Kepler Capital Sticks to Their Hold Rating for Shelf Drilling (SHLLF)
Kepler Capital analyst Kevin Roger maintained a Hold rating on Shelf Drilling (SHLLF) on September 7 and set a price target of NOK4.00. The company’s shares closed last Monday at $0.38, equals to its 52-week high of $0.38.
According to TipRanks.com, Roger is a 2-star analyst with an average return of 0.4% and a 37.0% success rate. Roger covers the Industrial Goods sector, focusing on stocks such as Borr Drilling, Kvaerner ASA, and BW Offshore.
Currently, the analyst consensus on Shelf Drilling is a Hold with an average price target of $0.44.
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The company has a one-year high of $0.38 and a one-year low of $0.35. Currently, Shelf Drilling has an average volume of 2,945.
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Shelf Drilling Ltd operates as a shallow water offshore drilling contractor. The company is engaged in the drilling and completion of exploratory and developmental offshore oil and natural gas wells. Geographically, it derives a majority of revenue from Saudi Arabia and also has a presence in Thailand; Nigeria; United Arab Emirates; India and Other Countries.