Monday, 31 August 2026European Markets

SHELF DRILLING Stock Bullish Momentum With A 10.19% Jump On Tuesday

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(VIANEWS) - The Market ended the session with SHELF DRILLING (SHLF.OL) jumping 10.19% to kr23.80 on Tuesday, after four successive sessions in a row of losses. Oslo Børs Benchmark Index_GI fell 0.09% to kr1,443.96, after two sequential sessions in a row of gains, on what was a somewhat bearish trend exchanging session today.

SHELF DRILLING's last close was kr21.60, 44.62% below its 52-week high of kr39.00.

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, and associated services using the rigs of the company's owned fleet and related equipment. It also provides catering, additional equipment and personnel, and consumables or accommodations at the request of the customer using third party vendors. 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 kr1.32.

PE Ratio

SHELF DRILLING has a trailing twelve months price to earnings ratio of 18.03. Meaning, the purchaser of the share is investing kr18.03 for every norwegian krone of annual earnings.

Return on Equity

The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 3.67%.

Volatility

SHELF DRILLING's last week, last month's, and last quarter's current intraday variation average was a negative 2.39%, a negative 0.25%, and a positive 2.04%.

SHELF DRILLING's highest amplitude of average volatility was 2.39% (last week), 1.82% (last month), and 2.04% (last quarter).

More news about SHELF DRILLING (SHLF.OL).

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