operates through two segments, Offshore Drilling, and Engineering and Fabrication. The company offers offshore drilling services to the offshore oil and gas industry; and engineering, fabrication, ship building, and repair services for various offshore and onshore industries. It operates three deepwater units and five mid-water semi-submersible drilling rigs, as well as one tender support vessel and one accommodation unit. The company was founded in 1967 and is headquartered in Oslo, Norway.

1,619 Employees
Last Reported Date: 04/30/14
Founded in 1967

fred olsen energy asa (FOE) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 7.0M NOK
Chief Financial Officer
Total Annual Compensation: 3.1M NOK
Chief Executive Officer of Dolphin Drilling A...
Total Annual Compensation: 3.6M NOK
Chief Executive Officer of Harland & Wolffgro...
Total Annual Compensation: 2.2M NOK
Managing Director of Dolphin Drilling Pte Ltd
Total Annual Compensation: 4.8M NOK
Compensation as of Fiscal Year 2013.

fred olsen energy asa (FOE) Key Developments

Fred Olsen Energy ASA Reports Unaudited Group Earnings Results for the Second Quarter and First Half Year Ended June 30, 2014

Fred Olsen Energy ASA reported unaudited group earnings results for the second quarter and first half year ended June 30. 2014. For the quarter, the company reported operating revenues of $256.8 million against $293.7 million a year ago. Total revenues were $273.3 million against $306.7 million a year ago. EBITDA was $106.6 million against $160.2 million a year ago. Operating profit was $18.8 million against $99.5 million a year ago. Profit before income taxes was $16.3 million against $100.0 million a year ago. Profit for the period attributable to shareholders was $6.7 million against $96.1 million a year ago. Diluted earnings per share were $0.10 against $1.45 a year ago. Net cash flow from operating activities was $112.4 million against $102.4 reported in previous quarter. Net investment in fixed assets was $181.4 million against $495.0 reported in previous quarter. For the first half year, the company reported operating revenues of $516.0 million against $566.5 million a year ago. Total revenues were $551.1 million against $589.3 million a year ago. EBITDA was $208.6 million against $300.9 million a year ago. Operating profit was $58.2 million against $179.0 million a year ago. Profit before income taxes was $40.8 million against $178.2 million a year ago. Profit for the period attributable to shareholders was $29.9 million against $169.9 million a year ago. Diluted earnings per share were $0.45 against $2.56 a year ago. Net cash from operating activities was $214.8 million against $222.9 million a year ago. Net investment in fixed assets was $676.4 million against $104.8 million a year ago.

Fred. Olsen Energy ASA Announces Refinancing of Credit Facility

Fred. Olsen Energy ASA has signed a new six year bank credit facility of up to USD 2.000 million. The credit facility will be used to repay existing bank loan, full-finance the newbuild Bollsta Dolphin and for general corporate purposes. The facility is provided by a group of international banks and GIEK/Eksportkreditt; with Nordea, ING, ABN Amro, Danske Bank, DNB, Handelsbanken, SEB and Swedbank as Mandated Lead Arrangers.

Fred Olsen Energy ASA Announces Unaudited Group Earnings Results for the First Quarter Ended March 31, 2014

Fred Olsen Energy ASA announced unaudited group earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $277.8 million compared to $282.6 million a year ago. EBITDA was $102 million compared to $140.6 million a year ago. EBIT was $39.4 million compared to $79.4 million a year ago. Profit before income taxes was $24.5 million compared to $78.1 million a year ago. Profit was $23.5 million compared to $73.6 million a year ago. Profit attributable to shareholders was $23.2 million compared to $73.6 million a year ago. Net cash from operating activities was $102.4 million compared to $89.8 million a year ago. Net investment in fixed assets was $495 million compared to $44.1 million a year ago. Basic and diluted earnings per share were $0.35 against $1.11 a year ago.

 

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FOE Competitors

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Company Last Change
Diamond Offshore Drilling Inc $37.50 USD -0.65
North Atlantic Drilling Ltd $7.00 USD -1.04
Odfjell Drilling Ltd 27.80 NOK +1.30
Odfjell SE 27.70 NOK +0.70
Pacific Drilling SA $9.04 USD -0.30
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Industry Analysis

FOE

Industry Average

Valuation FOE Industry Range
Price/Earnings 58.4x
Price/Sales 7.6x
Price/Book 6.7x
Price/Cash Flow 20.9x
TEV/Sales 6.1x
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