Seadrill Limited (NYSE:SDRL) Given Consensus Recommendation of “Hold” by Brokerages

Seadrill Limited (NYSE:SDRL) has earned a consensus rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $43.60.

Several brokerages have commented on SDRL. Weiss Ratings cut shares of Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 6th. BTIG Research upped their price objective on Seadrill from $33.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 9th. Zacks Research raised Seadrill from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. BWS Financial restated a “buy” rating and set a $80.00 target price on shares of Seadrill in a research report on Friday, January 23rd. Finally, Citigroup downgraded shares of Seadrill from a “neutral” rating to a “sell” rating and cut their price target for the company from $35.00 to $32.00 in a research report on Monday, January 12th.

Hedge Funds Weigh In On Seadrill

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Seadrill in the 2nd quarter valued at $27,000. EverSource Wealth Advisors LLC acquired a new position in Seadrill in the second quarter valued at about $42,000. Aquatic Capital Management LLC bought a new stake in shares of Seadrill in the third quarter worth about $44,000. CIBC Private Wealth Group LLC bought a new stake in shares of Seadrill in the third quarter worth about $61,000. Finally, Farther Finance Advisors LLC raised its position in shares of Seadrill by 19.7% during the third quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 343 shares during the period. 95.67% of the stock is owned by institutional investors.

Seadrill Stock Up 4.9%

Shares of NYSE SDRL opened at $39.92 on Monday. Seadrill has a 1 year low of $17.74 and a 1 year high of $40.35. The firm’s 50-day moving average is $34.63 and its 200-day moving average is $32.10. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.49 billion, a PE ratio of 86.78 and a beta of 1.53.

About Seadrill

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.