Added to YB: 2026-07-28
Pitch date: 2026-07-24
COSH.OL [neutral]
Constellation Oil Services Holding S.A.
-2.11%
current return
Author Info
No bio for this author
Company Info
Constellation Oil Services Holding S.A., together with its subsidiaries, owns, charters, and operates offshore drilling rigs for exploration and production companies in Brazil.
Market Cap
NOK 1.3B
Pitch Price
NOK 142.00
Price Target
200.00 (+41%)
Dividend
N/A
EV/EBITDA
6.22
P/E
-15.49
EV/Sales
2.78
Sector
Energy Equipment and Services
Category
dividend
Constellation Oil Services. All set for dividend increase
COSH.OL: Brazil offshore driller, 25% share, 87% of 2026-28 rev on backlog, Petrobras-anchored. New $650M 7.7% bond (from 9.375%) cuts covenants. $100M div (8% yield) likely doubling to $200M in 2027. Lone Star/Atlantic Star = upside not in guidance. At 141 NOK trades 4.1x EV/EBITDA (2.6x 2028e) vs 6-8x peers; 4.5x 2027e = ~200 NOK. Risks: Petrobras/country concentration, oil cycle.
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