Northern Ocean (NOL.OL) Stock Price

Northern Ocean Price

Oslo Børs·CLOSED
0.68
​
Market closed

Revenue has compounded at 64.6% per year over the past 6 years to 279.42 M USD. Northern Ocean's net margin stands at -36.7%, up from -101.2% several years earlier. Analysts set a median price target of 0.81 USD, implying 19.0% above the current price. Of 9 analysts, 6 rate the stock a buy — an overall Buy consensus.

Northern Ocean stock price

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Northern Ocean business model & stock analysis

Northern Ocean Ltd. generates revenue by leasing its two semi-submersible drilling rigs, Deepsea Mira and Deepsea Bollsta, to the oil and gas industry. The rigs are contracted on a day rate basis for extended periods, primarily serving clients in harsh offshore environments. The company focuses on deep-water drilling operations with a maximum depth capacity of approximately 10,000 feet, targeting long-term contracts in challenging global locations. The firm's primary clients are oil and gas companies requiring offshore drilling services in demanding conditions. These clients typically secure multi-year agreements for rig usage, ensuring steady revenue streams. Northern Ocean Ltd. differentiates itself through its specialized fleet capable of operating in extreme environments, which is a key factor in attracting long-term contracts from major energy firms. Deepsea Mira and Deepsea Bollsta represent the core assets driving the company's business model. Both rigs are designed for deep-water operations with a 10,000-foot depth capacity, making them suitable for complex drilling projects. The day rate pricing model allows the company to maintain predictable income while meeting the operational needs of clients in the oil and gas sector.

Frequently asked questions about Northern Ocean

Analysts currently set an average price target of 0.87 USD for the Northern Ocean stock (median: 0.81 USD), implying +26.3 % versus the latest price. The consensus is based on 9 analyst ratings.

9 analysts currently rate the Northern Ocean stock: 6 recommend buying, 3 holding and 0 selling. For 2026, analysts expect Northern Ocean to generate revenue of 616.06 M USD and earnings per share of -0.18 USD.

Converted at the current exchange rate, the Northern Ocean share trades at 0.61 EUR (0.68 USD).

The Northern Ocean share (NOL.OL) is listed on 2 stock exchanges, including: Frankfurt (4JO.F), Oslo (NOL.OL).

The expected revenue of Northern Ocean is 616.06 M USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Northern Ocean is -53.60 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Northern Ocean is currently -3.87. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Northern Ocean stock.

The price-to-sales ratio (P/S) of Northern Ocean is currently 0.34. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Northern Ocean stock.

The Eulerpool Quality Score for Northern Ocean is 4/10.

The ISIN of Northern Ocean is BMG6682J1036. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Northern Ocean is A2PWPV. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Northern Ocean is NOL.OL. The ticker symbol is used to trade Northern Ocean shares on the stock exchange.

Fair ValueTerminal
0.57 USD
Over-/UndervaluationTerminal
Fairly valued
Sector
Industry
Energy Equipment & Services
Number of shares
Employees
Revenue per Employee
39.92 M USD
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Country
Bermuda
Currency
USD
Initial public offering
Dec 9, 2019
ISIN
BMG6682J1036
Cusip
G6682J103
Market capitalization
207.19 M USDMicro Cap
52-Week Range
PEG
0.05
P/E ratio
P/Ee 2026
-3.87
P/Ee 2027
-11.34
P/Ee 2028
-15.84
P/S
P/Se
0.34
EV/EBIT
—
P/B Ratio
0.60
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
-29.75 %
Last updated Nov 12, 2026, 3:38 AM

Northern Ocean Peer Group

Northern Ocean Ticker

FRANKFURT · 4JO.FOSLO · NOL.OL

Northern Ocean FIGI

NOL:NO · BBG00R288KN2NOLNOK:EP · BBG00RT7ZL08NOLNOK:EZ · BBG00RT7ZL26NOLNOK:XS · BBG00RT7ZL35NOLNOK:X2 · BBG00RT7ZL44NOLNOK:XH · BBG00RT7ZL62NOLNOK:XF · BBG00RT7ZL80NOLNOK:XE · BBG00RT7ZLB6NOLNOK:XJ · BBG00RT7ZLC5NOLNOK:XL · BBG00RT7ZLD4NOLNOK:XG · BBG00RT7ZLF2NOLNOK:XO · BBG00RT7ZLG1