Last 11.75 NOK
Change Today +0.20 / 1.73%
Volume 175.9K
As of 10:25 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

northern offshore ltd (NOF) Snapshot

Open
11.50 NOK
Previous Close
11.55 NOK
Day High
12.00 NOK
Day Low
11.50 NOK
52 Week High
08/28/14 - 12.55 NOK
52 Week Low
09/12/13 - 8.30 NOK
Market Cap
1.9B
Average Volume 10 Days
105.0K
EPS TTM
0.13 NOK
Shares Outstanding
165.3M
EX-Date
08/27/14
P/E TM
14.9x
Dividend
0.20 NOK
Dividend Yield
10.35%
Current Stock Chart for NORTHERN OFFSHORE LTD (NOF)

Related News

No related news articles were found.

northern offshore ltd (NOF) Related Businessweek News

No Related Businessweek News Found

northern offshore ltd (NOF) Details

Northern Offshore Ltd. provides contract drilling equipment and operating services for offshore oil and gas companies. It owns and operates one floating production facility, one semisubmersible drilling rig, one drillship, and two jackup drilling rigs. The company’s fleet operates in various markets, including the North Sea, the Indian Ocean, Southeast Asia, and West Africa. Northern Offshore Ltd. was founded in 2000 and is based in Hamilton, Bermuda.

northern offshore ltd (NOF) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $1.0M
Senior Vice President of Operations
Total Annual Compensation: $555.0K
Senior Vice President of Marketing and Busine...
Total Annual Compensation: $555.0K
Compensation as of Fiscal Year 2013.

northern offshore ltd (NOF) Key Developments

Northern Offshore Ltd Declares Dividend, Payable on or Around September 15, 2014; Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Northern Offshore Ltd. directors have declared a dividend of $0.05 per share, or approximately $8.2 million. Shareholders of record with the VPS on August 29, 2014 will be entitled to receive the dividend, which will be paid on or around September 15, 2014. The shares of the company will be trading ex-dividend from August 27, 2014. The company reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $9.3 million or $0.06 per diluted share, on revenues of $55.5 million compared to net income of $1.7 million or $0.01 per diluted share, on revenues of $44.1 million for the last year. The company generated $20.1 million of second quarter adjusted EBITDA compared to $12.7 million in last year. The company reported operating income of $11.8 million compared to $4.9 million and income before taxes of $11.7 million compared to $3.3 million for the last year. For the six months, net income was $19.3 million, or $0.12 per diluted share. For the same period in the prior year, net income was $2.7 million, or $0.02 per diluted share. Revenues for the first six months of 2014 were $105.0 million, compared to $85.5 million for the same period in 2013. The company reported operating income of $23.8 million compared to $6.3 million, income before taxes of $22.2 million compared to $4.7 million, net cash provided by operating activities of $23.4 million compared to $15.7 million, capital expenditures - existing fleet of $4.3 million compared to $3.3 million, capital expenditures – new build jack ups of $18.4 million and adjusted EBITDA of $40.4 million compared to $22.0 million for the last year.

Northern Offshore, Ltd. Finalizes 2 ½ Year Contract with Rosneft Oil Company

Northern Offshore Ltd. announced that the company has finalized a 2 ½ year contract with Rosneft Oil Company, in conjunction with North Atlantic Drilling Ltd., for the provision of the jackup drilling rig Energy Endeavour. According to the agreement, any break rights expire after 100 days, after which the contract will commence in direct continuation upon the release of the rig by the current client. The company estimates the contract value to be in excess of $150 million, exclusive of any mobilization fees.

Northern Offshore Ltd, Annual General Meeting, Jun 17, 2014

Northern Offshore Ltd, Annual General Meeting, Jun 17, 2014., at 09:00 Eastern Daylight. Location: in the offices of MHR Fund Management LLC. Agenda: To consider presentation of president's report to the shareholders; to consider presentation of auditors' report and financial statements for the year ended December 31, 2013; to consider the appointment of PricewaterhouseCoopers, Houston, as the auditor of the company and authorization of the company's board of directors to set their compensation; and to elect directors.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
NOF:NO 11.75 NOK +0.20

NOF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for NOF.
View Industry Companies
 

Industry Analysis

NOF

Industry Average

Valuation NOF Industry Range
No financial data is available for NOF.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact NORTHERN OFFSHORE LTD, please visit www.northernoffshorelimited.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.