Shelf Drilling (SHLLF) Receives a Hold from Kepler Capital

In a report issued on February 25, Kevin Roger from Kepler Capital maintained a Hold rating on Shelf Drilling (SHLLFResearch Report), with a price target of NOK3.00. The company’s shares closed last Friday at $0.32.

According to TipRanks.com, Roger is ranked #588 out of 7333 analysts.

Currently, the analyst consensus on Shelf Drilling is a Hold with an average price target of $0.35.

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Based on Shelf Drilling’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $127 million and GAAP net loss of $7.68 million. In comparison, last year the company earned revenue of $132 million and had a GAAP net loss of $35.93 million.

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Shelf Drilling Ltd operates as a shallow water offshore drilling contractor. The company is engaged in the drilling and completion of exploratory and developmental offshore oil and natural gas wells. Geographically, it derives a majority of revenue from Saudi Arabia and also has a presence in Thailand; Nigeria; United Arab Emirates; India and Other Countries.