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Last $0.75 USD
Change Today -0.0426 / -5.35%
Volume 384.3K
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

north atlantic drilling ltd (NADL) Snapshot

Open
$0.80
Previous Close
$0.80
Day High
$0.80
Day Low
$0.72
52 Week High
09/5/14 - $10.39
52 Week Low
08/24/15 - $0.51
Market Cap
181.6M
Average Volume 10 Days
743.5K
EPS TTM
$-1.39
Shares Outstanding
241.1M
EX-Date
11/28/14
P/E TM
--
Dividend
--
Dividend Yield
31.88%
Current Stock Chart for NORTH ATLANTIC DRILLING LTD (NADL)

north atlantic drilling ltd (NADL) Related Businessweek News

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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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

North Atlantic Drilling Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported profit before income tax of $44.0 million compared to $62.4 million a year ago. Net profit attributable to the shareholders of the company was $40.1 million or $0.17 per basic and diluted share compared to $57.0 million or $0.24 per basic and diluted share a year ago. Total operating revenues were $210.7 million against $342.6 million a year ago. Operating income was $64.5 million against $104.8 million a year ago. North Atlantic Drilling generated second quarter 2015 EBITDA of $119.3 million. The primary reason for the increase is the West Phoenix having significantly less downtime in second quarter compared to first quarter, due to BOP repairs. The increase in operating income is primarily due to the West Phoenix as stated above, combined with lower operating costs as the West Navigator is now off contract and stacked. For the six months, the company reported profit before income tax of $35.0 million compared to $85.1 million a year ago. Net profit attributable to the shareholders of the company was $24.7 million or $0.10 per basic and diluted share compared to $76.9 million or $0.32 per basic and diluted share a year ago. Total operating revenues were $402.7 million against $616.3 million a year ago. Operating income was $101.4 million against $176.0 million a year ago. Net cash provided by operations was $197.8 million compared to $44.7 million a year ago. Additions to new buildings was $11.4 million compared to $402.1 million a year ago. Additions to rigs and equipment were $3.6 million compared to $4.9 million a year ago. Additions to newbuildings was $20.0 million against $434.9 million a year ago.

North Atlantic Drilling Limited Announces Executive Changes

North Atlantic Drilling Ltd. announced that Ragnvald Kavli, Chief Financial Officer, has decided to leave the company to pursue other career opportunities and will step down from his duties as of August 17, 2015. Scott McReaken will succeed Mr. Kavli as Chief Financial Officer for North Atlantic Drilling. Mr. McReaken will assume his new responsibilities along with his current responsibilities as Chief Executive Officer in Sevan Drilling. Mr. McReaken comes with a strong background within the Seadrill Group where he has held various management positions. In addition he has held positions in other offshore drilling contractors in Norway, USA, West Africa and Latin America.

North Atlantic Drilling Limited, Q2 2015 Earnings Call, Aug 27, 2015

North Atlantic Drilling Limited, Q2 2015 Earnings Call, Aug 27, 2015

 

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NADL Competitors

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Fred Olsen Energy ASA 38.91 NOK -1.69
Odfjell Drilling Ltd 5.09 NOK +0.09
Odfjell SE 25.00 NOK +0.10
Pacific Drilling SA $1.79 USD -0.04
Rowan Cos Plc $17.29 USD -0.14
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Valuation NADL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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