North Atlantic Drilling Ltd. (NYSE:NADL) announced its earnings results on Tuesday. The company reported ($0.67) earnings per share for the quarter, beating the consensus estimate 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%.

Shares of North Atlantic Drilling (NYSE:NADL) opened at 3.36 on Wednesday. North Atlantic Drilling has a 52-week low of $1.36 and a 52-week high of $8.08. The company’s 50-day moving average price is $2.76 and its 200-day moving average price is $3.97. The firm’s market cap is $81.02 million.

Earnings History for North Atlantic Drilling (NYSE:NADL)

A number of equities analysts recently issued reports on the company. Zacks Investment Research cut North Atlantic Drilling from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 9th. Evercore ISI set a $2.00 target price on North Atlantic Drilling and gave the stock a “sell” rating in a report on Wednesday, September 28th.

Large investors have recently modified their holdings of the company. Spark Investment Management LLC increased its stake in shares of North Atlantic Drilling by 53.8% in the second quarter. Spark Investment Management LLC now owns 171,600 shares of the company’s stock valued at $1,156,000 after buying an additional 60,000 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of North Atlantic Drilling by 3.8% in the second quarter. Parametric Portfolio Associates LLC now owns 88,442 shares of the company’s stock valued at $596,000 after buying an additional 3,215 shares during the period. Bridgeway Capital Management Inc. bought a new stake in shares of North Atlantic Drilling during the second quarter valued at about $512,000. Credit Suisse AG increased its stake in shares of 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, Acadian Asset Management LLC increased its stake in shares of North Atlantic Drilling by 88.0% in the third quarter. Acadian Asset Management LLC now owns 45,841 shares of the company’s stock valued at $139,000 after buying an additional 21,453 shares during the period. Hedge funds and other institutional investors own 7.07% of the company’s stock.

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