North Atlantic Drilling Ltd. (NYSE:NADL) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.

North Atlantic Drilling (NYSE:NADL) opened at 1.40 on Friday. North Atlantic Drilling has a 12 month low of $0.65 and a 12 month high of $4.80. The stock’s market capitalization is $33.76 million. The company’s 50-day moving average is $1.50 and its 200-day moving average is $1.81.

North Atlantic Drilling (NYSE:NADL) last announced its earnings results on Thursday, August 24th. The oil and gas company reported ($2.59) EPS for the quarter, topping the consensus estimate of ($2.87) by $0.28. The firm had revenue of $61.70 million for the quarter. North Atlantic Drilling had a negative net margin of 54.37% and a negative return on equity of 55.80%. Equities analysts anticipate that North Atlantic Drilling will post ($10.05) earnings per share for the current year.

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An institutional investor recently raised its position in North Atlantic Drilling stock. Northern Trust Corp increased its stake in North Atlantic Drilling Ltd. (NYSE:NADL) by 451.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 0.53% of North Atlantic Drilling worth $169,000 as of its most recent filing with the SEC. 5.66% of the stock is currently owned by institutional investors.

North Atlantic Drilling Company Profile

North Atlantic Drilling Ltd. operates as an offshore drilling contractor in the North Atlantic region. The company provides harsh environment offshore drilling services to the oil and gas industry primarily in Norway, the United Kingdom, and the Russian Federation. As of December 31, 2016, it owned seven offshore drilling rigs, including three semi-submersibles, one ultra-deep water drillship, and three jack-up rigs.

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