Stine Engseth - Eidesvik Offshore Information Technology (IT) Manager

EIOF Stock  NOK 14.70  0.56  3.67%   

Executive

Stine Engseth is Information Technology (IT) Manager of Eidesvik Offshore ASA
Phone47 53 44 80 00
Webhttps://www.eidesvik.no

Eidesvik Offshore Management Efficiency

Eidesvik Offshore's management efficiency ratios could be used to measure how well Eidesvik Offshore manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 1.1 B in total debt with debt to equity ratio (D/E) of 185.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Eidesvik Offshore ASA has a current ratio of 3.15, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Eidesvik Offshore until it has trouble settling it off, either with new capital or with free cash flow. So, Eidesvik Offshore's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Eidesvik Offshore ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eidesvik to invest in growth at high rates of return. When we think about Eidesvik Offshore's use of debt, we should always consider it together with cash and equity.

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Eidesvik Offshore ASA, a shipping company, operates ships in the supply, seismic, and subsea business areas. It operates 10 platform supply vessels a fleet of 4 subsea ships and a fleet of 12 ships related to seismic. EIDESVIK OFFSHORE operates under Shipping classification in Norway and is traded on Oslo Stock Exchange. Eidesvik Offshore ASA (EIOF) is traded on Oslo Stock Exchange in Norway and employs 471 people.

Management Performance

Eidesvik Offshore ASA Leadership Team

Elected by the shareholders, the Eidesvik Offshore's board of directors comprises two types of representatives: Eidesvik Offshore inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eidesvik. The board's role is to monitor Eidesvik Offshore's management team and ensure that shareholders' interests are well served. Eidesvik Offshore's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eidesvik Offshore's outside directors are responsible for providing unbiased perspectives on the board's policies.
Erling Lodden, VP of Human Recources
Synne Syrrist, Director
Kolbein Rege, Chairman of the Board
Odd Jensen, Crew Manager
Svein Enerstvedt, CFO and Executive VP
Monica Havskjold, Independent Director
Nils Steinsvag, Accounting Manager
Per Wathne, Purchase Manager
Lars Engelsen, Interim Officer
Helga Cotgrove, Chief Officer
John Stangeland, Director
Sigbjorn Naesse, Administrative Manager
Ellen Ottesen, Chief Officer
Arve Nilsen, Technical Manager
Vermund Hjelland, VP of Technology and Devel.
Tommy Sandtorv, Fleet Manager
Jan Meling, CEO and President and Director
Tore Byberg, CFO
Gitte Talmo, Fleet Manager
Lauritz Eidesvik, Director
Kjell Jacobsen, Independent Director
Lars Eidesvik, Director
Terje Sagebakken, Vice President Health, Safety, Environment and Quality (HSEQ)
Jan Lodden, Deputy CEO of Market and Operations and Executive VP
Stine Engseth, Information Technology (IT) Manager
Kristine Skeie, Director
Borgny Eidesvik, Director
Thor Krukhaug, Finance Director
Petter Lonning, Director, Employee Representative

Eidesvik Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Eidesvik Offshore a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Eidesvik Offshore

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eidesvik Offshore position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eidesvik Offshore will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eidesvik Stock

  0.75SOGN Sogn SparebankPairCorr
  0.67SKUE Skue SparebankPairCorr
The ability to find closely correlated positions to Eidesvik Offshore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eidesvik Offshore when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eidesvik Offshore - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eidesvik Offshore ASA to buy it.
The correlation of Eidesvik Offshore is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eidesvik Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eidesvik Offshore ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eidesvik Offshore can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eidesvik Offshore ASA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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Please note, there is a significant difference between Eidesvik Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eidesvik Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eidesvik Offshore's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.