Seahawk Drilling Sets New 1-Year Low at $21.21 (HAWK)
Seahawk Drilling (NASDAQ:HAWK) set a new 52-week low during trading hours on Monday, Analyst Ratings Net reports. The company traded as low as $21.21 and last traded at $21.34, with a volume of 148,177 shares. The stock had previously closed at $21.66.
Several analysts have recently commented on the stock. Analysts at Susquehanna initiated coverage on shares of Seahawk Drilling in a research note to investors on Thursday, September 26th. They set a “negative” rating and a $20.00 price target on the stock. Analysts at Wedbush cut their price target on shares of Seahawk Drilling from $19.00 to $18.00 in a research note to investors on Friday, July 19th. They now have an “underperform” rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.43.
Seahawk Drilling has a one year low of $21.37 and a one year high of $27.23. The stock has a 50-day moving average of $24.60 and a 200-day moving average of $24.50. The company has a market cap of $1.101 billion and a price-to-earnings ratio of 26.25.
Seahawk Drilling (NASDAQ:HAWK) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.10. The company had revenue of $225.90 million for the quarter, compared to the consensus estimate of $237.14 million. The company’s quarterly revenue was up 18.9% on a year-over-year basis.
Seahawk Drilling, Inc (NASDAQ:HAWK) operates a jackup rig business that provides contract drilling services to the oil and natural gas exploration and production industry in the Gulf of Mexico.
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