BWS Financial reissued their buy rating on shares of Seadrill (NYSE:SDRL – Free Report) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a $80.00 price target on the oil and gas company’s stock.
Other research analysts have also issued reports about the company. Zacks Research upgraded Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Weiss Ratings upgraded Seadrill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Citigroup reiterated a “neutral” rating on shares of Seadrill in a report on Monday, September 7th. Finally, Capital One Financial set a $55.00 target price on Seadrill and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $59.40.
Get Our Latest Research Report on SDRL
Seadrill Trading Up 1.9%
Shares of SDRL stock opened at $47.16 on Wednesday. Seadrill has a 1-year low of $28.10 and a 1-year high of $55.47. The firm has a market cap of $2.95 billion, a PE ratio of 149.32 and a beta of 1.25. The company has a 50-day moving average of $47.11 and a two-hundred day moving average of $45.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 2.50.
Seadrill (NYSE:SDRL – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.18. The business had revenue of $430.00 million for the quarter, compared to the consensus estimate of $388.46 million. Seadrill had a net margin of 0.07% and a return on equity of 0.64%. On average, analysts predict that Seadrill will post 0.98 EPS for the current year.
Institutional Investors Weigh In On Seadrill
Large investors have recently added to or reduced their stakes in the business. State of Wyoming purchased a new position in Seadrill in the 2nd quarter valued at approximately $55,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Seadrill in the second quarter valued at $92,000. GAMMA Investing LLC boosted its holdings in Seadrill by 38.2% in the third quarter. GAMMA Investing LLC now owns 2,523 shares of the oil and gas company’s stock valued at $113,000 after purchasing an additional 698 shares during the period. Entropy Technologies LP purchased a new position in Seadrill in the first quarter valued at $205,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Seadrill in the first quarter valued at $220,000. 95.67% of the stock is owned by hedge funds and other institutional investors.
Seadrill Company Profile
Seadrill Limited is an offshore drilling contractor that provides drilling services to oil and gas companies worldwide. The company operates and manages offshore drilling units, including drillships and semisubmersible rigs, used to explore for and develop oil and natural gas resources in deepwater and other challenging marine environments.
Its services include contract drilling, rig operations, well construction support and related offshore services. Seadrill’s fleet is designed to serve a range of offshore projects, with operations and contract activity spanning major energy-producing regions such as the Gulf of Mexico, Brazil, the North Sea, West Africa and other international markets.
Seadrill was founded in 2005 and has expanded through fleet development, acquisitions and strategic transactions.
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