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Shelf Drilling ( (SHLLF) ) has issued an update.
Shelf Drilling announced the finalization of its merger with ADES International Holding, which will lead to the delisting of the company from the Oslo Stock Exchange. As a result, trading in Shelf Drilling will be suspended, and the company will cease reporting its earnings, marking a significant shift in its operational and market presence.
The most recent analyst rating on (SHLLF) stock is a Hold with a NOK14.00 price target. To see the full list of analyst forecasts on Shelf Drilling stock, see the SHLLF Stock Forecast page.
More about Shelf Drilling
Shelf Drilling is an international shallow water offshore drilling contractor with operations across several regions including the Middle East, Southeast Asia, India, West Africa, the Mediterranean, and the North Sea. Established in 2012, the company is known for its fit-for-purpose strategy and strong client relationships. It is incorporated in the Cayman Islands and headquartered in Dubai, UAE, and is listed on the Oslo Stock Exchange under the ticker ‘SHLF’.
Average Trading Volume: 676,997
Current Market Cap: NOK4.75B
Learn more about SHLLF stock on TipRanks’ Stock Analysis page.