There are 4 articles on this stock available only to PRO subscribers.
Collapsing Oil Price Leads To Excessive Sell-Off In Prosafe SE
- In light of the recent oil price collapse and fears of lower offshore exploration and development capex, the shares of Prosafe ended up being aggressively sold off.
- Panic selling was added by the high anticipated net debt levels on the back of new vessel deliveries.
- Selling was also supported by announced cut in dividend payout ratio to 25-35% in order to preserve cash flows.
Prosafe SE: A Global Market Leader Trading Under Book Value
- Prosafe, the global leader in the floatel industry, is trading at historically low fundamental metrics.
- The company is well positioned for a prolonged depression in oil prices with strong contract backlog ($2.2B) and a highly specialized fleet for evolving market demand towards deep water drilling.
- We estimate Prosafe's earnings power at $6.85 based on depressed 2010 revenue, and a replacement asset value of $5.18 - both significantly above the current trading price of $2.83.
Prosafe SE: Classic Value Opportunity For Long-Term Investor To Profit From Offshore Fleet Growth
- Operating earnings cushion through long-term contracts with near-record high backlog combined with capex investment program set to increase firm's assets by over 50% in the next 2 years.
- Selloff on the back of upcoming dividend cut offers opportunity for contrarian investors to profit from outflow of the dividend seeking group.
- Overreaction to short-term softness in operating environment offers additional value in light of long-term tailwinds for the sector.
Prosafe SE: Bullish Momentum To Continue For This 8% Dividend Yielder
- Prosafe SE, owner and operator semi-submersible accommodation vessels has surged by 22% in two months and this rally is likely to sustain.
- Prosafe offers investors a robust dividend yield of 8% (FY14 guidance) and the dividend is sustainable on a strong order backlog of $2.2 billion.
- Revenue growth and EPS growth will be aided by the delivery of two accommodation vessels in 2015 and two in 2016.
- Recent long-term contracts and contract extensions ensure that the next two year outlook remains positive and dividend keeps growing.
We currently have no Breaking News on this stock.
PRSEY vs. ETF Alternatives
Other News & PR