Seahawk Drilling (HAWK) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Seahawk Drilling (NASDAQ:HAWK) posted its quarterly earnings results on Thursday. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.03, American Banking & Market News reports. The company had revenue of $206.00 million for the quarter, compared to the consensus estimate of $210.94 million. Seahawk Drilling’s revenue was up 25.2% compared to the same quarter last year.
Seahawk Drilling (NASDAQ:HAWK) opened at 21.24 on Thursday. Seahawk Drilling has a one year low of $20.25 and a one year high of $27.23. The stock’s 50-day moving average is $24.29 and its 200-day moving average is $24.42. The company has a market cap of $1.103 billion and a P/E ratio of 25.75.
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 research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Seahawk Drilling has a consensus rating of “Hold” and an average price target of $25.43.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.