Stock NOL NORTHERN OCEAN LTD.
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Ratings Northern Ocean Ltd.

Equities

NOL

BMG6682J1036

Real-time Oslo Bors
Other stock markets
 05:12:02 2024-06-06 am EDT 		5-day change 1st Jan Change
8.75 NOK -0.23% Intraday chart for Northern Ocean Ltd. -3.85% -20.02%
May. 29 Northern Ocean Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Apr. 05 Northern Ocean Ltd. Announces Step Down of Scott McReaken as CEO CI

Summary

  • Overall, the company has poor fundamentals for a medium to long-term investment strategy.
  • From a short-term investment perspective, the company presents a deteriorated fundamental configuration.

Strengths

  • The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
  • The company appears to be poorly valued given its net asset value.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
  • Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.

Weaknesses

  • The company sustains low margins.
  • One of the major weak points of the company is its financial situation.
  • For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
  • For the past year, analysts have significantly revised downwards their profit estimates.
  • For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
  • Over the past twelve months, analysts' consensus has been significantly revised downwards.
  • The group usually releases earnings worse than estimated.

Ratings chart - Surperformance

Sector: Oil & Gas Drilling

1st Jan change Capi. Investor Rating ESG Refinitiv
NORTHERN OCEAN LTD. Stock Northern Ocean Ltd.
-20.02% 151M -
ADNOC DRILLING COMPANY Stock ADNOC Drilling Company
+10.32% 18.93B -
CHINA OILFIELD SERVICES LIMITED Stock China Oilfield Services Limited
-2.88% 8.88B
B-
NOBLE CORPORATION PLC Stock Noble Corporation Plc
-10.92% 6.11B
C-
ADES HOLDING COMPANY Stock ADES Holding Company
-18.25% 5.66B -
VALARIS LIMITED Stock Valaris Limited
+4.97% 5.21B
B
TRANSOCEAN LTD. Stock Transocean Ltd.
-14.65% 4.44B
B-
PATTERSON-UTI ENERGY, INC. Stock Patterson-UTI Energy, Inc.
-4.17% 4.16B
B-
SINOPEC OILFIELD SERVICE CORPORATION Stock Sinopec Oilfield Service Corporation
+7.22% 3.67B
B-
HELMERICH & PAYNE, INC. Stock Helmerich & Payne, Inc.
-2.54% 3.48B
C+
Investor Rating
Trading Rating
ESG Refinitiv
-

Financials

Sales growth
Earnings Growth
-
EBITDA / Sales
Profitability
Finances

Valuation

P/E ratio
-
EV / Sales
Price to Book
Price to Free Cash Flow
-
Yield
-

Momentum

1 year Revenue revision
4 months Revenue revision
7 days Revenue revision
1 year EPS revision
4 months EPS revision

Consensus

Analyst Opinion
Potential Price Target
4m Target Price Revision
4m Revision of opinion
-
12m Revision of opinion

Business Predictability

Analyst Coverage
Divergence of Estimates
-
Divergence of analysts' opinions
-
Divergence of Target Price
Earnings quality

Technical analysis

ST Timing
MT Timing
LT Timing
RSI
Bollinger Spread
Unusual volumes
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