Kepler Capital analyst Kevin Roger maintained a Hold rating on Shelf Drilling (SHLLF) on July 3 and set a price target of NOK8.00. The company’s shares closed last Wednesday at $0.35.
According to TipRanks.com, Roger has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -10.1% and a 28.9% success rate. Roger covers the Services 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 $0.85.
See today’s analyst top recommended stocks >>
Based on Shelf Drilling’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $181 million and GAAP net loss of $185 million. In comparison, last year the company earned revenue of $147 million and had a GAAP net loss of $13.6 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
