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Last $1.45 USD
Change Today +0.01 / 0.69%
Volume 810.1K
As of 8:04 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

north atlantic drilling ltd (NADL) Snapshot

Open
$1.43
Previous Close
$1.44
Day High
$1.46
Day Low
$1.39
52 Week High
06/9/14 - $11.50
52 Week Low
03/18/15 - $1.10
Market Cap
349.7M
Average Volume 10 Days
1.1M
EPS TTM
$-1.39
Shares Outstanding
241.1M
EX-Date
11/28/14
P/E TM
--
Dividend
--
Dividend Yield
33.33%
Current Stock Chart for NORTH ATLANTIC DRILLING LTD (NADL)

north atlantic drilling ltd (NADL) Related Businessweek News

No Related Businessweek News Found

north atlantic drilling ltd (NADL) Details

North Atlantic Drilling Limited operates as an offshore drilling services contractor in the North Atlantic region. The company provides harsh environment offshore drilling services to the oil and gas industry primarily in Norway and the United Kingdom. As of December 31, 2014, the company owned eight offshore drilling rigs, including one ultra-deep water drillship, three jack-up rigs, and four semi-submersible rigs comprising one rig under construction. It also has a contract for the construction of one semi-submersible rig. The company was founded in 2011 and is headquartered in Hamilton, Bermuda. North Atlantic Drilling Limited is a subsidiary of Seadrill Limited.

1,405 Employees
Last Reported Date: 04/22/15
Founded in 2011

north atlantic drilling ltd (NADL) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

north atlantic drilling ltd (NADL) Key Developments

North Atlantic Drilling Limited, Q1 2015 Earnings Call, May 28, 2015

North Atlantic Drilling Limited, Q1 2015 Earnings Call, May 28, 2015

North Atlantic Drilling Ltd, Seadrill and Rosneft Oil Company to Extend Termination Date of Framework Agreement

North Atlantic Drilling Ltd, Seadrill and Rosneft Oil Company have mutually agreed to extend the termination date of the Framework Agreement until May 31, 2017, whereby any party can terminate the Framework Agreement and /or any offshore drilling contracts at any time prior to May 31, 2017 at no cost. Additionally, the companies have agreed to use reasonable efforts to renegotiate the terms and characteristics of the transactions contemplated in the Framework Agreement and the terms of the related offshore drilling contracts. During this time, NADL is permitted to market the offshore drilling rigs subject to existing drilling contracts with Rosneft and enter into binding contracts with third parties. NADL will also be permitted to delay the construction, delivery, or shipyard stay of any of those rigs. On August 22, 2014 North Atlantic Drilling Ltd. announced that it had entered into a Framework Agreement between NADL, Seadrill and Rosneft Oil Company. On November 7, 2014, the closing of the transaction was delayed until the end of May 2015.

North Atlantic Drilling Receives Notice of Termination for the West Navigator

North Atlantic Drilling Ltd. has received a notice of termination from Rosneft of the service order for the West Navigator in connection with the Framework Agreement. The drillship was indicatively scheduled to commence operations under its five-year contract with Rosneft during the summer of 2015, which would have required earlier mobilisation. As outlined in fourth quarter 2014 results report, the company believes that it will be very challenging to close the transactions with Rosneft on the same terms or in the timeframe contemplated in the executed agreements, and that there were significant risks attached to the USD 4.1 billion order backlog related to the drilling contracts with Rosneft. The termination of the service order for West Navigator will reduce NADL's contract backlog by USD 1.0 billion. The company will be marketing the West Navigator for alternative future opportunities, however remains in discussions with Rosneft to explore various alternatives for future co-operation.

 

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NADL Competitors

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Company Last Change
Fred Olsen Energy ASA 60.70 NOK -1.35
Odfjell Drilling Ltd 6.86 NOK -0.13
Odfjell SE 23.00 NOK 0.00
Pacific Drilling SA $4.00 USD -0.09
Rowan Cos Plc $22.38 USD -0.25
View Industry Companies
 

Industry Analysis

NADL

Industry Average

Valuation NADL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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