Shares of Seadrill Limited (NYSE:SDRL – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $53.94 and last traded at $53.8960, with a volume of 178810 shares changing hands. The stock had previously closed at $52.70.
Analyst Ratings Changes
SDRL has been the subject of several analyst reports. Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of Seadrill in a research report on Thursday, April 2nd. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. BWS Financial reissued a “buy” rating and set a $80.00 price target on shares of Seadrill in a research report on Tuesday, April 7th. Finally, Barclays raised shares of Seadrill from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $59.00 in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Seadrill presently has a consensus rating of “Moderate Buy” and an average price target of $55.00.
Check Out Our Latest Research Report on Seadrill
Seadrill Trading Down 1.0%
Seadrill (NYSE:SDRL – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The oil and gas company reported ($0.11) earnings per share 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 business had revenue of $358.00 million during the quarter, compared to analyst estimates of $326.75 million. On average, research analysts anticipate that Seadrill Limited will post 0.04 EPS for the current year.
Hedge Funds Weigh In On Seadrill
Several hedge funds and other institutional investors have recently bought and sold shares of SDRL. Amica Retiree Medical Trust grew its stake in shares of Seadrill by 13.7% during the 3rd quarter. Amica Retiree Medical Trust now owns 2,942 shares of the oil and gas company’s stock worth $89,000 after purchasing an additional 355 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Seadrill by 20.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 422 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Seadrill by 11.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,615 shares of the oil and gas company’s stock worth $139,000 after purchasing an additional 484 shares during the period. Osaic Holdings Inc. grew its stake in shares of Seadrill by 18.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,521 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 558 shares during the period. Finally, Swiss National Bank grew its stake in shares of Seadrill by 0.5% during the 1st quarter. Swiss National Bank now owns 117,200 shares of the oil and gas company’s stock worth $5,333,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.
Seadrill Company Profile
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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