Seadrill Limited (NYSE:SDRL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Seadrill Limited (NYSE:SDRL) have earned an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $55.00.

A number of brokerages have recently commented on SDRL. BWS Financial reissued a “buy” rating and set a $80.00 price target on shares of Seadrill in a research note on Monday, June 29th. BTIG Research upped their price objective on Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Citigroup raised their price objective on shares of Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Fearnley Fonds raised shares of Seadrill from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Seadrill in a report on Tuesday, June 30th.

Institutional Trading of Seadrill

Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Seadrill in the 2nd quarter valued at $207,509,000. Schf GPE LLC bought a new position in Seadrill during the second quarter worth $60,132,000. Elliott Investment Management L.P. raised its stake in Seadrill by 23.1% during the fourth quarter. Elliott Investment Management L.P. now owns 4,558,758 shares of the oil and gas company’s stock worth $157,733,000 after buying an additional 855,012 shares during the last quarter. Thomist Capital Management LP lifted its holdings in Seadrill by 44.6% in the fourth quarter. Thomist Capital Management LP now owns 1,835,718 shares of the oil and gas company’s stock valued at $63,387,000 after buying an additional 566,419 shares during the period. Finally, Goehring & Rozencwajg Associates LLC boosted its position 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 acquiring an additional 529,884 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Seadrill Stock Down 0.1%

Shares of SDRL opened at $43.18 on Monday. Seadrill has a 52 week low of $28.02 and a 52 week high of $55.47. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of -38.55 and a beta of 1.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a fifty day moving average of $42.06 and a 200-day moving average of $44.03.

Seadrill (NYSE:SDRL) last issued its quarterly earnings data on Monday, May 11th. The oil and gas company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $358.00 million for the quarter, compared to the consensus estimate of $326.75 million. As a group, sell-side analysts anticipate that Seadrill will post 0.37 earnings per share for the current fiscal 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.