North Atlantic Drilling Ltd. (NYSE:NADL) saw some unusual options trading on Monday. Stock traders acquired 12,021 put options on the stock. This represents an increase of 1,355% compared to the average volume of 826 put options.
North Atlantic Drilling (NADL) opened at 1.69 on Friday. The company’s 50-day moving average price is $1.70 and its 200 day moving average price is $2.06. North Atlantic Drilling has a 52-week low of $0.65 and a 52-week high of $4.80. The stock’s market capitalization is $40.75 million.
North Atlantic Drilling (NYSE:NADL) last posted its quarterly earnings results on Wednesday, May 24th. The oil and gas company reported ($2.34) EPS for the quarter, beating the consensus estimate of ($2.50) by $0.16. North Atlantic Drilling had a negative net margin of 25.59% and a negative return on equity of 30.91%. The company had revenue of $72.60 million for the quarter. On average, equities research analysts predict that North Atlantic Drilling will post ($10.65) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in North Atlantic Drilling stock. Renaissance Technologies LLC raised its stake in shares of North Atlantic Drilling Ltd. (NYSE:NADL) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 453,940 shares of the oil and gas company’s stock after buying an additional 13,300 shares during the period. Renaissance Technologies LLC owned approximately 1.88% of North Atlantic Drilling worth $1,439,000 at the end of the most recent reporting period. 4.37% of the stock is owned by hedge funds and other institutional investors.
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