Northern Ocean (NOL) 주식 개요는 전 세계 석유 및 가스 산업을 위한 해양 계약 시추 서비스를 제공하는 회사입니다. 자세히 보기NOL 펀더멘털 분석스노우플레이크 점수가치 평가4/6미래 성장0/6과거 실적0/6재무 건전성3/6배당0/6강점공정 가치 추정치보다 낮은 65.8% 에서 거래위험 분석현재 수익성이 없으며 향후 3년 동안 수익을 낼 것으로 예상되지 않습니다.cash runway 경력이 1년 미만입니다.모든 위험 점검 보기NOL Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW481,989 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA481,989 investors already sharing narrativesYour Fair ValueNOK Current PriceNOK 7.503.2k% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-115m268m2016201920222025202620282031Revenue US$7.1mEarnings US$676.2kAdvancedSet Fair ValueView all narrativesNorthern Ocean Ltd. 경쟁사ArcherSymbol: OB:ARCHMarket cap: NOK 2.5bOdfjell TechnologySymbol: OB:OTLMarket cap: NOK 2.3bVentura Offshore HoldingSymbol: OB:VTURAMarket cap: NOK 3.1bDeep Value DrillerSymbol: OB:DVDMarket cap: NOK 1.9b가격 이력 및 성과Northern Ocean 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가NOK 7.5052주 최고가NOK 10.8852주 최저가NOK 5.52베타0.251개월 변동-7.41%3개월 변동-13.79%1년 변동25.00%3년 변동-47.55%5년 변동-7.64%IPO 이후 변동-84.85%최근 뉴스 및 업데이트공고 • Jul 03Northern Ocean Ltd. Announces Appointment of Lars Pedersen as DirectorNorthern Ocean Ltd. announced the appointment of Lars Pedersen as a Director. Mr. Pedersen is an international maritime executive with more than 35 years of leadership experience across shipping and offshore support services. He has spent the past eight years with Frontline Management AS, where he serves as Chief Technical Officer, leading global fleet operations, digital transformation, ESG initiatives, and strategic growth, while also serving as Managing Director of Flex LNG Fleet Management. Previously, he held senior leadership positions with BW Group, A.P. Moller–Maersk, and Höegh. Lars brings extensive expertise in corporate governance, AI, Sale & Purchase (S&P), Mergers & Acquisitions (M&A), and major shipbuilding programs in China and South Korea. He serves on the board of Arundo Analytics and completed the Executive Board Leadership Programme at Copenhagen Business School. Following the appointment of Mr. Pedersen, the Board consisted of six directors.Reported Earnings • May 31First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: US$0.08 loss per share (further deteriorated from US$0.037 loss in 1Q 2025). Revenue: US$13.3m (down 76% from 1Q 2025). Net loss: US$23.1m (loss widened 106% from 1Q 2025). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to decline by 49% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Norway are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Major Estimate Revision • Mar 06Consensus revenue estimates fall by 36%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$102.2m to US$65.4m. Forecast losses increased from -US$0.104 to -US$0.178 per share. Energy Services industry in Norway expected to see average net income growth of 30% next year. Consensus price target of kr11.00 unchanged from last update. Share price was steady at kr9.11 over the past week.Reported Earnings • Mar 02Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: US$0.34 loss per share (further deteriorated from US$0.23 loss in FY 2024). Revenue: US$279.4m (up 11% from FY 2024). Net loss: US$102.7m (loss widened 56% from FY 2024). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 82%. Revenue is expected to decline by 55% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Norway are expected to grow by 5.4%. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Price Target Changed • Feb 12Price target increased by 18% to kr11.25Up from kr9.50, the current price target is an average from 2 analysts. New target price is 21% above last closing price of kr9.30. Stock is up 17% over the past year. The company is forecast to post a net loss per share of US$0.19 next year compared to a net loss per share of US$0.23 last year.공고 • Feb 05Northern Ocean Ltd., Annual General Meeting, May 12, 2026Northern Ocean Ltd., Annual General Meeting, May 12, 2026.더 많은 업데이트 보기Recent updates공고 • Jul 03Northern Ocean Ltd. Announces Appointment of Lars Pedersen as DirectorNorthern Ocean Ltd. announced the appointment of Lars Pedersen as a Director. Mr. Pedersen is an international maritime executive with more than 35 years of leadership experience across shipping and offshore support services. He has spent the past eight years with Frontline Management AS, where he serves as Chief Technical Officer, leading global fleet operations, digital transformation, ESG initiatives, and strategic growth, while also serving as Managing Director of Flex LNG Fleet Management. Previously, he held senior leadership positions with BW Group, A.P. Moller–Maersk, and Höegh. Lars brings extensive expertise in corporate governance, AI, Sale & Purchase (S&P), Mergers & Acquisitions (M&A), and major shipbuilding programs in China and South Korea. He serves on the board of Arundo Analytics and completed the Executive Board Leadership Programme at Copenhagen Business School. Following the appointment of Mr. Pedersen, the Board consisted of six directors.Reported Earnings • May 31First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: US$0.08 loss per share (further deteriorated from US$0.037 loss in 1Q 2025). Revenue: US$13.3m (down 76% from 1Q 2025). Net loss: US$23.1m (loss widened 106% from 1Q 2025). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to decline by 49% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Norway are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Major Estimate Revision • Mar 06Consensus revenue estimates fall by 36%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$102.2m to US$65.4m. Forecast losses increased from -US$0.104 to -US$0.178 per share. Energy Services industry in Norway expected to see average net income growth of 30% next year. Consensus price target of kr11.00 unchanged from last update. Share price was steady at kr9.11 over the past week.Reported Earnings • Mar 02Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: US$0.34 loss per share (further deteriorated from US$0.23 loss in FY 2024). Revenue: US$279.4m (up 11% from FY 2024). Net loss: US$102.7m (loss widened 56% from FY 2024). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 82%. Revenue is expected to decline by 55% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Norway are expected to grow by 5.4%. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Price Target Changed • Feb 12Price target increased by 18% to kr11.25Up from kr9.50, the current price target is an average from 2 analysts. New target price is 21% above last closing price of kr9.30. Stock is up 17% over the past year. The company is forecast to post a net loss per share of US$0.19 next year compared to a net loss per share of US$0.23 last year.공고 • Feb 05Northern Ocean Ltd., Annual General Meeting, May 12, 2026Northern Ocean Ltd., Annual General Meeting, May 12, 2026.공고 • Feb 04+ 4 more updatesNorthern Ocean Ltd. to Report First Half, 2026 Results on Aug 28, 2026Northern Ocean Ltd. announced that they will report first half, 2026 results on Aug 28, 2026Major Estimate Revision • Feb 01Consensus EPS estimates fall by 61%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$249.5m to US$231.0m. Losses expected to increase from US$0.12 per share to US$0.20. Energy Services industry in Norway expected to see average net income growth of 8.4% next year. Consensus price target of kr9.25 unchanged from last update. Share price was steady at kr9.14 over the past week.New Risk • Jan 30New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$66m Forecast net loss in 2 years: US$19m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$54m). Currently unprofitable and not forecast to become profitable over next 2 years (US$19m net loss in 2 years).Breakeven Date Change • Jan 30No longer forecast to breakevenThe analyst covering Northern Ocean no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$13.1m in 2026. New forecast suggests the company will make a loss of US$5.90m in 2027.Reported Earnings • Nov 29Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: US$0.09 loss per share (improved from US$0.13 loss in 3Q 2024). Revenue: US$57.4m (up 52% from 3Q 2024). Net loss: US$25.9m (loss narrowed 28% from 3Q 2024). Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Major Estimate Revision • Nov 27Consensus estimates of losses per share improve by 31%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$231.6m to US$235.3m. EPS estimate increased from -US$0.169 per share to -US$0.117 per share. Energy Services industry in Norway expected to see average net income growth of 8.0% next year. Consensus price target of kr7.00 unchanged from last update. Share price was steady at kr8.11 over the past week.New Risk • Nov 26New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$76m Forecast net loss in 2 years: US$4.8m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$81m). Currently unprofitable and not forecast to become profitable over next 2 years (US$4.8m net loss in 2 years).New Risk • Nov 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$81m).Buy Or Sell Opportunity • Nov 11Now 21% overvaluedOver the last 90 days, the stock has fallen 7.9% to kr5.98. The fair value is estimated to be kr4.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 28% in a year. Earnings are forecast to grow by 75% in the next year.Buy Or Sell Opportunity • Oct 16Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 4.6% to kr6.08. The fair value is estimated to be kr4.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 28% in a year. Earnings are forecast to grow by 75% in the next year.Price Target Changed • Sep 10Price target decreased by 26% to kr7.00Down from kr9.50, the current price target is provided by 1 analyst. New target price is 13% above last closing price of kr6.22. Stock is down 5.0% over the past year. The company is forecast to post a net loss per share of US$0.17 next year compared to a net loss per share of US$0.23 last year.Reported Earnings • Aug 31Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: US$0.05 loss per share (further deteriorated from US$0.033 loss in 2Q 2024). Revenue: US$52.6m (down 25% from 2Q 2024). Net loss: US$15.1m (loss widened 139% from 2Q 2024). Revenue exceeded analyst estimates by 67%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Breakeven Date Change • Aug 29The 2 analysts covering Northern Ocean previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 22% to 2025. The company is expected to make a profit of US$13.0m in 2026. Average annual earnings growth of 122% is required to achieve expected profit on schedule.Buy Or Sell Opportunity • Aug 04Now 20% overvaluedOver the last 90 days, the stock has fallen 1.1% to kr6.28. The fair value is estimated to be kr5.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 68% over the last 3 years. Earnings per share has grown by 9.6%. Revenue is forecast to grow by 8.5% in a year. Earnings are forecast to grow by 48% in the next year.Major Estimate Revision • Jul 30Consensus EPS estimates upgraded to US$0.12 loss, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$238.5m to US$234.3m. 2025 losses expected to reduce from -US$0.168 to -US$0.117 per share. Energy Services industry in Norway expected to see average net income growth of 20% next year. Consensus price target of kr9.00 unchanged from last update. Share price was steady at kr5.95 over the past week.분석 기사 • May 06Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • May 05Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: US$0.23 loss per share (improved from US$0.39 loss in FY 2023). Revenue: US$252.9m (up 17% from FY 2023). Net loss: US$65.7m (loss narrowed 7.4% from FY 2023). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 55%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.New Risk • Apr 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$75m). Share price has been volatile over the past 3 months (8.3% average weekly change).Price Target Changed • Apr 25Price target decreased by 14% to kr9.50Down from kr11.00, the current price target is an average from 2 analysts. New target price is 76% above last closing price of kr5.40. The company is forecast to post a net loss per share of US$0.16 next year compared to a net loss per share of US$0.23 last year.Major Estimate Revision • Mar 27Consensus EPS estimates fall by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$246.7m to US$238.0m. Losses expected to increase from US$0.14 per share to US$0.17. Energy Services industry in Norway expected to see average net income growth of 42% next year. Consensus price target of kr11.00 unchanged from last update. Share price rose 5.3% to kr7.00 over the past week.Major Estimate Revision • Mar 16Consensus estimates of losses per share improve by 40%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$238.8m to US$243.0m. EPS estimate increased from -US$0.221 per share to -US$0.133 per share. Energy Services industry in Norway expected to see average net income growth of 42% next year. Consensus price target of kr11.00 unchanged from last update. Share price rose 4.5% to kr6.74 over the past week.Recent Insider Transactions • Mar 14Chief Commercial Officer recently bought kr442k worth of stockOn the 12th of March, Eirik Sunde bought around 68k shares on-market at roughly kr6.48 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Breakeven Date Change • Feb 27Forecast breakeven date moved forward to 2025The 2 analysts covering Northern Ocean previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$3.40m in 2025. Earnings growth of 145% is required to achieve expected profit on schedule.Reported Earnings • Feb 26Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: US$0.23 loss per share (improved from US$0.39 loss in FY 2023). Revenue: US$263.9m (up 22% from FY 2023). Net loss: US$65.7m (loss narrowed 7.4% from FY 2023). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 55%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year.Major Estimate Revision • Feb 07Consensus EPS estimates fall by 41%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$273.0m to US$270.0m. Losses expected to increase from US$0.15 per share to US$0.21. Energy Services industry in Norway expected to see average net income growth of 55% next year. Consensus price target up from kr11.00 to kr11.50. Share price rose 4.0% to kr7.97 over the past week.Price Target Changed • Feb 06Price target increased by 9.5% to kr11.50Up from kr10.50, the current price target is an average from 2 analysts. New target price is 43% above last closing price of kr8.05. The company is forecast to post a net loss per share of US$0.21 next year compared to a net loss per share of US$0.39 last year.공고 • Jan 22Northern Ocean Ltd., Annual General Meeting, May 08, 2025Northern Ocean Ltd., Annual General Meeting, May 08, 2025.공고 • Jan 21+ 4 more updatesNorthern Ocean Ltd. to Report Fiscal Year 2025 Final Results on Apr 22, 2026Northern Ocean Ltd. announced that they will report fiscal year 2025 final results on Apr 22, 2026Major Estimate Revision • Jan 11Consensus EPS estimates fall by 76%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.083 to -US$0.147 per share. Revenue forecast unchanged at US$268.4m. Energy Services industry in Norway expected to see average net income growth of 81% next year. Consensus price target up from kr10.50 to kr11.00. Share price was steady at kr8.19 over the past week.New Risk • Dec 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change).Reported Earnings • Nov 24Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: US$0.19 loss per share (further deteriorated from US$0.097 loss in 3Q 2023). Revenue: US$39.9m (down 46% from 3Q 2023). Net loss: US$35.9m (loss widened 103% from 3Q 2023). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 149%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Major Estimate Revision • Nov 20Consensus EPS estimates fall by 58%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$271.7m to US$274.8m. Forecast EPS reduced from -US$0.084 to -US$0.133 per share. Energy Services industry in Norway expected to see average net income growth of 71% next year. Consensus price target of kr10.50 unchanged from last update. Share price rose 13% to kr8.55 over the past week.New Risk • Nov 18New major risk - Revenue and earnings growthEarnings have declined by 30% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding).Breakeven Date Change • Nov 14Forecast breakeven date pushed back to 2026The 2 analysts covering Northern Ocean previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$32.2m in 2026. Average annual earnings growth of 119% is required to achieve expected profit on schedule.Breakeven Date Change • Oct 25Forecast breakeven date pushed back to 2026The 2 analysts covering Northern Ocean previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$40.5m in 2026. Average annual earnings growth of 122% is required to achieve expected profit on schedule.Breakeven Date Change • Oct 17Forecast breakeven date pushed back to 2026The 2 analysts covering Northern Ocean previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$34.7m in 2026. Average annual earnings growth of 118% is required to achieve expected profit on schedule.Breakeven Date Change • Sep 29Forecast breakeven date pushed back to 2026The 2 analysts covering Northern Ocean previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$41.2m in 2026. Average annual earnings growth of 122% is required to achieve expected profit on schedule.공고 • Sep 12Northern Ocean Ltd. Appoints Eirik Sunde as Chief Commercial Officer, Effective as of 1 December 2024Northern Ocean Ltd. has appointed Eirik Sunde as the new Chief Commercial Officer, effective as of 1 December 2024. Eirik Sunde joins NOL from Transocean, where he has served as Senior Marketing Manager, overseeing commercial processes for the Norwegian sector. Eirik holds a Masters degree in economics from the University of Edinburgh.Major Estimate Revision • Sep 04Consensus estimates of losses per share improve by 45%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$254.7m to US$264.5m. EPS estimate increased from -US$0.212 per share to -US$0.117 per share. Energy Services industry in Norway expected to see average net income growth of 54% next year. Consensus price target of kr12.00 unchanged from last update. Share price fell 3.7% to kr6.94 over the past week.Reported Earnings • Aug 29Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: US$0.03 loss per share (improved from US$0.099 loss in 2Q 2023). Revenue: US$73.3m (up 109% from 2Q 2023). Net loss: US$6.31m (loss narrowed 65% from 2Q 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 7.4%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.공고 • Aug 21Northern Ocean Ltd. Appoints Arne Jacobsen as New CEO, Effective 20 August 2024The Board of Directors of Northern Ocean Ltd. has appointed Arne Jacobsen as the new Chief Executive Officer of NOL effective as of 20 August 2024. Arne Jacobsen was previously the Chief Executive Officer (CEO) of Orion, a joint venture between Hayfin Capital and Transocean, and has experience as a senior investment advisor for the oil and gas investment portfolio of Hayfin Capital. Beyond his background as an investment professional, Arne Jacobsen holds extensive commercial and operational experience from the oil and gas industry. Before joining Hayfin Capital, Jacobsen held leading positions in Songa Offshore and Ocean Rig, where he was positioned both in Brazil, South Korea and Norway.공고 • Aug 09Hemen Holding Limited completed the acquisition of 6.62% stake in Northern Ocean Ltd. (OB:NOL) for NOK 140 million.Hemen Holding Limited launched a mandatory offer to acquire remaining 52.39% stake in Northern Ocean Ltd. (OB:NOL) for NOK 1.11 billion on July 10, 2024. Offer price is NOK 7 per share in Northern. As of the date hereof, Hemen holds 144,373,315 shares in Northern Ocean, representing 47.61% of the shares and votes in Northern Ocean. Offer period starts from 11 July 2024 to 8 August 2024. The Offer Price corresponds to the subscription price in the private placement announced on 19 June 2024 (the "Private Placement"), which also corresponds to the subscription price in the contemplated subsequent offering, which was also announced in connection with the Private Placement. The employees have not made any separate statement regarding the Offer. Based on a holistic and therefore judgmental evaluation of all the matters set out above, we have concluded that the terms of the Offer from a financial point of view does not represent a full and fair arm’s length price for all the outstanding shares of NOL. Pareto Securities AS acted as a Receiving agent to Northern Ocean. KWC AS as an independent third party to provide a fairness opinion and independent assessment of the Offer (“Independent Statement”) on behalf of the Northern Ocean. Hemen Holding Limited completed the acquisition of 6.62% stake in Northern Ocean Ltd. (OB:NOL) for NOK 140 million on August 8, 2024. At the expiry of the Offer Period, Hemen had received acceptances of the Offer amounting to 20,116,579 Shares, which taken together with the 144,373,315 Shares held by Hemen at commencement of the Offer Period equals 164,489,894 Shares, representing approximately 54.2% of the issued share capital and voting rights in NOL. The calculation of the number of shares tendered in the Offer is preliminary and may be subject to change until the shares tendered in the Offer have been collected from the VPS accounts of the NOL shareholders who have accepted the Offer following the standard T+2 settlement cycle, and such shares have been transferred to a settlement account of Pareto Securities AS (the \"Receiving Agent\"). The final result of the Offer will be announced once confirmed by the Receiving Agent, expected before the Oslo Stock Exchange opens on 14 August 2024. Cash settlement for the Offer will be made pursuant to the terms of the offer document and will take place no later than 22 August 2024, being 14 calendar days after expiry of the Offer Period. For further information on the Offer, refer to the offer document which is available at www.paretosec.com/transactions, subject to regulatory restrictions in certain jurisdictions.New Risk • Jun 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 66% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.New Risk • Jun 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (50% increase in shares outstanding).공고 • Jun 20Northern Ocean Ltd. announced that it has received NOK 633.767995 million in fundingNorthern Ocean Ltd. announced a private placement of 90,538,285 new shares at a price of NOK 7 per share for the gross proceeds of NOK 633,767,995 on June 19, 2024.Major Estimate Revision • Jun 06Consensus EPS estimates fall by 161%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$266.9m to US$257.1m. Losses expected to increase from US$0.079 per share to US$0.20. Energy Services industry in Norway expected to see average net income growth of 48% next year. Consensus price target of kr14.00 unchanged from last update. Share price fell 3.6% to kr8.77 over the past week.Reported Earnings • May 30First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: US$0.05 loss per share (improved from US$0.092 loss in 1Q 2023). Revenue: US$85.4m (up 175% from 1Q 2023). Net loss: US$9.64m (loss narrowed 43% from 1Q 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Apr 26Consensus EPS estimates fall by 20%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$246.5m to US$255.4m. Forecast EPS reduced from -US$0.063 to -US$0.075 per share. Energy Services industry in Norway expected to see average net income growth of 81% next year. Consensus price target of kr14.00 unchanged from last update. Share price fell 5.1% to kr9.01 over the past week.Major Estimate Revision • Mar 06Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.058 to -US$0.065 per share. Revenue forecast unchanged at US$256.7m. Energy Services industry in Norway expected to see average net income growth of 72% next year. Consensus price target of kr14.00 unchanged from last update. Share price rose 17% to kr9.51 over the past week.Reported Earnings • Feb 29Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: US$0.39 loss per share (improved from US$0.80 loss in FY 2022). Revenue: US$236.9m (up US$215.3m from FY 2022). Net loss: US$70.9m (loss narrowed 24% from FY 2022). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 9.9%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.분석 기사 • Feb 03Take Care Before Jumping Onto Northern Ocean Ltd. (OB:NOL) Even Though It's 28% CheaperUnfortunately for some shareholders, the Northern Ocean Ltd. ( OB:NOL ) share price has dived 28% in the last thirty...New Risk • Jan 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$132m). Share price has been volatile over the past 3 months (8.1% average weekly change).공고 • Jan 23+ 5 more updatesNorthern Ocean Ltd. to Report Q1, 2024 Results on May 29, 2024Northern Ocean Ltd. announced that they will report Q1, 2024 results on May 29, 2024Breakeven Date Change • Dec 24Forecast breakeven date pushed back to 2025The 2 analysts covering Northern Ocean previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 62% per year to 2024. The company is expected to make a profit of US$33.2m in 2025. Average annual earnings growth of 87% is required to achieve expected profit on schedule.Breakeven Date Change • Dec 21Forecast breakeven date pushed back to 2025The 2 analysts covering Northern Ocean previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 70% per year to 2024. The company is expected to make a profit of US$65.3m in 2025. Average annual earnings growth of 116% is required to achieve expected profit on schedule.Price Target Changed • Dec 13Price target decreased by 13% to kr17.90Down from kr20.50, the current price target is an average from 2 analysts. New target price is 83% above last closing price of kr9.78. Stock is up 2.5% over the past year. The company is forecast to post a net loss per share of US$0.37 next year compared to a net loss per share of US$0.80 last year.분석 기사 • Dec 13Not Many Are Piling Into Northern Ocean Ltd. (OB:NOL) Stock Yet As It Plummets 26%Northern Ocean Ltd. ( OB:NOL ) shareholders that were waiting for something to happen have been dealt a blow with a 26...Reported Earnings • Nov 29Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: US$0.097 loss per share (improved from US$0.24 loss in 3Q 2022). Revenue: US$74.2m (up US$73.9m from 3Q 2022). Net loss: US$17.7m (loss narrowed 36% from 3Q 2022). Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Sep 26Price target increased by 14% to kr20.50Up from kr18.00, the current price target is an average from 2 analysts. New target price is 38% above last closing price of kr14.88. Stock is up 60% over the past year. The company is forecast to post a net loss per share of US$0.23 next year compared to a net loss per share of US$0.80 last year.Reported Earnings • Aug 31Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: US$0.099 loss per share (improved from US$0.28 loss in 2Q 2022). Revenue: US$35.0m (up US$34.6m from 2Q 2022). Net loss: US$18.0m (loss narrowed 38% from 2Q 2022). Revenue exceeded analyst estimates by 35%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Jun 02Full year 2022 earnings released: US$0.80 loss per share (vs US$0.17 loss in FY 2021)Full year 2022 results: US$0.80 loss per share (further deteriorated from US$0.17 loss in FY 2021). Revenue: US$21.7m (down 63% from FY 2021). Net loss: US$92.9m (loss widened US$81.9m from FY 2021). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Jun 02Consensus EPS estimates fall by 61%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$209.6m to US$214.5m. Forecast EPS reduced from -US$0.144 to -US$0.232 per share. Energy Services industry in Norway expected to see average net income growth of 102% next year. Consensus price target up from kr18.00 to kr20.00. Share price fell 4.3% to kr12.06 over the past week.Breakeven Date Change • May 03Forecast breakeven date pushed back to 2024The analyst covering Northern Ocean previously expected the company to break even in 2023. New forecast suggests losses will reduce by 70% to 2023. The company is expected to make a profit of US$23.0m in 2024. Average annual earnings growth of 98% is required to achieve expected profit on schedule.Reported Earnings • Apr 30Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: US$0.80 loss per share (further deteriorated from US$0.17 loss in FY 2021). Revenue: US$21.7m (down 63% from FY 2021). Net loss: US$92.9m (loss widened US$81.9m from FY 2021). Revenue missed analyst estimates by 79%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Mar 16Chief Financial Officer recently bought kr1.9m worth of stockOn the 13th of March, Jonas Ytreland bought around 150k shares on-market at roughly kr12.72 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Jonas' only on-market trade for the last 12 months.Reported Earnings • Mar 01Full year 2022 earnings released: US$0.80 loss per share (vs US$0.17 loss in FY 2021)Full year 2022 results: US$0.80 loss per share (further deteriorated from US$0.17 loss in FY 2021). Revenue: US$21.7m (down 63% from FY 2021). Net loss: US$92.9m (loss widened US$81.9m from FY 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.공고 • Jan 24+ 5 more updatesNorthern Ocean Ltd. to Report Q4, 2022 Results on Feb 28, 2023Northern Ocean Ltd. announced that they will report Q4, 2022 results at 12:00 PM, Central European Standard Time on Feb 28, 2023Reported Earnings • Dec 01Third quarter 2022 earnings released: US$0.24 loss per share (vs US$0.41 loss in 3Q 2021)Third quarter 2022 results: US$0.24 loss per share. Revenue: US$266.0k (down 92% from 3Q 2021). Net loss: US$27.4m (loss widened 4.9% from 3Q 2021). Revenue is forecast to grow 108% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Energy Services industry in Norway.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.분석 기사 • Sep 01Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • Aug 26Second quarter 2022 earnings released: US$0.28 loss per share (vs US$0.39 loss in 2Q 2021)Second quarter 2022 results: US$0.28 loss per share. Revenue: US$417.0k (down 96% from 2Q 2021). Net loss: US$29.1m (loss widened 16% from 2Q 2021). Over the next year, revenue is forecast to grow 355%, compared to a 14% growth forecast for the Energy Services industry in Norway.Reported Earnings • May 28First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: US$0.15 loss per share. Revenue: US$10.1m (down 60% from 1Q 2021). Net loss: US$14.2m (loss widened 25% from 1Q 2021). Revenue missed analyst estimates by 37%. Earnings per share (EPS) exceeded analyst estimates by 54%. Over the next year, revenue is forecast to grow 201%, compared to a 9.8% growth forecast for the industry in Norway.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: US$0.17 loss per share (up from US$0.57 loss in FY 2020). Revenue: US$58.1m (down 34% from FY 2020). Net loss: US$11.0m (loss narrowed 70% from FY 2020). Revenue missed analyst estimates by 37%. Earnings per share (EPS) also missed analyst estimates by 54%. Over the next year, revenue is forecast to grow 82%, compared to a 13% growth forecast for the industry in Norway.주주 수익률NOLNO Energy ServicesNO 시장7D-0.5%-0.9%1.4%1Y25.0%40.9%17.8%전체 주주 수익률 보기수익률 대 산업: NOL은 지난 1년 동안 40.9%의 수익을 기록한 Norwegian Energy Services 산업보다 저조한 성과를 냈습니다.수익률 대 시장: NOL은 지난 1년 동안 17.8%를 기록한 Norwegian 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is NOL's price volatile compared to industry and market?NOL volatilityNOL Average Weekly Movement3.9%Energy Services Industry Average Movement4.5%Market Average Movement4.9%10% most volatile stocks in NO Market9.9%10% least volatile stocks in NO Market2.8%안정적인 주가: NOL는 지난 3개월 동안 Norwegian 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: NOL의 주간 변동성(4%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트20177Arne Jacobsenwww.northernocean.no는 전 세계 석유 및 가스 산업을 위한 해양 계약 시추 서비스를 제공합니다. 이 회사는 두 대의 반잠수식 시추선을 소유 및 운영하고 있습니다. 또한 발전 솔루션에도 투자하고 있습니다.더 보기Northern Ocean Ltd. 기초 지표 요약Northern Ocean의 순이익과 매출은 시가총액과 어떻게 비교됩니까?NOL 기초 통계시가총액NOK 2.27b순이익 (TTM)-NOK 1.09b매출 (TTM)NOK 2.17b1.0x주가매출비율(P/S)-2.1x주가수익비율(P/E)NOL는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표NOL 손익계산서 (TTM)매출US$229.03m매출원가US$230.82m총이익-US$1.80m기타 비용US$112.76m순이익-US$114.56m최근 보고된 실적Mar 31, 2026다음 실적 발표일Aug 28, 2026주당순이익(EPS)-0.38총이익률-0.78%순이익률-50.02%부채/자본 비율31.2%NOL의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/31 13:19종가2026/07/31 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Northern Ocean Ltd.는 4명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Steffen EvjenDanske BankTruls OlsenFearnley SecuritiesJanne KvernlandNordea Markets1명의 분석가 더 보기
공고 • Jul 03Northern Ocean Ltd. Announces Appointment of Lars Pedersen as DirectorNorthern Ocean Ltd. announced the appointment of Lars Pedersen as a Director. Mr. Pedersen is an international maritime executive with more than 35 years of leadership experience across shipping and offshore support services. He has spent the past eight years with Frontline Management AS, where he serves as Chief Technical Officer, leading global fleet operations, digital transformation, ESG initiatives, and strategic growth, while also serving as Managing Director of Flex LNG Fleet Management. Previously, he held senior leadership positions with BW Group, A.P. Moller–Maersk, and Höegh. Lars brings extensive expertise in corporate governance, AI, Sale & Purchase (S&P), Mergers & Acquisitions (M&A), and major shipbuilding programs in China and South Korea. He serves on the board of Arundo Analytics and completed the Executive Board Leadership Programme at Copenhagen Business School. Following the appointment of Mr. Pedersen, the Board consisted of six directors.
Reported Earnings • May 31First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: US$0.08 loss per share (further deteriorated from US$0.037 loss in 1Q 2025). Revenue: US$13.3m (down 76% from 1Q 2025). Net loss: US$23.1m (loss widened 106% from 1Q 2025). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to decline by 49% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Norway are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Mar 06Consensus revenue estimates fall by 36%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$102.2m to US$65.4m. Forecast losses increased from -US$0.104 to -US$0.178 per share. Energy Services industry in Norway expected to see average net income growth of 30% next year. Consensus price target of kr11.00 unchanged from last update. Share price was steady at kr9.11 over the past week.
Reported Earnings • Mar 02Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: US$0.34 loss per share (further deteriorated from US$0.23 loss in FY 2024). Revenue: US$279.4m (up 11% from FY 2024). Net loss: US$102.7m (loss widened 56% from FY 2024). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 82%. Revenue is expected to decline by 55% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Norway are expected to grow by 5.4%. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Price Target Changed • Feb 12Price target increased by 18% to kr11.25Up from kr9.50, the current price target is an average from 2 analysts. New target price is 21% above last closing price of kr9.30. Stock is up 17% over the past year. The company is forecast to post a net loss per share of US$0.19 next year compared to a net loss per share of US$0.23 last year.
공고 • Feb 05Northern Ocean Ltd., Annual General Meeting, May 12, 2026Northern Ocean Ltd., Annual General Meeting, May 12, 2026.
공고 • Jul 03Northern Ocean Ltd. Announces Appointment of Lars Pedersen as DirectorNorthern Ocean Ltd. announced the appointment of Lars Pedersen as a Director. Mr. Pedersen is an international maritime executive with more than 35 years of leadership experience across shipping and offshore support services. He has spent the past eight years with Frontline Management AS, where he serves as Chief Technical Officer, leading global fleet operations, digital transformation, ESG initiatives, and strategic growth, while also serving as Managing Director of Flex LNG Fleet Management. Previously, he held senior leadership positions with BW Group, A.P. Moller–Maersk, and Höegh. Lars brings extensive expertise in corporate governance, AI, Sale & Purchase (S&P), Mergers & Acquisitions (M&A), and major shipbuilding programs in China and South Korea. He serves on the board of Arundo Analytics and completed the Executive Board Leadership Programme at Copenhagen Business School. Following the appointment of Mr. Pedersen, the Board consisted of six directors.
Reported Earnings • May 31First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: US$0.08 loss per share (further deteriorated from US$0.037 loss in 1Q 2025). Revenue: US$13.3m (down 76% from 1Q 2025). Net loss: US$23.1m (loss widened 106% from 1Q 2025). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to decline by 49% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Norway are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Mar 06Consensus revenue estimates fall by 36%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$102.2m to US$65.4m. Forecast losses increased from -US$0.104 to -US$0.178 per share. Energy Services industry in Norway expected to see average net income growth of 30% next year. Consensus price target of kr11.00 unchanged from last update. Share price was steady at kr9.11 over the past week.
Reported Earnings • Mar 02Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: US$0.34 loss per share (further deteriorated from US$0.23 loss in FY 2024). Revenue: US$279.4m (up 11% from FY 2024). Net loss: US$102.7m (loss widened 56% from FY 2024). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 82%. Revenue is expected to decline by 55% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Norway are expected to grow by 5.4%. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Price Target Changed • Feb 12Price target increased by 18% to kr11.25Up from kr9.50, the current price target is an average from 2 analysts. New target price is 21% above last closing price of kr9.30. Stock is up 17% over the past year. The company is forecast to post a net loss per share of US$0.19 next year compared to a net loss per share of US$0.23 last year.
공고 • Feb 05Northern Ocean Ltd., Annual General Meeting, May 12, 2026Northern Ocean Ltd., Annual General Meeting, May 12, 2026.
공고 • Feb 04+ 4 more updatesNorthern Ocean Ltd. to Report First Half, 2026 Results on Aug 28, 2026Northern Ocean Ltd. announced that they will report first half, 2026 results on Aug 28, 2026
Major Estimate Revision • Feb 01Consensus EPS estimates fall by 61%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$249.5m to US$231.0m. Losses expected to increase from US$0.12 per share to US$0.20. Energy Services industry in Norway expected to see average net income growth of 8.4% next year. Consensus price target of kr9.25 unchanged from last update. Share price was steady at kr9.14 over the past week.
New Risk • Jan 30New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$66m Forecast net loss in 2 years: US$19m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$54m). Currently unprofitable and not forecast to become profitable over next 2 years (US$19m net loss in 2 years).
Breakeven Date Change • Jan 30No longer forecast to breakevenThe analyst covering Northern Ocean no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$13.1m in 2026. New forecast suggests the company will make a loss of US$5.90m in 2027.
Reported Earnings • Nov 29Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: US$0.09 loss per share (improved from US$0.13 loss in 3Q 2024). Revenue: US$57.4m (up 52% from 3Q 2024). Net loss: US$25.9m (loss narrowed 28% from 3Q 2024). Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Nov 27Consensus estimates of losses per share improve by 31%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$231.6m to US$235.3m. EPS estimate increased from -US$0.169 per share to -US$0.117 per share. Energy Services industry in Norway expected to see average net income growth of 8.0% next year. Consensus price target of kr7.00 unchanged from last update. Share price was steady at kr8.11 over the past week.
New Risk • Nov 26New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$76m Forecast net loss in 2 years: US$4.8m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$81m). Currently unprofitable and not forecast to become profitable over next 2 years (US$4.8m net loss in 2 years).
New Risk • Nov 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$81m).
Buy Or Sell Opportunity • Nov 11Now 21% overvaluedOver the last 90 days, the stock has fallen 7.9% to kr5.98. The fair value is estimated to be kr4.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 28% in a year. Earnings are forecast to grow by 75% in the next year.
Buy Or Sell Opportunity • Oct 16Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 4.6% to kr6.08. The fair value is estimated to be kr4.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 28% in a year. Earnings are forecast to grow by 75% in the next year.
Price Target Changed • Sep 10Price target decreased by 26% to kr7.00Down from kr9.50, the current price target is provided by 1 analyst. New target price is 13% above last closing price of kr6.22. Stock is down 5.0% over the past year. The company is forecast to post a net loss per share of US$0.17 next year compared to a net loss per share of US$0.23 last year.
Reported Earnings • Aug 31Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: US$0.05 loss per share (further deteriorated from US$0.033 loss in 2Q 2024). Revenue: US$52.6m (down 25% from 2Q 2024). Net loss: US$15.1m (loss widened 139% from 2Q 2024). Revenue exceeded analyst estimates by 67%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Breakeven Date Change • Aug 29The 2 analysts covering Northern Ocean previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 22% to 2025. The company is expected to make a profit of US$13.0m in 2026. Average annual earnings growth of 122% is required to achieve expected profit on schedule.
Buy Or Sell Opportunity • Aug 04Now 20% overvaluedOver the last 90 days, the stock has fallen 1.1% to kr6.28. The fair value is estimated to be kr5.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 68% over the last 3 years. Earnings per share has grown by 9.6%. Revenue is forecast to grow by 8.5% in a year. Earnings are forecast to grow by 48% in the next year.
Major Estimate Revision • Jul 30Consensus EPS estimates upgraded to US$0.12 loss, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$238.5m to US$234.3m. 2025 losses expected to reduce from -US$0.168 to -US$0.117 per share. Energy Services industry in Norway expected to see average net income growth of 20% next year. Consensus price target of kr9.00 unchanged from last update. Share price was steady at kr5.95 over the past week.
분석 기사 • May 06Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • May 05Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: US$0.23 loss per share (improved from US$0.39 loss in FY 2023). Revenue: US$252.9m (up 17% from FY 2023). Net loss: US$65.7m (loss narrowed 7.4% from FY 2023). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 55%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
New Risk • Apr 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$75m). Share price has been volatile over the past 3 months (8.3% average weekly change).
Price Target Changed • Apr 25Price target decreased by 14% to kr9.50Down from kr11.00, the current price target is an average from 2 analysts. New target price is 76% above last closing price of kr5.40. The company is forecast to post a net loss per share of US$0.16 next year compared to a net loss per share of US$0.23 last year.
Major Estimate Revision • Mar 27Consensus EPS estimates fall by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$246.7m to US$238.0m. Losses expected to increase from US$0.14 per share to US$0.17. Energy Services industry in Norway expected to see average net income growth of 42% next year. Consensus price target of kr11.00 unchanged from last update. Share price rose 5.3% to kr7.00 over the past week.
Major Estimate Revision • Mar 16Consensus estimates of losses per share improve by 40%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$238.8m to US$243.0m. EPS estimate increased from -US$0.221 per share to -US$0.133 per share. Energy Services industry in Norway expected to see average net income growth of 42% next year. Consensus price target of kr11.00 unchanged from last update. Share price rose 4.5% to kr6.74 over the past week.
Recent Insider Transactions • Mar 14Chief Commercial Officer recently bought kr442k worth of stockOn the 12th of March, Eirik Sunde bought around 68k shares on-market at roughly kr6.48 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Breakeven Date Change • Feb 27Forecast breakeven date moved forward to 2025The 2 analysts covering Northern Ocean previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$3.40m in 2025. Earnings growth of 145% is required to achieve expected profit on schedule.
Reported Earnings • Feb 26Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: US$0.23 loss per share (improved from US$0.39 loss in FY 2023). Revenue: US$263.9m (up 22% from FY 2023). Net loss: US$65.7m (loss narrowed 7.4% from FY 2023). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 55%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year.
Major Estimate Revision • Feb 07Consensus EPS estimates fall by 41%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$273.0m to US$270.0m. Losses expected to increase from US$0.15 per share to US$0.21. Energy Services industry in Norway expected to see average net income growth of 55% next year. Consensus price target up from kr11.00 to kr11.50. Share price rose 4.0% to kr7.97 over the past week.
Price Target Changed • Feb 06Price target increased by 9.5% to kr11.50Up from kr10.50, the current price target is an average from 2 analysts. New target price is 43% above last closing price of kr8.05. The company is forecast to post a net loss per share of US$0.21 next year compared to a net loss per share of US$0.39 last year.
공고 • Jan 22Northern Ocean Ltd., Annual General Meeting, May 08, 2025Northern Ocean Ltd., Annual General Meeting, May 08, 2025.
공고 • Jan 21+ 4 more updatesNorthern Ocean Ltd. to Report Fiscal Year 2025 Final Results on Apr 22, 2026Northern Ocean Ltd. announced that they will report fiscal year 2025 final results on Apr 22, 2026
Major Estimate Revision • Jan 11Consensus EPS estimates fall by 76%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.083 to -US$0.147 per share. Revenue forecast unchanged at US$268.4m. Energy Services industry in Norway expected to see average net income growth of 81% next year. Consensus price target up from kr10.50 to kr11.00. Share price was steady at kr8.19 over the past week.
New Risk • Dec 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change).
Reported Earnings • Nov 24Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: US$0.19 loss per share (further deteriorated from US$0.097 loss in 3Q 2023). Revenue: US$39.9m (down 46% from 3Q 2023). Net loss: US$35.9m (loss widened 103% from 3Q 2023). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 149%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Major Estimate Revision • Nov 20Consensus EPS estimates fall by 58%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$271.7m to US$274.8m. Forecast EPS reduced from -US$0.084 to -US$0.133 per share. Energy Services industry in Norway expected to see average net income growth of 71% next year. Consensus price target of kr10.50 unchanged from last update. Share price rose 13% to kr8.55 over the past week.
New Risk • Nov 18New major risk - Revenue and earnings growthEarnings have declined by 30% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding).
Breakeven Date Change • Nov 14Forecast breakeven date pushed back to 2026The 2 analysts covering Northern Ocean previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$32.2m in 2026. Average annual earnings growth of 119% is required to achieve expected profit on schedule.
Breakeven Date Change • Oct 25Forecast breakeven date pushed back to 2026The 2 analysts covering Northern Ocean previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$40.5m in 2026. Average annual earnings growth of 122% is required to achieve expected profit on schedule.
Breakeven Date Change • Oct 17Forecast breakeven date pushed back to 2026The 2 analysts covering Northern Ocean previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$34.7m in 2026. Average annual earnings growth of 118% is required to achieve expected profit on schedule.
Breakeven Date Change • Sep 29Forecast breakeven date pushed back to 2026The 2 analysts covering Northern Ocean previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$41.2m in 2026. Average annual earnings growth of 122% is required to achieve expected profit on schedule.
공고 • Sep 12Northern Ocean Ltd. Appoints Eirik Sunde as Chief Commercial Officer, Effective as of 1 December 2024Northern Ocean Ltd. has appointed Eirik Sunde as the new Chief Commercial Officer, effective as of 1 December 2024. Eirik Sunde joins NOL from Transocean, where he has served as Senior Marketing Manager, overseeing commercial processes for the Norwegian sector. Eirik holds a Masters degree in economics from the University of Edinburgh.
Major Estimate Revision • Sep 04Consensus estimates of losses per share improve by 45%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$254.7m to US$264.5m. EPS estimate increased from -US$0.212 per share to -US$0.117 per share. Energy Services industry in Norway expected to see average net income growth of 54% next year. Consensus price target of kr12.00 unchanged from last update. Share price fell 3.7% to kr6.94 over the past week.
Reported Earnings • Aug 29Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: US$0.03 loss per share (improved from US$0.099 loss in 2Q 2023). Revenue: US$73.3m (up 109% from 2Q 2023). Net loss: US$6.31m (loss narrowed 65% from 2Q 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 7.4%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
공고 • Aug 21Northern Ocean Ltd. Appoints Arne Jacobsen as New CEO, Effective 20 August 2024The Board of Directors of Northern Ocean Ltd. has appointed Arne Jacobsen as the new Chief Executive Officer of NOL effective as of 20 August 2024. Arne Jacobsen was previously the Chief Executive Officer (CEO) of Orion, a joint venture between Hayfin Capital and Transocean, and has experience as a senior investment advisor for the oil and gas investment portfolio of Hayfin Capital. Beyond his background as an investment professional, Arne Jacobsen holds extensive commercial and operational experience from the oil and gas industry. Before joining Hayfin Capital, Jacobsen held leading positions in Songa Offshore and Ocean Rig, where he was positioned both in Brazil, South Korea and Norway.
공고 • Aug 09Hemen Holding Limited completed the acquisition of 6.62% stake in Northern Ocean Ltd. (OB:NOL) for NOK 140 million.Hemen Holding Limited launched a mandatory offer to acquire remaining 52.39% stake in Northern Ocean Ltd. (OB:NOL) for NOK 1.11 billion on July 10, 2024. Offer price is NOK 7 per share in Northern. As of the date hereof, Hemen holds 144,373,315 shares in Northern Ocean, representing 47.61% of the shares and votes in Northern Ocean. Offer period starts from 11 July 2024 to 8 August 2024. The Offer Price corresponds to the subscription price in the private placement announced on 19 June 2024 (the "Private Placement"), which also corresponds to the subscription price in the contemplated subsequent offering, which was also announced in connection with the Private Placement. The employees have not made any separate statement regarding the Offer. Based on a holistic and therefore judgmental evaluation of all the matters set out above, we have concluded that the terms of the Offer from a financial point of view does not represent a full and fair arm’s length price for all the outstanding shares of NOL. Pareto Securities AS acted as a Receiving agent to Northern Ocean. KWC AS as an independent third party to provide a fairness opinion and independent assessment of the Offer (“Independent Statement”) on behalf of the Northern Ocean. Hemen Holding Limited completed the acquisition of 6.62% stake in Northern Ocean Ltd. (OB:NOL) for NOK 140 million on August 8, 2024. At the expiry of the Offer Period, Hemen had received acceptances of the Offer amounting to 20,116,579 Shares, which taken together with the 144,373,315 Shares held by Hemen at commencement of the Offer Period equals 164,489,894 Shares, representing approximately 54.2% of the issued share capital and voting rights in NOL. The calculation of the number of shares tendered in the Offer is preliminary and may be subject to change until the shares tendered in the Offer have been collected from the VPS accounts of the NOL shareholders who have accepted the Offer following the standard T+2 settlement cycle, and such shares have been transferred to a settlement account of Pareto Securities AS (the \"Receiving Agent\"). The final result of the Offer will be announced once confirmed by the Receiving Agent, expected before the Oslo Stock Exchange opens on 14 August 2024. Cash settlement for the Offer will be made pursuant to the terms of the offer document and will take place no later than 22 August 2024, being 14 calendar days after expiry of the Offer Period. For further information on the Offer, refer to the offer document which is available at www.paretosec.com/transactions, subject to regulatory restrictions in certain jurisdictions.
New Risk • Jun 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 66% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
New Risk • Jun 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (50% increase in shares outstanding).
공고 • Jun 20Northern Ocean Ltd. announced that it has received NOK 633.767995 million in fundingNorthern Ocean Ltd. announced a private placement of 90,538,285 new shares at a price of NOK 7 per share for the gross proceeds of NOK 633,767,995 on June 19, 2024.
Major Estimate Revision • Jun 06Consensus EPS estimates fall by 161%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$266.9m to US$257.1m. Losses expected to increase from US$0.079 per share to US$0.20. Energy Services industry in Norway expected to see average net income growth of 48% next year. Consensus price target of kr14.00 unchanged from last update. Share price fell 3.6% to kr8.77 over the past week.
Reported Earnings • May 30First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: US$0.05 loss per share (improved from US$0.092 loss in 1Q 2023). Revenue: US$85.4m (up 175% from 1Q 2023). Net loss: US$9.64m (loss narrowed 43% from 1Q 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Apr 26Consensus EPS estimates fall by 20%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$246.5m to US$255.4m. Forecast EPS reduced from -US$0.063 to -US$0.075 per share. Energy Services industry in Norway expected to see average net income growth of 81% next year. Consensus price target of kr14.00 unchanged from last update. Share price fell 5.1% to kr9.01 over the past week.
Major Estimate Revision • Mar 06Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.058 to -US$0.065 per share. Revenue forecast unchanged at US$256.7m. Energy Services industry in Norway expected to see average net income growth of 72% next year. Consensus price target of kr14.00 unchanged from last update. Share price rose 17% to kr9.51 over the past week.
Reported Earnings • Feb 29Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: US$0.39 loss per share (improved from US$0.80 loss in FY 2022). Revenue: US$236.9m (up US$215.3m from FY 2022). Net loss: US$70.9m (loss narrowed 24% from FY 2022). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 9.9%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
분석 기사 • Feb 03Take Care Before Jumping Onto Northern Ocean Ltd. (OB:NOL) Even Though It's 28% CheaperUnfortunately for some shareholders, the Northern Ocean Ltd. ( OB:NOL ) share price has dived 28% in the last thirty...
New Risk • Jan 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$132m). Share price has been volatile over the past 3 months (8.1% average weekly change).
공고 • Jan 23+ 5 more updatesNorthern Ocean Ltd. to Report Q1, 2024 Results on May 29, 2024Northern Ocean Ltd. announced that they will report Q1, 2024 results on May 29, 2024
Breakeven Date Change • Dec 24Forecast breakeven date pushed back to 2025The 2 analysts covering Northern Ocean previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 62% per year to 2024. The company is expected to make a profit of US$33.2m in 2025. Average annual earnings growth of 87% is required to achieve expected profit on schedule.
Breakeven Date Change • Dec 21Forecast breakeven date pushed back to 2025The 2 analysts covering Northern Ocean previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 70% per year to 2024. The company is expected to make a profit of US$65.3m in 2025. Average annual earnings growth of 116% is required to achieve expected profit on schedule.
Price Target Changed • Dec 13Price target decreased by 13% to kr17.90Down from kr20.50, the current price target is an average from 2 analysts. New target price is 83% above last closing price of kr9.78. Stock is up 2.5% over the past year. The company is forecast to post a net loss per share of US$0.37 next year compared to a net loss per share of US$0.80 last year.
분석 기사 • Dec 13Not Many Are Piling Into Northern Ocean Ltd. (OB:NOL) Stock Yet As It Plummets 26%Northern Ocean Ltd. ( OB:NOL ) shareholders that were waiting for something to happen have been dealt a blow with a 26...
Reported Earnings • Nov 29Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: US$0.097 loss per share (improved from US$0.24 loss in 3Q 2022). Revenue: US$74.2m (up US$73.9m from 3Q 2022). Net loss: US$17.7m (loss narrowed 36% from 3Q 2022). Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Sep 26Price target increased by 14% to kr20.50Up from kr18.00, the current price target is an average from 2 analysts. New target price is 38% above last closing price of kr14.88. Stock is up 60% over the past year. The company is forecast to post a net loss per share of US$0.23 next year compared to a net loss per share of US$0.80 last year.
Reported Earnings • Aug 31Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: US$0.099 loss per share (improved from US$0.28 loss in 2Q 2022). Revenue: US$35.0m (up US$34.6m from 2Q 2022). Net loss: US$18.0m (loss narrowed 38% from 2Q 2022). Revenue exceeded analyst estimates by 35%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Jun 02Full year 2022 earnings released: US$0.80 loss per share (vs US$0.17 loss in FY 2021)Full year 2022 results: US$0.80 loss per share (further deteriorated from US$0.17 loss in FY 2021). Revenue: US$21.7m (down 63% from FY 2021). Net loss: US$92.9m (loss widened US$81.9m from FY 2021). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Jun 02Consensus EPS estimates fall by 61%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$209.6m to US$214.5m. Forecast EPS reduced from -US$0.144 to -US$0.232 per share. Energy Services industry in Norway expected to see average net income growth of 102% next year. Consensus price target up from kr18.00 to kr20.00. Share price fell 4.3% to kr12.06 over the past week.
Breakeven Date Change • May 03Forecast breakeven date pushed back to 2024The analyst covering Northern Ocean previously expected the company to break even in 2023. New forecast suggests losses will reduce by 70% to 2023. The company is expected to make a profit of US$23.0m in 2024. Average annual earnings growth of 98% is required to achieve expected profit on schedule.
Reported Earnings • Apr 30Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: US$0.80 loss per share (further deteriorated from US$0.17 loss in FY 2021). Revenue: US$21.7m (down 63% from FY 2021). Net loss: US$92.9m (loss widened US$81.9m from FY 2021). Revenue missed analyst estimates by 79%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Mar 16Chief Financial Officer recently bought kr1.9m worth of stockOn the 13th of March, Jonas Ytreland bought around 150k shares on-market at roughly kr12.72 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Jonas' only on-market trade for the last 12 months.
Reported Earnings • Mar 01Full year 2022 earnings released: US$0.80 loss per share (vs US$0.17 loss in FY 2021)Full year 2022 results: US$0.80 loss per share (further deteriorated from US$0.17 loss in FY 2021). Revenue: US$21.7m (down 63% from FY 2021). Net loss: US$92.9m (loss widened US$81.9m from FY 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
공고 • Jan 24+ 5 more updatesNorthern Ocean Ltd. to Report Q4, 2022 Results on Feb 28, 2023Northern Ocean Ltd. announced that they will report Q4, 2022 results at 12:00 PM, Central European Standard Time on Feb 28, 2023
Reported Earnings • Dec 01Third quarter 2022 earnings released: US$0.24 loss per share (vs US$0.41 loss in 3Q 2021)Third quarter 2022 results: US$0.24 loss per share. Revenue: US$266.0k (down 92% from 3Q 2021). Net loss: US$27.4m (loss widened 4.9% from 3Q 2021). Revenue is forecast to grow 108% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Energy Services industry in Norway.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
분석 기사 • Sep 01Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Aug 26Second quarter 2022 earnings released: US$0.28 loss per share (vs US$0.39 loss in 2Q 2021)Second quarter 2022 results: US$0.28 loss per share. Revenue: US$417.0k (down 96% from 2Q 2021). Net loss: US$29.1m (loss widened 16% from 2Q 2021). Over the next year, revenue is forecast to grow 355%, compared to a 14% growth forecast for the Energy Services industry in Norway.
Reported Earnings • May 28First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: US$0.15 loss per share. Revenue: US$10.1m (down 60% from 1Q 2021). Net loss: US$14.2m (loss widened 25% from 1Q 2021). Revenue missed analyst estimates by 37%. Earnings per share (EPS) exceeded analyst estimates by 54%. Over the next year, revenue is forecast to grow 201%, compared to a 9.8% growth forecast for the industry in Norway.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: US$0.17 loss per share (up from US$0.57 loss in FY 2020). Revenue: US$58.1m (down 34% from FY 2020). Net loss: US$11.0m (loss narrowed 70% from FY 2020). Revenue missed analyst estimates by 37%. Earnings per share (EPS) also missed analyst estimates by 54%. Over the next year, revenue is forecast to grow 82%, compared to a 13% growth forecast for the industry in Norway.
