North Atlantic Drilling Coverage Initiated by Analysts at Goldman Sachs (NADL)
Equities research analysts at Goldman Sachs assumed coverage on shares of North Atlantic Drilling (NASDAQ:NADL) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Separately, 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, May 27th. They now have an “equal weight” rating on the stock.
Shares of North Atlantic Drilling (NASDAQ:NADL) traded up 0.62% during mid-day trading on Monday, hitting $9.80. 439,119 shares of the company’s stock traded hands. North Atlantic Drilling has a 1-year low of $8.00 and a 1-year high of $11.50. The stock has a 50-day moving average of $10.11 and a 200-day moving average of $9.35. The company has a market cap of $2.363 billion and a P/E ratio of 11.21.
North Atlantic Drilling (NASDAQ:NADL) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.08. The company had revenue of $273.70 million for the quarter, compared to the consensus estimate of $310.40 million. On average, analysts predict that North Atlantic Drilling will post $1.00 earnings per share for the current fiscal year.
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.