North Atlantic Drilling Ltd. (NYSE:NADL) announced its quarterly earnings data on Tuesday. The company reported ($0.67) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.18) by $0.51. North Atlantic Drilling had a negative return on equity of 6.94% and a negative net margin of 17.62%.

North Atlantic Drilling (NYSE:NADL) opened at 3.36 on Wednesday. The stock’s 50 day moving average price is $2.76 and its 200 day moving average price is $3.97. North Atlantic Drilling has a 12-month low of $1.36 and a 12-month high of $8.08. The stock’s market cap is $81.02 million.

Earnings History for North Atlantic Drilling (NYSE:NADL)

Several large investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its stake in North Atlantic Drilling by 82.7% in the second quarter. Acrospire Investment Management LLC now owns 16,510 shares of the company’s stock valued at $111,000 after buying an additional 7,473 shares during the period. Sanders Morris Harris Inc. boosted its stake in North Atlantic Drilling by 4.1% in the second quarter. Sanders Morris Harris Inc. now owns 26,506 shares of the company’s stock valued at $179,000 after buying an additional 1,050 shares during the period. Acadian Asset Management LLC bought a new stake in North Atlantic Drilling during the second quarter valued at approximately $165,000. Credit Suisse AG boosted its stake in North Atlantic Drilling by 58.2% in the third quarter. Credit Suisse AG now owns 70,866 shares of the company’s stock valued at $215,000 after buying an additional 26,074 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in North Atlantic Drilling during the second quarter valued at approximately $127,000. Institutional investors and hedge funds own 7.07% of the company’s stock.

A number of research analysts have weighed in on the company. Zacks Investment Research upgraded North Atlantic Drilling from a “hold” rating to a “strong-buy” rating and set a $5.00 price objective on the stock in a report on Wednesday, August 10th. Evercore ISI set a $2.00 price objective on North Atlantic Drilling and gave the company a “sell” rating in a report on Wednesday, September 28th.

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