Added to YB: 2026-03-20
Pitch date: 2026-01-22
VTURA.OL [bullish]
Ventura Offshore Holding Ltd.
+9.57%
current return
Author Info
No bio for this author
Company Info
Ventura Offshore Holding Ltd., a deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.
Market Cap
NOK 284.3M
Pitch Price
NOK 23.00
Price Target
41.00 (+63%)
Dividend
N/A
EV/EBITDA
2.43
P/E
3.02
EV/Sales
1.05
Sector
Energy Equipment and Services
Category
value
Ventura Offshore Holding Ltd. - $VTURA.OL
VTURA.OL: Brazilian driller w/ 3 rigs. Victoria frontrunner for Búzios tender (awards 1Q26, commencement 4Q26/1Q27)—key catalyst. If Victoria wins + Catarina gets contract, 27e/28e EBITDA $147/153M, FCFE $101/127M at 3.1x/2.4x EV/EBITDA & 40%/51% yield. Tier-2 fleet w/ industry-low opex $114k/day vs peers $130-150k. PT NOK 41 (80% upside) at 4.5x NTM EV/EBITDA vs sector 6-7x. Risks: Victoria loses tender, equity raise needed, 2 of 3 rigs roll off Aug/Sep-26.
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