OB:DVDEnergy Services
Deep Value Driller (OB:DVD) Margins Improve, Challenging Bearish Growth Narratives
Deep Value Driller (OB:DVD) posted net profit margins of 44.8%, climbing from last year’s 35.5%, while annual earnings growth landed at 39.1%. This is a solid result, though it trails the five-year average of 71.3%. The company is now trading at a P/E ratio of 6.7x, which is below the peer group’s 8.1x average, but commands a slight premium to the wider Norwegian Energy Services sector at 6.1x. With healthy profitability and upbeat value metrics, DVD’s results catch the eye, even as headwinds...