Northern Ocean Ltd.

Northern Ocean Ltd.verified

NOL.OL

Price:

$8.56

Market Cap:

$257.28M

Northern Ocean Ltd., a drilling contractor, provides offshore contract drilling services for the oil and gas industry worldwide. The company was incorporated in 2017 and is based in Hamilton, Bermuda.

Industry

Oil & Gas Drilling

IPO Date

2020-02-27

Stock Exchange

OSL

Ticker

NOL.OL

The ROE as of December 2025 (TTM) for Northern Ocean Ltd. (NOL.OL) is -17.27%

According to Northern Ocean Ltd.’s latest financial reports and current stock price. The company's current ROE is -17.27%. This represents a change of 304.53% compared to the average of -4.27% of the last 4 quarters.

Northern Ocean Ltd. (NOL.OL) Historical ROE (quarterly & annually)

How has NOL.OL ROE performed in the past?

The mean historical ROE of Northern Ocean Ltd. over the last ten years is -11.97%. The current -17.27% ROE has changed 44.24% with respect to the historical average. Over the past ten years (40 quarters), NOL.OL's ROE was at its highest in in the September 2019 quarter at 17.82%. The ROE was at its lowest in in the September 2024 quarter at -7.80%.

Quarterly (TTM)
Annual

Average

-11.97%

Median

-14.28%

Minimum

-18.33%

Maximum

-1.52%

Northern Ocean Ltd. (NOL.OL) ROE by Quarter and Year

Discovering the peaks and valleys of Northern Ocean Ltd. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 374.90%

Maximum Annual ROE = -1.52%

Minimum Annual Increase = -11.46%

Minimum Annual ROE = -18.33%

Quarterly (TTM)
Annual
YearROEChange
2024-14.72%-9.32%
2023-16.23%-11.46%
2022-18.33%32.43%
2021-13.84%92.24%
2020-7.20%374.90%

Northern Ocean Ltd. (NOL.OL) Average ROE

How has NOL.OL ROE performed in the past?

The current ROE of Northern Ocean Ltd. (NOL.OL) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-16.42%

5-year avg

-14.06%

10-year avg

-11.97%

Northern Ocean Ltd. (NOL.OL) ROE vs. Peers

How is NOL.OL’s ROE compared to its peers?

Northern Ocean Ltd.’s ROE is less than Deep Value Driller AS (263.60%), less than OKEA Asa (60.85%), less than Odfjell Technology Ltd. (21.33%), less than Prosafe SE (280.64%), less than Reach Subsea ASA (20.73%), less than Panoro Energy ASA (12.08%), less than NorAm Drilling AS (15.87%), greater than Dolphin Drilling AS (-116.26%), greater than ABL Group ASA (-1.52%), greater than Questerre Energy Corporation (-6.47%),

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How does the current ROE for Northern Ocean Ltd. (NOL.OL) compare to its historical average?