SFL - New 100 Million Contract for Semi-Submersible Rig Hercules - Yahoo Finance
| ODL Stock | NOK 48.70 0.15 0.31% |
About 61% of Odfjell Drilling's investor base is looking to short. The analysis of current outlook of investing in Odfjell Drilling suggests that many traders are alarmed regarding Odfjell Drilling's prospects. Odfjell Drilling's investing sentiment shows overall attitude of investors towards Odfjell Drilling.
Odfjell Drilling stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Odfjell daily returns and investor perception about the current price of Odfjell Drilling as well as its diversification or hedging effects on your existing portfolios.
Odfjell |
SFL - New 100 Million Contract for Semi-Submersible Rig Hercules Yahoo Finance
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Odfjell Drilling Fundamental Analysis
We analyze Odfjell Drilling's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Odfjell Drilling using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Odfjell Drilling based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Odfjell Drilling is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Odfjell Drilling Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Odfjell Drilling stock to make a market-neutral strategy. Peer analysis of Odfjell Drilling could also be used in its relative valuation, which is a method of valuing Odfjell Drilling by comparing valuation metrics with similar companies.
Peers
Odfjell Drilling Related Equities
| ACR | Axactor SE | 7.14 | ||||
| EQVA | Eqva ASA | 4.95 | ||||
| SHLF | Shelf Drilling | 4.48 | ||||
| BWO | BW Offshore | 0.89 | ||||
| ELK | Elkem ASA | 0.92 | ||||
| SUBC | Subsea 7 | 1.69 | ||||
| AZT | Arcticzymes Technologies | 2.00 | ||||
| IWS | Integrated Wind | 2.40 | ||||
| NORTH | North Energy | 2.53 | ||||
| VOW | Vow ASA | 7.88 |
Other Information on Investing in Odfjell Stock
Odfjell Drilling financial ratios help investors to determine whether Odfjell Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Odfjell with respect to the benefits of owning Odfjell Drilling security.