Last €8.56 EUR
Change Today -0.356 / -3.99%
Volume 0.0
FRJ On Other Exchanges
Symbol
Exchange
Oslo
Stuttgart
As of 3:21 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

farstad shipping (FRJ) Snapshot

Open
€9.18
Previous Close
€8.91
Day High
€9.36
Day Low
€8.56
52 Week High
11/4/13 - €17.03
52 Week Low
10/17/14 - €7.66
Market Cap
333.7M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
39.0M
EX-Date
05/15/14
P/E TM
--
Dividend
€3.11
Dividend Yield
4.30%
Current Stock Chart for FARSTAD SHIPPING (FRJ)

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farstad shipping (FRJ) Details

Farstad Shipping ASA supplies offshore service vessels to the international oil and gas industry worldwide. The company has a fleet of vessels, such as anchor handling tug supply vessels (AHTS), which provide anchor handling and towing services for offshore platforms, barges, and production modules/vessels; platform supply vessels (PSV) for transporting supplies and equipment to and from offshore installations; and subsea construction and support vessels (SUBSEA) for operations at depths, as well as for installation and maintenance of the seabed facilities. As of December 31, 2013, it operated a fleet of 59 vessels, including 30 AHTS, 26 PSV, and 3 SUBSEA. The company has operations in the markets of North-West Europe, Brazil, and Indian Pacific. Farstad Shipping ASA was founded in 1956 and is headquartered in Ålesund, Norway.

2,250 Employees
Last Reported Date: 08/18/14
Founded in 1956

farstad shipping (FRJ) Top Compensated Officers

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farstad shipping (FRJ) Key Developments

Farstad Shipping ASA Extends Charter Contract with Petrobras

Farstad Shipping ASA has been awarded the following charter contract in Brazil. Petrobras has extended the contract for the AHTS BOS Turmalina (2006, UT 722 L, 14.416 BHP)with further 600 days. Before commencement of the contract the vessel will be upgraded-for ROV support services.- Expected commencement of the new contract is at the end of January 2015. Petrobras has the option to extend the contract with up to 8 years. Total value of the contract, excluding options, is approximately NOK 180 million.

Farstad Shipping ASA Receives Charter Contract in Brazil

Petrobras has awarded the AHTS BOS Topazio (2005, UT 728 L, 12.240 BHP) a four year contract with an option period for up to four years to Farstad Shipping ASA. Commencement of the new contract is August 2014. Total value of the contract, excluding options, is approximately NOK 375 million.

Farstad Shipping ASA Reports Group Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Farstad Shipping ASA reported group earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total operating income of NOK 1,050.644 million compared to NOK 996.608 million a year ago. EBITDA was NOK 367.729 million compared to NOK 363.945 million a year ago. EBIT was NOK 178.581 million compared to NOK 205.355 million a year ago. Pre-tax profit NOK 51.378 million compared to NOK 11.163 million a year ago. Profit was NOK 46.691 million or NOK 1.20 per diluted share compared to NOK 4.081 million or NOK 0.10 per diluted share a year ago. Cash flow from operating activity was NOK 228.307 million compared to NOK 284.661 million a year ago. Cash flow per share was NOK 5.97 compared to NOK 6.10 a year ago. Investment in fixed assets and contracts newbuilds were of NOK 652.670 million compared to NOK 838.022 million a year ago. For six months, the company reported total operating income of NOK 2,060.300 million compared to NOK 1,904.332 million a year ago. EBITDA was NOK 738.373 million compared to NOK 688.603 million a year ago. EBIT was NOK 371.303 million compared to NOK 378.666 million a year ago. Pre-tax profit NOK 128.612 million compared to NOK 100.646 million a year ago. Profit was NOK 126.239 million or NOK 3.24 per diluted share compared to NOK 86.223 million or NOK 2.21 per diluted share a year ago. Cash flow from operating activity was NOK 485.591 million compared to NOK 578.004 million a year ago. Cash flow per share was NOK 12.22 compared to NOK 12.57 a year ago. Investment in fixed assets and contracts newbuilds were of NOK 1,326.333 million compared to NOK 1,925.032 million a year ago.

 

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FRJ:GR €8.56 EUR -0.356

FRJ Competitors

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Company Last Change
Gulfmark Offshore Inc $30.16 USD +0.46
Hornbeck Offshore Services Inc $30.66 USD 0.00
Rederi AB Transatlantic kr6.75 SEK -0.15
Solstad Offshore ASA 82.00 NOK +2.00
Ultrapetrol Bahamas Ltd $3.01 USD +0.07
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Industry Analysis

FRJ

Industry Average

Valuation FRJ Industry Range
Price/Earnings 9.2x
Price/Sales 0.7x
Price/Book 0.4x
Price/Cash Flow 2.7x
TEV/Sales NM Not Meaningful
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