Investors Buy Large Volume of Put Options on North Atlantic Drilling (NYSE:NADL)
North Atlantic Drilling Ltd. (NYSE:NADL) saw unusually large options trading on Monday. Stock traders bought 12,021 put options on the stock. This is an increase of approximately 1,355% compared to the average volume of 826 put options.
North Atlantic Drilling (NADL) traded up 3.27% on Monday, reaching $1.58. The company’s stock had a trading volume of 35,038 shares. The firm’s 50 day moving average price is $1.57 and its 200-day moving average price is $1.95. The company’s market capitalization is $38.10 million. North Atlantic Drilling has a 52 week low of $0.65 and a 52 week high of $4.80.
North Atlantic Drilling (NYSE:NADL) last announced its quarterly earnings data on Wednesday, May 24th. The oil and gas company reported ($2.34) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.50) by $0.16. North Atlantic Drilling had a negative return on equity of 30.91% and a negative net margin of 25.59%. The firm had revenue of $72.60 million for the quarter. On average, equities analysts predict that North Atlantic Drilling will post ($10.65) EPS for the current year.
An institutional investor recently raised its position in North Atlantic Drilling stock. Northern Trust Corp increased its position in North Atlantic Drilling Ltd. (NYSE:NADL) by 451.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 126,602 shares of the oil and gas company’s stock after buying an additional 103,651 shares during the period. Northern Trust Corp owned approximately 0.53% of North Atlantic Drilling worth $169,000 at the end of the most recent quarter. 4.37% of the stock is currently owned by institutional investors and hedge funds.
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