Last 109.00 NOK
Change Today +2.50 / 2.35%
Volume 187.0
SOFF On Other Exchanges
Symbol
Exchange
Stuttgart
As of 10:25 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

solstad offshore asa (SOFF) Snapshot

Open
106.50 NOK
Previous Close
106.50 NOK
Day High
109.00 NOK
Day Low
106.50 NOK
52 Week High
11/27/13 - 124.00 NOK
52 Week Low
08/13/13 - 90.00 NOK
Market Cap
4.2B
Average Volume 10 Days
2.9K
EPS TTM
17.06 NOK
Shares Outstanding
38.7M
EX-Date
05/20/14
P/E TM
6.4x
Dividend
5.00 NOK
Dividend Yield
4.59%
Current Stock Chart for SOLSTAD OFFSHORE ASA (SOFF)

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solstad offshore asa (SOFF) Details

Solstad Offshore ASA operates offshore service and construction vessels for offshore petroleum industry worldwide. The company operates in three segments: Anchor-Handling Vessels, Platform Supply Vessels, and Construction Service Vessels. It offers anchor-handling vessels delivering services related to rig moves, and anchoring of rigs and other devices at sea; platform supply vessels that deliver services relating to the transportation of material to offshore installations; and construction service vessels delivering services relating to the development of sub sea and floating installations. The company operates a fleet of 50 wholly owned and jointly owned vessels, including 20 construction service vessels, 21 anchor handling vessels, and 9 platform supply vessels. Solstad Offshore ASA was founded in 1964 and is headquartered in Skudeneshavn, Norway.

1,800 Employees
Last Reported Date: 03/28/14
Founded in 1964

solstad offshore asa (SOFF) Top Compensated Officers

Chief Executive Officer and Managing Director
Total Annual Compensation: 2.2M NOK
Deputy Managing Director
Total Annual Compensation: 1.9M NOK
Compensation as of Fiscal Year 2013.

solstad offshore asa (SOFF) Key Developments

Solstad Offshore ASA Signs Letter of Intent to Build and Operate a New Build Large Subsea Construction Vessel

Solstad Offshore ASA had signed a letter of intent (LOI) with a major international offshore contractor to build and operate a new build large subsea construction vessel. It was also announced that Solstad had signed a LOI with VARD Group to build this vessel. Both LoI's have now been converted to firm contracts. The client will charter the vessel for a minimum of 8 years from delivery, scheduled to be second quarter of 2016. The vessel is a VARD 3 19 design, developed by Vard Design in Ålesund. The hull will be built at Vard Tulcea in Romania, while outfitting of the vessel will take place at Vard Brattvaag in Norway. The vessel, which will become the large in the Solstad-fleet, will have a 550-ton top tension vertical lay-system, enabling the installation of large diameter flexible pipes in ultra-deepwater environments. In addition, it will be equipped with a 900 ton active heave compensated offshore crane and a 4.000 ton under-deck carousel for storage of flexible pipes, cables and umbilical's. The vessel will be about 180 meters long, have a beam of 33 meters and a deck area of more than 2.500 m.

Solstad Offshore ASA Announces Board Changes

Solstad Offshore ASA announced that at the ordinary General Meeting for the company on 19 May 2014 the board members were up for election: Harald Eikesdal and Ketil Lenning. Harald Eikesdal had chosen not to stand for re-election. Anders Onarheim was elected as new board member. Together with Ketil Lenning, they were elected for a period of 2 years. Terje Vareberg replaces Harald Eikesdal as board chairman.

Solstad Offshore ASA Approves Dividend for the Year 2013

Solstad Offshore ASA at its annual general meeting held on May 19, 2014 approved dividend of NOK 5.00 per share for 2013.

 

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SOFF:NO 109.00 NOK +2.50

SOFF Competitors

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Company Last Change
Farstad Shipping ASA 111.00 NOK 0.00
Gulfmark Offshore Inc $40.11 USD -0.84
Great Eastern Shipping Co Ltd/The 361.85 INR +0.15
Ultrapetrol Bahamas Ltd $3.48 USD +0.01
Wilson Sons Ltd $16.01 USD 0.00
View Industry Companies
 

Industry Analysis

SOFF

Industry Average

Valuation SOFF Industry Range
Price/Earnings 5.9x
Price/Sales 1.1x
Price/Book 0.8x
Price/Cash Flow 3.6x
TEV/Sales NM Not Meaningful
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