Seadrill Limited (NYSE:SDRL – Get 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.
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Institutional Trading of Seadrill
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:SDRL – Get 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
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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