Seadrill Limited (NYSE:SDRL) Stock Has Consensus Price Target of $59.80 According to Brokerages

Seadrill Limited (NYSE:SDRL – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $59.80.

SDRL has been the topic of several research analyst reports. Weiss Ratings raised Seadrill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Zacks Research lowered Seadrill from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 14th. Citigroup reaffirmed a “neutral” rating on shares of Seadrill in a report on Monday, September 7th. BWS Financial reiterated a “buy” rating and set a $80.00 price objective on shares of Seadrill in a research report on Wednesday, October 14th. Finally, Barclays increased their target price on Seadrill from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Monday.

View Our Latest Analysis on SDRL

Seadrill Price Performance

Shares of SDRL opened at $43.70 on Wednesday. Seadrill has a twelve month low of $28.55 and a twelve month high of $55.47. The firm has a 50 day moving average of $47.29 and a 200 day moving average of $45.21. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.69 billion, a P/E ratio of -150.69 and a beta of 1.17.

Seadrill (NYSE:SDRL – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The oil and gas company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.68). Seadrill had a positive return on equity of 1.50% and a negative net margin of 1.13%. The company had revenue of $428.00 million during the quarter, compared to the consensus estimate of $382.66 million. As a group, equities research analysts anticipate that Seadrill will post 0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Seadrill

Several hedge funds and other institutional investors have recently made changes to their positions in SDRL. BlackRock Inc. bought a new position in shares of Seadrill in the 2nd quarter worth approximately $207,509,000. Elliott Investment Management L.P. grew its position in Seadrill by 3.5% during the first quarter. Elliott Investment Management L.P. now owns 4,719,085 shares of the oil and gas company’s stock valued at $214,718,000 after buying an additional 160,327 shares during the period. Dimensional Fund Advisors LP increased its holdings in Seadrill by 10.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,553,281 shares of the oil and gas company’s stock valued at $161,671,000 after buying an additional 326,835 shares during the last quarter. Goehring & Rozencwajg Associates LLC increased its holdings in Seadrill by 27.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 2,449,565 shares of the oil and gas company’s stock valued at $111,455,000 after buying an additional 529,884 shares during the last quarter. Finally, Patient Capital Management LLC bought a new position in Seadrill in the second quarter worth approximately $73,876,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Seadrill Company Profile

(Get Free Report)

Seadrill Limited is an offshore drilling contractor that provides drilling services to oil and gas companies. Its work supports the exploration and development of offshore energy resources. The company operates a fleet of offshore drilling units, including drillships, semi-submersible rigs and jack-up rigs. These units are designed for operations in different water depths and offshore conditions. Founded in 2005, Seadrill serves customers in offshore markets around the world. Its business focuses on providing rig operations and related drilling services rather than producing oil and gas itself.

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Analyst Recommendations for Seadrill (NYSE:SDRL)

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