Last 42.80 NOK
Change Today -0.10 / -0.23%
Volume 112.8K
OCY On Other Exchanges
Symbol
Exchange
Oslo
OTC US
Frankfurt
As of 10:25 AM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

ocean yield asa (OCY) Snapshot

Open
42.90 NOK
Previous Close
42.90 NOK
Day High
42.90 NOK
Day Low
40.80 NOK
52 Week High
11/14/14 - 44.70 NOK
52 Week Low
01/27/14 - 33.10 NOK
Market Cap
5.7B
Average Volume 10 Days
37.5K
EPS TTM
4.17 NOK
Shares Outstanding
134.2M
EX-Date
11/17/14
P/E TM
10.3x
Dividend
0.53 NOK
Dividend Yield
7.52%
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 Dividend for the Third Quarter of 2014, Payable on 26 November 2014; Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

The Board of Directors of Ocean Yield AS has declared a dividend of USD 0.1375 per share for third quarter of 2014. This is an increase of 0.75 cents per share compared with the previous quarter. On an annualized basis, the dividend equals USD 0.55 per share. Based on the closing share price as of 10 November 2014. The dividend will be paid on or about 26 November 2014 to shareholders as of 14 November 2014 registered with the Norwegian Central Securities Depository as of 18 November 2014. The ex-dividend date will be 17 November 2014. The company announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. EBITDA was USD 54.2 million for the third quarter 2014 compared with USD 55.6 million for the third quarter of 2013. Net profit after tax was USD 24.5 million for the third quarter 2014 compared with USD 19.1 million for the third quarter 2013. The net profit was in total negatively affected by net non-recurring items of USD 1.7 million. Revenue was USD 65.4 million compared with USD 61.8 million for the third quarter 2013. Operating result (EBIT) was USD 28.5 million compared with USD 30.0 million for the third quarter 2013. Net profit before tax was USD 24.9 million compared with USD 20.2 million for the third quarter 2013. Net cash flow from operating activities was USD 53.8 million for the third quarter 2014 compared with USD 43.5 million for the third quarter of 2013. Acquisition of property, plant and equipment was USD 58.9 million for the third quarter 2014 compared with USD 20.6 million for the third quarter of 2013. Net profit after tax adjusted for non-recurring items was USD 26.2 million. For the first nine months of 2014, operating revenues were USD 187.2 million as compared with USD 178.4 million for the first nine months of 2013. EBITDA was USD 162.8 million for the first nine months of 2014, compared with USD 155.0 million for the first nine months of 2013. Net profit after tax was USD 70.2 million in the first nine months of 2014, compared to USD 56.2 million for the first nine months of 2013. Operating result (EBIT) was USD 89.4 million compared with USD 80.2 million for the first nine months of 2013. Net profit before tax was USD 74.5 million compared with USD 57.8 million for the first nine months of 2013. Basic and diluted earnings per share were USD 0.52 compared to USD 0.51 for the first nine months of 2013. Net cash flow from operating activities was USD 140.6 million compared with USD 112.5 million for the first nine months of 2013. Acquisition of property, plant and equipment was USD 194.9 million compared with USD 246.4 million for the first nine months of 2013.

Ocean Yield AS, Q3 2014 Earnings Call, Nov 11, 2014

Ocean Yield AS, Q3 2014 Earnings Call, Nov 11, 2014

Ocean Yield AS Presents at Pareto Securities 21st Annual Oil & Offshore Conference, Sep-10-2014

Ocean Yield AS Presents at Pareto Securities 21st Annual Oil & Offshore Conference, Sep-10-2014 . Venue: Holmenkollen Park Hotel, Oslo, Oslo, Norway.

 

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Industry Average

Valuation OCY Industry Range
Price/Earnings 8.6x
Price/Sales 3.4x
Price/Book 1.2x
Price/Cash Flow 4.2x
TEV/Sales NM Not Meaningful
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