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Updated 2h ago
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Northern Ocean Ltd.OB:NOL Stock Report

Market Cap NOK 2.2b
Updated 2h ago
Share Price
n/a
1Y16.8%
7D-2.9%
1D-0.3%
Portfolio Value
​
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Northern Ocean Ltd.

OB:NOL Stock Report

Market Cap: NOK 2.2b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Northern Ocean (NOL) Stock Overview

Provides offshore contract drilling services for the oil and gas industry worldwide. More details

NOL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

Risk Analysis

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years


NOL Community Fair Values

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NOK
Current Price
NOK 7.242.2k% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-102m303m2016201920222025202620282031Revenue US$9.6mEarnings US$914.4k
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Northern Ocean Ltd. Competitors

Archer

Symbol: OB:ARCH
Market cap: NOK 2.2b

Odfjell Technology

Symbol: OB:OTL
Market cap: NOK 2.5b

Ventura Offshore Holding

Symbol: OB:VTURA
Market cap: NOK 3.8b

Deep Value Driller

Symbol: OB:DVD
Market cap: NOK 2.0b

Price History & Performance

Summary of share price highs, lows and changes for Northern Ocean
Historical stock prices
Current Share PriceNOK 7.24
52 Week HighNOK 10.88
52 Week LowNOK 5.52
Beta0.25
1 Month Change-2.69%
3 Month Change-12.35%
1 Year Change16.77%
3 Year Change-51.34%
5 Year Change-10.17%
Change since IPO-85.37%

Recent News & Updates

Recent updates

Analysis Article • May 06

Health 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...
Analysis Article • Feb 03

Take Care Before Jumping Onto Northern Ocean Ltd. (OB:NOL) Even Though It's 28% Cheaper

Unfortunately for some shareholders, the Northern Ocean Ltd. ( OB:NOL ) share price has dived 28% in the last thirty...
Analysis Article • Dec 13

Not 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...
Analysis Article • Sep 01

Health 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...

Shareholder Returns

NOLNO Energy ServicesNO Market
7D-2.9%3.2%-0.4%
1Y16.8%43.3%22.6%

Return vs Industry: NOL underperformed the Norwegian Energy Services industry which returned 43.3% over the past year.

Return vs Market: NOL underperformed the Norwegian Market which returned 22.6% over the past year.

Price Volatility

Is NOL's price volatile compared to industry and market?
NOL volatility
NOL Average Weekly Movement1.9%
Energy Services Industry Average Movement4.2%
Market Average Movement4.5%
10% most volatile stocks in NO Market10.2%
10% least volatile stocks in NO Market2.5%

Stable Share Price: NOL has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: NOL's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20177Arne Jacobsenwww.northernocean.no

Northern Ocean Ltd. provides offshore contract drilling services for the oil and gas industry worldwide. The company owns and operates one semi-submersible rig. It also invests in power generation solutions.

Northern Ocean Ltd. Fundamentals Summary

How do Northern Ocean's earnings and revenue compare to its market cap?
NOL fundamental statistics
Market capNOK 2.20b
Earnings (TTM)-NOK 962.47m
Revenue (TTM)NOK 2.02b
1.1x
P/S Ratio
-2.3x
P/E Ratio

Is NOL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NOL income statement (TTM)
RevenueUS$214.06m
Cost of RevenueUS$216.35m
Gross Profit-US$2.28m
Other ExpensesUS$99.69m
Earnings-US$101.98m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Nov 27, 2026

Earnings per share (EPS)-0.34
Gross Margin-1.07%
Net Profit Margin-47.64%
Debt/Equity Ratio41.7%

How did NOL perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/22 17:31
End of Day Share Price 2026/09/22 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Northern Ocean Ltd. is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Steffen EvjenDanske Bank
Truls OlsenFearnley Securities
Janne KvernlandNordea Markets

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