Archer Limited

ARCH

BMG0451H1170

Oil & Gas Drilling

Market Closed - Oslo Bors Other stock markets 10:45:00 2024-04-26 am EDT			5-day change	1st Jan Change
1.064 ^NOK	+2.50%		+2.11%	+21.18%

Mar. 15	Archer Ltd to Buy Majority Stake in Vertikal Service	MT
Mar. 15	Archer Limited (OB:ARCH) agreed to acquire 65% stake in Vertikal Service As for NOK 25 million.	CI

Archer Limited Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

February 28, 2024 at 11:08 pm EST

Archer Limited reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 252.4 million compared to USD 218.5 million a year ago. Revenue was USD 305.1 million compared to USD 264.3 million a year ago.

Net income was USD 8.5 million compared to USD 16.4 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.11 a year ago.

Latest news about Archer Limited

Archer Ltd to Buy Majority Stake in Vertikal Service	Mar. 15	MT
Archer Limited (OB:ARCH) agreed to acquire 65% stake in Vertikal Service As for NOK 25 million.	Mar. 14	CI
Equinor Awards NOK18.4 Billion Extensions for Drilling Contracts with Archer, KCA Deutag, Odfjell	Mar. 14	MT
Archer Limited Secures NOK 8 Billion Platform Drilling Contract with Equinor	Mar. 13	CI
Archer Limited Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 28	CI
Archer Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 28	CI
Some workers at Norway's Ekofisk oilfield plan strike action, union says	Feb. 07	RE
Transcript : Archer Limited, Q4 2023 Sales/ Trading Statement Call, Jan 26, 2024	Jan. 26
Archer's Argentinian Arm Bags $125 Million Contracts for Additional Drilling Services	Jan. 24	MT
Archer Limited Wins Contracts Worth USD 125 Million	Jan. 24	CI
Transcript : Archer Limited, Q3 2023 Earnings Call, Nov 03, 2023	Nov. 03
Small group of Norway oil service workers threaten strike action	23-09-06	RE
Archer Seeks Acquisitions	23-09-05	CI
Archer Limited Provides Earnings Guidance for 2023	23-08-16	CI
Archer Seeks Acquisitions	23-08-16	CI
Transcript : Archer Limited, Q2 2023 Earnings Call, Aug 16, 2023	23-08-16
Archer Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-15	CI
Repsol JV Awards $165 Million Decommissioning Contract to Archer	23-08-15	MT
Archer Secures $165 Million Repsol Sinopec Contract for P&A Decommissioning	23-08-15	CI
Norway oil drilling companies, unions agree wage deal, averting strike action	23-06-28	RE
Norway oil drilling rig companies start wage mediation with unions	23-06-28	RE
More than 900 Norway oil drilling workers may strike from June 29	23-06-12	RE
More than 900 Norway oil drilling workers may strike from June 29	23-06-12	RE
Oil Services Company Archer Receives Five-year Contract From Perenco UK	23-05-25	MT
Archer Limited Secures Five-Year Coiled Tubing and Pumping Contract in the UK with Estimated Potential Value of Up to $50 Million	23-05-25	CI

Chart Archer Limited

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Company Profile

Archer Limited is an oilfield service company. The Company operates in 40 locations providing drilling services, well integrity and intervention, plug and abandonment and decommissioning to its upstream oil and gas clients. The Companyâs comprehensive drilling and workover services include platform drilling, land drilling, directional drilling, drill bits, modular rigs, fluids, engineering, and equipment rentals, as well as a select range of well delivery support services and products. Its products and services include oil tools, land drilling, platform drilling, engineering, and wireline. Its oil tools include plugs and plug solutions, cementing solutions, well cleaning solutions, renewable energies and carbon capture and storage, and digital well integrity solutions. Its engineering services include project management, consulting, and inspection. It also operates the coil tubing and pumping (CT&P) business, which includes four CT&P packages with supporting equipment.

Sector

Oil & Gas Drilling

Calendar

2024-04-30 - Annual General Meeting

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Ratings for Archer Limited

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.064 NOK

Average target price

1.675 NOK

Spread / Average Target

+57.42%

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Sector Other Oil & Gas Drilling

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Other Oil & Gas Drilling

Archer Limited

Equities

ARCH

BMG0451H1170

Oil & Gas Drilling

Archer Limited Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

EPS Revisions