Caverton Offshore Support GRP PLC traces its history to 2008 and it is a Nigerian-based company operating in the marine and aviation as well as oil and gas industry. Caverton Offshore Support GRP PLC is an oilfield services company that specializes in providing an impressive portfolio of services to these operations:
- Oil and Gas
- Harbour
- General Marine Operations
What is Caverton Offshore Support GRP PLC?
In addition, Caverton Offshore Support GRP PLC also offers charter, shuttle, and maintenance services across these industries along with helicopters and airplanes that it provides to third-party customers. There are three primary business segments that Caverton Offshore Support GRP PLC is involved in namely Helicopter Charter Services, Marine Services, and All Other Services.
Helicopter Charter Services and Marine Services cover several operators who are involved in the oil and gas industry in addition to other sundry customers.
Caverton Offshore Support GRP PLC provides additional services through its subsidiaries, namely:
- Caverton Helicopters Limited (CHL), a charter, shuttle, and a maintenance company.
- Caverton Marine Limited (CML), which is involved in the provision of marine and special transportation services along with the shipment of petroleum products.
Caverton Offshore Support GRP PLC offers its equity stocks for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol CAVERTON.
Today, Caverton Offshore Support GRP PLC is based in Nigeria where it operates within the Oil Well Services and Equipment Industry.
Caverton Offshore Support GRP PLC Performance
The current share price for Caverton Offshore Support GRP PLC stocks is 1.72 NGN [2021/09/20], with an overall market capitalization of 5.76 billion NGN. The P/E ratio is 1.10 NGN and earnings per share is 1.57 NGN. Caverton Offshore Support GRP PLC currently has a total of 3.35 billion shares outstanding.
The analysis on the financial performance data for Caverton Offshore Support GRP PLC for the second quarter of 2021, which ended June 30, showed that the company achieved gross profits of 3,171.02 million NGN with total revenue of 9,909.20 million NGN, which is up from 8,159.90 million NGN reported at the end of the first quarter.
Caverton Offshore Support GRP PLC achieved overall operating income of 1,199.71 million NGN and a net income of 259.69 million NGN after taxes. The company’s diluted EPS excluding ExtraOrd Items was 0.08 NGN with a diluted normalized EPS of 0.08 NGN.
These financial results for the latest period showed that Caverton Offshore Support GRP PLC achieved significant improvements in revenues as well as profits, boding well for investors who buy or sell shares as they can expect lucrative dividends and returns.
The analysis on the live chart for CAVERTON stocks indicated that the performance relating to revenues has increased from the last quarter, allowing analysts to forecast a positive outlook for Caverton Offshore Support GRP PLC for quarters to come.
Looking Back – Caverton Offshore Support GRP PLC in 2021
Caverton Offshore Support GRP PLC started the year with a price of 2.05 NGN. However, this has decreased by 16.1% from the date of the price valuation. Because of this, Caverton Offshore Support GRP PLC is currently ranked it 140th on the NGX in terms of its year-to-date performance.
However, despite this, Caverton Offshore Support GRP PLC is the 56th most-traded stock on NGX. An analysis on the trading activities and volume for CAVERTON stocks indicates that an overall trading volume of 32.7 million shares was achieved.
These shares were traded in 776 deals, with an overall value of 59.2 million NGN over the period, with 519,253 shares traded per session. CAVERTON recorded with an all-time volume high of 2.52 million in August and a low of 39 for July, within the same period. During the past 10 days, CAVERTON experienced trading volumes between 146,637 and 2,104,000.
Despite the many challenges that industries and economies still face because of the Covid-19 pandemic and its subsequent impacts, Caverton Offshore Support GRP PLC managed to achieve improved financial performance.
This was impressive, especially when considering the significant reduction of economic activities that International and Local Oil and Gas companies experienced, especially when considering that there are many who are large clients of Caverton Offshore Support GRP PLC.
Caverton Offshore Support GRP PLC’s marine service sector has announced strategic plans to focus on exploration of opportunities in and outside the Oil and Gas sectors, allowing the company to grow even further, boding well for shareholders who want to buy and sell CAVERTON shares.
How to buy Caverton Offshore Support GRP PLC stocks Step-by-step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participation daily. To buy, sell or trade CAVERTON stocks, traders and investors can follow these simple steps:
- Find the share that you want to purchase, in this case, “CAVERTON”.
- Select a forex broker that offers access to the Nigerian Stock Exchange(NGX).
- Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
- Make your first share purchase through the broker.
- Build and diversify your portfolio when you buy more shares.
