Velesto Energy

VELESTO

MYL5243OO000

Velesto Energy Berhad is a Malaysia-based multinational provider of services for the upstream sector of the oil and gas industry. The Company owns and operates six jack-up drilling rigs, which are capable of operating in water depths of up to 400 feet. The Company is also a provider of workover services through its fleet of hydraulic workover units. In addition, it provides integrated drilling and workover services to meet its clientsâ requirements. The Company has four segments. The drilling services segment is principally involved in the provision of drilling services to the upstream oil and gas sector. This segment owns and operates several drilling rigs. The integrated services segment principally provide hydraulic workover operation. The oilfield services segment principally provides oil country tubular goods threading, repair and inspection services. The others segment is involved in investment holding, provision of support services, management and corporate services.

Sector

Oil & Gas Drilling

Calendar

2024-08-26 - Q2 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Ratings for Velesto Energy

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.255 MYR

Average target price

0.3321 MYR

Spread / Average Target

+30.25%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Oil & Gas Drilling

	1st Jan change	Capi.
VELESTO ENERGY	+10.87%	449M
ADNOC DRILLING COMPANY	+15.08%	19.99B
CHINA OILFIELD SERVICES LIMITED	-10.03%	8.17B
NOBLE CORPORATION PLC	-9.05%	6.54B
ADES HOLDING COMPANY	-15.17%	5.94B
VALARIS LIMITED	+11.94%	5.56B
TRANSOCEAN LTD.	-16.54%	4.8B
PATTERSON-UTI ENERGY, INC.	-5.19%	4.12B
HELMERICH & PAYNE, INC.	+3.81%	3.71B
SINOPEC OILFIELD SERVICE CORPORATION	+7.22%	3.73B

Other Oil & Gas Drilling

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-07-11 pm EDT			5-day change	1st Jan Change
0.255 ^MYR	-1.92%		-5.56%	+10.87%

Jul. 10	Tvelesto Energy Berhad Announces Appointment of Mrs. Ahila A/P Ganesan as Independent and Non Executive Member of Nomination and Remuneration Committee	CI
Jul. 10	Velesto Energy Berhad Announces Retirement of Encik Fadzihan Abbas Bin Mohamed Ramlee as Independent and Non Executive Non Executive Member of Risk Committee	CI

Tvelesto Energy Berhad Announces Appointment of Mrs. Ahila A/P Ganesan as Independent and Non Executive Member of Nomination and Remuneration Committee	Jul. 10	CI
Velesto Energy Berhad Announces Retirement of Encik Fadzihan Abbas Bin Mohamed Ramlee as Independent and Non Executive Non Executive Member of Risk Committee	Jul. 10	CI
Velesto Energy Berhad Announces Retirement of Datuk George Ling Kien Sing as Independent and Non Executive Member of Audit Committee	Jul. 10	CI
Velesto Energy Berhad Announces Appointment Of Datuk George Ling Kien Sing as Independent and Non Executive Member of Nomination and Remuneration Committee	Jul. 10	CI
Velesto Energy Berhad Announces Retirement of IR Dr Mohd Shahreen Zainooreen Bin Madros as Independent and Non Executive Chairman of Nomination and Remuneration Committee	Jul. 10	CI
Velesto Energy Berhad Announces Appointment of Ir Dr Mohd Shahreen Zainooreen Bin Madros as Independent and Non Executive Member of Risk Committee	Jul. 10	CI
Velesto Energy Berhad Announces Appointment of Encik Alan Hamzah Sendut as Independent and Non Executive Non Executive Member of Risk Committee	Jul. 10	CI
Velesto Energy Berhad Announces Appointment of Puan Rowina Ghazali Seth as Independent and Non Executive Member of Audit Committee	Jul. 10	CI
Velesto Energy Berhad Announces Retirement of Puan Rowina Ghazali Seth as Independent and Non Executive Chairman of Risk Committee	Jul. 10	CI
Velesto Energy Berhad Announces Redesignation of Puan Rowina Ghazali Seth as Independent and Non Executive Chairman of Nomination and Remuneration Committee from Member of Nomination and Remuneration Committee	Jul. 10	CI
Velesto Energy Berhad Announces Appointment of Puan Haida Shenny Binti Hazri as Independent and Non Executive Non Executive Chairman of Risk Committee	Jul. 10	CI
Velesto Energy Profit Soars in Q1	May. 24	MT
Velesto Energy Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 23	CI
Velesto Energy Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 27	CI
Velesto Energy Berhad Announces Single-Tier Interim Dividend in Respect of the Financial Year Ended 31 December 2023, Payable on 24 May 2024	Feb. 27	CI
Velesto Energy Berhad Announces Changes in Board of Directors' Committees Composition	Feb. 02	CI
Velesto Energy Berhad Appoints Encik Alan Hamzah Sendut as Independent and Non Executive Director	Feb. 02	CI
Velesto Energy Berhad Appoints Encik Alan Hamzah Sendut as Independent and Non Executive Chairman of Audit Committee	Feb. 02	CI
Velesto Energy Berhad Announces Resignation of Tong Poh Keow as Independent and Non Executive Chairman of Audit Committee	Nov. 30	CI
Velesto Energy Berhad Announces Resignation of Tong Poh Keow as Independent and Non Executive Director, Effective on December 1, 2023	Nov. 30	CI
Velesto Energy Berhad Announces Resignation of Tong Poh Keow as Independent and Non Executive Member of Nomination and Remuneration Committee, Effective on December 01, 2023	Nov. 30	CI
Velesto Energy Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 29	CI
Velesto Energy to Grant Share Options to Employees, Directors	Nov. 07	MT
Velesto Energy Berhad Announces Cessation of Office of Encik Mohd Irwan Bin Ahmad Mustafa @ Mustafa as Member of Risk Committee	23-09-01	CI
Velesto Energy Berhad Announces Appointment of Encik Fadzihan Abbas Bin Mohamed Ramlee as Member of Risk Committee	23-09-01	CI