Last 42.10 NOK
Change Today +0.60 / 1.45%
Volume 6.4K
OCY On Other Exchanges
Symbol
Exchange
Oslo
OTC US
Frankfurt
As of 10:25 AM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

ocean yield asa (OCY) Snapshot

Open
42.50 NOK
Previous Close
41.50 NOK
Day High
42.50 NOK
Day Low
42.00 NOK
52 Week High
07/22/14 - 43.00 NOK
52 Week Low
08/22/13 - 26.60 NOK
Market Cap
5.6B
Average Volume 10 Days
41.5K
EPS TTM
4.17 NOK
Shares Outstanding
134.2M
EX-Date
07/17/14
P/E TM
10.1x
Dividend
0.52 NOK
Dividend Yield
7.17%
Current Stock Chart for OCEAN YIELD ASA (OCY)

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ocean yield asa (OCY) Details

Ocean Yield AS, a ship owning company, invests in vessels within oil-service and industrial shipping areas in Norway. Its fleet comprises floating production, storage, and offloading vessels; other oil service vessels, such as anchor handling tug supply, construction, offshore construction and cable lay, and seismic vessels; car carriers; and product tankers. The company was founded in 2012 and is headquartered in Oslo, Norway. Ocean Yield AS is a subsidiary of Aker ASA.

19 Employees
Last Reported Date: 04/4/14
Founded in 2012

ocean yield asa (OCY) Top Compensated Officers

Chief Executive Officer and Managing Director
Total Annual Compensation: $1.4M
Chief Financial Officer
Total Annual Compensation: $595.1K
Compensation as of Fiscal Year 2013.

ocean yield asa (OCY) Key Developments

Ocean Yield AS Declares Quarterly Dividend Payable on or About July 29, 2014

The Board of Directors of Ocean Yield AS has declared a quarterly dividend payment of USD 0.13 per share. This is in line with the company's strategy to pay attractive and growing dividends to its shareholders. This is an increase of 0.50 cents per share compared with the previous quarter. The dividend of USD 0.13 per share is, on an annualized basis, equal to USD 0.52 per share. The dividend will be paid on or about 29th July 2014 to shareholders as of 16th July 2014 registered with the Norwegian Central Securities Depository as of 21st July 2014. The ex-dividend date will be 17th July 2014.

Ocean Yield ASA Announces Consolidated Earnings Results for the Second Quarter and First Half Year Ended June 30, 2014

Ocean Yield ASA announced consolidated earnings results for the second quarter and first half year ended June 30, 2014. For the quarter, the company reported operating revenues of USD 62.1 million against USD 60.0 million a year ago. EBITDA was USD 55.4 million against USD 50.6 million a year ago. Operating profit was USD 31.0 million against USD 25.5 million a year ago. Net profit before tax was USD 17.5 million against USD 19.8 million a year ago. Net profit after tax was USD 17.1 million against USD 19.9 million a year ago. Basic and diluted earning per share was USD 0.13 against USD 0.20 a year ago. Net cash flow from operating activities was USD 44.3 million against USD 40.8 million a year ago. Acquisition of property, plant and equipment was USD 135 million against USD 104.9 a year ago. The operating revenues reflect a strong operational performance in second quarter of 2014 with full bonus for the FPSO Dhirubhai-1 and delivery of the vessels Höegh Jacksonville, Höegh Beijing and Höegh Xiamen during the second quarter. For the first half, the company reported operating revenues for the first half 2014 were USD 121.8 million as compared with USD 116.6 million for the first half 2013. EBITDA was USD 108.6 million for the first half 2014, compared with USD 99.4 million for the first half 2013. Operating Profit was USD 60.9 million as compared with USD 50.2 million for the first half 2013. Net profit before tax was USD 49.6 million against USD 37.6 million a year ago. Net profit after tax was USD 45.7 million against USD 37.1 million a year ago. Basic and diluted earnings per share were USD 0.34 against USD 0.37 a year ago. Total interest-bearing liabilities were USD 929.1 million. Net cash flow from operating activities was USD 86.9 million against USD 70.4 million a year ago. Acquisition of property, plant and equipment was USD 136 million against USD 225.8 million a year ago. Non-recurring, non-cash items had a negative effect on the Net Profit after tax of USD 3.2 million in the first half of 2014.

Ocean Yield AS Announces Earnings Results for the Second Quarter and First Half of 2014; Provides Earnings Guidance for the Third Quarter of 2014

Ocean Yield AS announced earnings results for the second quarter and first half of 2014. For the quarter, the company reported operating revenue of $62.1 million against $60.0 million a year ago. EBITDA was $55.4 million against $50.6 million a year ago. Operating profit was $31.0 million against $25.5 million a year ago. Net profit before tax was $17.5 million against $19.8 million a year ago. Net profit after tax was $17.1 million against $19.9 million a year ago. For the first half, the company reported operating revenue of $121.8 million against $116.6 million a year ago. EBITDA was $108.6 million against $99.4 million a year ago. Operating profit was $60.9 million against $50.2 million a year ago. Net profit before tax was $49.6 million against $37.6 million a year ago. Net profit after tax was $45.7 million against $37.1 million a year ago. The company provided earnings guidance for the third quarter of 2014. For the quarter, the company expects increased contribution towards EBITDA compared to second quarter of 2014.

 

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Valuation OCY Industry Range
Price/Earnings 9.8x
Price/Sales 3.7x
Price/Book 1.3x
Price/Cash Flow 4.7x
TEV/Sales NM Not Meaningful
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