(VIANEWS) – Shares of SHELF DRILLING (Oslo Børs Benchmark Index_GI: SHLF.OL) dropped by a staggering 16.02% in 5 sessions from kr24.65 to kr20.70 at 11:36 EST on Thursday, after four successive sessions in a row of losses. Oslo Børs Benchmark Index_GI is jumping 0.47% to kr1,204.22, after five sequential sessions in a row of losses.
SHELF DRILLING’s last close was kr21.00, 38.95% below its 52-week high of kr34.40.
About SHELF DRILLING
Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and North Sea. The company offers equipment and services for the drilling, completion, maintenance, and decommissioning of oil and natural gas wells. It serves government owned or controlled energy companies, and publicly listed global integrated oil companies or independent exploration and production companies. The company owns various independent-leg cantilever jack-up rigs. Shelf Drilling, Ltd. was incorporated in 2012 and is headquartered in Dubai, the United Arab Emirates.
Earnings Per Share
As for profitability, SHELF DRILLING has a trailing twelve months EPS of kr-3.42.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -9.15%.
Moving Average
SHELF DRILLING’s value is way under its 50-day moving average of kr24.57 and under its 200-day moving average of kr22.93.
Revenue Growth
Year-on-year quarterly revenue growth grew by 17.6%, now sitting on 695.22M for the twelve trailing months.
Yearly Top and Bottom Value
SHELF DRILLING’s stock is valued at kr20.70 at 11:36 EST, way under its 52-week high of kr34.40 and way higher than its 52-week low of kr11.20.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, SHELF DRILLING’s stock is considered to be overbought (>=80).
More news about SHELF DRILLING (SHLF.OL).
