Odfjell Drilling (Norway) Today
| ODL Stock | NOK 53.30 0.80 1.52% |
Performance21 of 100
| Odds Of DistressLess than 9
|
Odfjell Drilling is selling for 53.30 as of the 19th of April 2024. This is a 1.52 percent increase since the beginning of the trading day. The stock's lowest day price was 51.4. Odfjell Drilling has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Odfjell Drilling are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Odfjell Drilling Ltd. operates as an integrated offshore drilling, well service, and engineering company worldwide. Odfjell Drilling Ltd. is a subsidiary of Odfjell Partners Ltd. ODFJELL DRILLING operates under Oil Gas Drilling classification in Norway and is traded on Oslo Stock Exchange. The company has 236.78 M outstanding shares. More on Odfjell Drilling
Moving together with Odfjell Stock
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| 0.64 | OTL | Odfjell Technology | PairCorr |
Moving against Odfjell Stock
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| 0.7 | RIVER | River Tech plc | PairCorr |
| 0.64 | WEST | Western Bulk Chartering | PairCorr |
| 0.61 | NODL | Northern Drilling | PairCorr |
Follow Valuation Odds of Bankruptcy
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Odfjell Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Odfjell Drilling's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Odfjell Drilling or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Oil And Gas (View all Themes) |
| Business Concentration | Oil And Gas, Oil & Gas Drilling, Energy (View all Sectors) |
Odfjell Drilling (ODL) is traded on Oslo Stock Exchange in Norway and employs 1,300 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 6.45 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Odfjell Drilling's market, we take the total number of its shares issued and multiply it by Odfjell Drilling's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Odfjell Drilling operates under Energy sector and is part of Oil & Gas Drilling industry. The entity has 236.78 M outstanding shares.
Odfjell Drilling has accumulated about 190.83 M in cash with 256.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.81.
Check Odfjell Drilling Probability Of Bankruptcy
Ownership AllocationOdfjell Drilling owns a total of 236.78 Million outstanding shares. Odfjell Drilling holds majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 62.02 pct. of Odfjell Drilling outstanding shares that are owned by insiders implies they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Odfjell Ownership Details
Odfjell Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Odfjell Drilling jumping above the current price in 90 days from now is about 1.54%. The Odfjell Drilling probability density function shows the probability of Odfjell Drilling stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Odfjell Drilling has a beta of -0.7476. This indicates as returns on the benchmark increase, returns on holding Odfjell Drilling are expected to decrease at a much lower rate. During a bear market, however, Odfjell Drilling is likely to outperform the market. Additionally, odfjell Drilling has an alpha of 0.5435, implying that it can generate a 0.54 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Odfjell Drilling to move above the current price in 90 days from now is about 1.54 (This Odfjell Drilling probability density function shows the probability of Odfjell Stock to fall within a particular range of prices over 90 days) .
Odfjell Drilling Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Odfjell Drilling market risk premium is the additional return an investor will receive from holding Odfjell Drilling long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Odfjell Drilling. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Odfjell Drilling's alpha and beta are two of the key measurements used to evaluate Odfjell Drilling's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.49 | |||
| Semi Deviation | 1.32 | |||
| Standard Deviation | 1.89 | |||
| Variance | 3.58 |
Odfjell Stock Against Markets
Picking the right benchmark for Odfjell Drilling stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Odfjell Drilling stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Odfjell Drilling is critical whether you are bullish or bearish towards Odfjell Drilling at a given time. Please also check how Odfjell Drilling's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Odfjell Drilling without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Odfjell Drilling Corporate Management
Elected by the shareholders, the Odfjell Drilling's board of directors comprises two types of representatives: Odfjell Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Odfjell. The board's role is to monitor Odfjell Drilling's management team and ensure that shareholders' interests are well served. Odfjell Drilling's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Odfjell Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kurt Holster | VP HR | Profile | |
| Per Lund | EVP CTO | Profile | |
| James Crothers | Investor Officer | Profile | |
| George Taggart | Ex Services | Profile | |
| Kurt Fjell | Ex Technology | Profile | |
| Frode Syslak | Chief Officer | Profile | |
| Diane Stephen | G Mang | Profile |
How to buy Odfjell Stock?
Before investing in Odfjell Drilling, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Odfjell Drilling. To buy Odfjell Drilling stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Odfjell Drilling. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Odfjell Drilling stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Odfjell Drilling stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Odfjell Drilling stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Odfjell Drilling, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Odfjell Drilling?
The danger of trading Odfjell Drilling is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Odfjell Drilling is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Odfjell Drilling. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Odfjell Drilling is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Odfjell Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Odfjell Stock analysis
When running Odfjell Drilling's price analysis, check to measure Odfjell Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Odfjell Drilling is operating at the current time. Most of Odfjell Drilling's value examination focuses on studying past and present price action to predict the probability of Odfjell Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odfjell Drilling's price. Additionally, you may evaluate how the addition of Odfjell Drilling to your portfolios can decrease your overall portfolio volatility.
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