Seadrill Limited (NYSE:SDRL) Given Average Rating of “Moderate Buy” by Analysts

Seadrill Limited (NYSE:SDRLGet Free Report) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $55.00.

SDRL has been the subject of several research analyst reports. Zacks Research upgraded shares of Seadrill from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $41.00 to $59.00 in a report on Thursday, May 7th. BWS Financial restated a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a report on Tuesday, April 7th. BTIG Research raised their price objective on shares of Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Citigroup raised their price objective on shares of Seadrill from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th.

Read Our Latest Report on Seadrill

Institutional Trading of Seadrill

Several institutional investors and hedge funds have recently bought and sold shares of SDRL. Amica Retiree Medical Trust increased its stake in shares of Seadrill by 13.7% during the third quarter. Amica Retiree Medical Trust now owns 2,942 shares of the oil and gas company’s stock valued at $89,000 after purchasing an additional 355 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Seadrill by 20.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 422 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Seadrill by 11.7% during the third quarter. PNC Financial Services Group Inc. now owns 4,615 shares of the oil and gas company’s stock valued at $139,000 after purchasing an additional 484 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Seadrill by 18.8% during the second quarter. Osaic Holdings Inc. now owns 3,521 shares of the oil and gas company’s stock valued at $92,000 after purchasing an additional 558 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Seadrill by 0.5% during the first quarter. Swiss National Bank now owns 117,200 shares of the oil and gas company’s stock valued at $5,333,000 after purchasing an additional 600 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Seadrill Stock Performance

Seadrill stock opened at $44.40 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $48.18 and a 200-day moving average of $41.60. The firm has a market cap of $2.78 billion, a P/E ratio of -39.64 and a beta of 1.19. Seadrill has a 1-year low of $25.48 and a 1-year high of $55.47.

Seadrill (NYSE:SDRLGet Free Report) last issued its quarterly earnings data on Monday, May 11th. The oil and gas company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). Seadrill had a negative return on equity of 1.84% and a negative net margin of 4.79%.The company had revenue of $358.00 million during the quarter, compared to analysts’ expectations of $326.75 million. Sell-side analysts expect that Seadrill will post 0.04 EPS for the current year.

Seadrill Company Profile

(Get Free Report)

Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.

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Analyst Recommendations for Seadrill (NYSE:SDRL)

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