North Atlantic Drilling (NADL) Announces Quarterly Results
North Atlantic Drilling (NASDAQ:NADL) released its earnings data on Wednesday. The company reported $0.08 earnings per share for the quarter, American Banking and Market News reports. The company had revenue of $273.70 million for the quarter, compared to the consensus estimate of $310.40 million.
North Atlantic Drilling (NASDAQ:NADL) traded down 0.31% during mid-day trading on Wednesday, hitting $9.6199. The stock had a trading volume of 765,794 shares. North Atlantic Drilling has a 1-year low of $8.00 and a 1-year high of $9.70. The stock has a 50-day moving average of $8.52 and a 200-day moving average of $8.6. The company has a market cap of $2.190 billion and a price-to-earnings ratio of 9.32.
A number of research firms have recently commented on NADL. Analysts at Morgan Stanley raised their price target on shares of North Atlantic Drilling from $9.90 to $10.80 in a research note on Tuesday. They now have an “equal weight” rating on the stock. Finally, analysts at Barclays initiated coverage on shares of North Atlantic Drilling in a research note on Monday, March 10th. They set an “overweight” rating and a $11.00 price target on the stock.
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