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NOL - Northern Ocean Share Price

NOK11.48 -0.4  -3.5%

Last Trade - 15/04/21

Market Cap £63.3m
Enterprise Value £374.3m
Revenue £68.4m
Position in Universe 1029th / 1831
Bullish
Bearish
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Momentum
Relative Strength (%)
1m -17.7%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -29.1%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Dec 2015 2016 2017 2018 2019 2020 2021E 2022E CAGR / Avg
0.000 0.000 0.000 0.000 14.0 94.6 204.7 167.8
PEG
Profitability
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Dividends
Balance Sheet
NFA
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FINANCIAL BRIEF: : For the fiscal year ended 31 December 2020, NorthernOcean Ltd revenues increased from $14M to $94.6M. Net lossincreased from $8.2M to $36.5M. Revenues reflect ContractRevenue increase from $11.2M to $86.8M, ReimbursableRevenue increase from $2.1M to $7.1M. Higher net lossreflects Depreciation increase from $3M to $29.6M (expense), Reimbursed Costs increase from $2M to $7M (expense).
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
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Safe
Earnings Manipulation Risk(M-Score)
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Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Graphical History

Revenue

NOL Revenue Unlock NOL Revenue

Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2021
31st Dec 2022
Est. Long Term Growth Rate: Net Profit
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Consensus Estimate
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Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2020 /  2021
NOL EPS Forecasts Unlock NOL Revenue
Profile Summary

Northern Ocean Limited, formerly Northern Rig Holding Ltd, is a Bermuda-based international drilling contractor company. The Company owns and engages in offshore contract drilling for the oil and gas industry in benign and other environments worldwide. It contracts its drilling rigs primarily on a dayrate basis for periods approximately between one and ten years to drill wells for its customers by targeting integrated and independent oil and gas companies. The Company’s drilling wells include West Mira and West Bollsta.

Directors
Last Annual December 31st, 2020
Last Interim December 31st, 2020
Incorporated January 2, 2019
No. of Shareholders: n/a
No. of Employees: 2
Sector Energy
Industry Oil & Gas Related Equipment and Services
Index
Exchange Oslo Stock Exchange
Shares in Issue 63,802,378
Free Float (0.0%)
Eligible for
ISAs
SIPPs
NOL Share Price Performance
Share Price
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Latest News for NOL
Upcoming Events for NOL
Frequently Asked Questions for Northern Ocean
What is the Northern Ocean share price?

As of 15/04/21, shares in Northern Ocean are trading at NOK11.48, giving the company a market capitalisation of £63.3m. This share price information is delayed by 15 minutes.

How has the Northern Ocean share price performed this year?

Shares in Northern Ocean are currently trading at NOK11.48 and the price has moved by 51.59% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Northern Ocean price has moved by 17.47% over the past year.

What are the analyst and broker recommendations for Northern Ocean?

There are no analysts currently covering Northern Ocean.

When will Northern Ocean next release its financial results?

Northern Ocean is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-12-31
What is the Northern Ocean dividend yield?

Northern Ocean does not currently pay a dividend.

Does Northern Ocean pay a dividend?

Northern Ocean does not currently pay a dividend.

When does Northern Ocean next pay dividends?

Northern Ocean does not currently pay a dividend.

How do I buy Northern Ocean shares?

To buy shares in Northern Ocean you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Northern Ocean?

Shares in Northern Ocean are currently trading at NOK11.48, giving the company a market capitalisation of £63.3m.

Where are Northern Ocean shares listed? Where are Northern Ocean shares listed?

Here are the trading details for Northern Ocean:

Country of listing: Norway
Exchange: OSL
Ticker Symbol: NOL
What kind of share is Northern Ocean?

Based on an overall assessment of its quality, value and momentum, Northern Ocean is currently classified as a Turnaround. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Northern Ocean share price forecast 2021?

Shares in Northern Ocean are currently priced at NOK11.48. At that level they are trading at 16.77% discount to the analyst consensus target price of 0.00.

Analysts covering Northern Ocean currently have a consensus Earnings Per Share (EPS) forecast of 0.2752792879 for the next financial year.

How can I tell whether the Northern Ocean share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Northern Ocean. Over the past six months, the relative strength of its shares against the market has been 62.8%. At the current price of NOK11.48, shares in Northern Ocean are trading at 27.61% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Northern Ocean PE Ratio?

We were not able to find PE ratio data for Northern Ocean.

Who are the key directors of Northern Ocean?

We were unable to find the directors for Northern Ocean.

Who are the major shareholders of Northern Ocean?

Here are the top five shareholders of Northern Ocean based on the size of their shareholding:

Hemen Holding Limited Holding Company
Percentage owned: 39.55% (25.2m shares)
Hayfin Capital Management LLP Investment Advisor
Percentage owned: 10.02% (6.40m shares)
Pelham Capital Ltd Hedge Fund
Percentage owned: 4.85% (3.09m shares)
Danske Invest Asset Management AS Investment Advisor
Percentage owned: 2.91% (1.86m shares)
Skagen Vekst Fund Mutual Fund
Percentage owned: 2.35% (1.50m shares)
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