Hara Capital LLC Takes Position in Seadrill Limited $SDRL

Hara Capital LLC bought a new position in shares of Seadrill Limited (NYSE:SDRL) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 77,394 shares of the oil and gas company’s stock, valued at approximately $2,927,000. Seadrill accounts for 1.5% of Hara Capital LLC’s investment portfolio, making the stock its 19th largest position.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Seadrill during the 2nd quarter valued at about $207,509,000. Elliott Investment Management L.P. lifted its holdings in Seadrill by 3.5% in the 1st quarter. Elliott Investment Management L.P. now owns 4,719,085 shares of the oil and gas company’s stock worth $214,718,000 after buying an additional 160,327 shares during the period. Vanguard Group Inc. grew its position in shares of Seadrill by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 3,807,933 shares of the oil and gas company’s stock worth $131,754,000 after buying an additional 23,672 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 period. Finally, Adage Capital Partners GP L.L.C. raised its holdings in shares of Seadrill by 12.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,484,940 shares of the oil and gas company’s stock valued at $120,579,000 after acquiring an additional 373,176 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Seadrill Price Performance

SDRL opened at $47.74 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 1,591.33 and a beta of 1.21. The stock has a fifty day simple moving average of $42.31 and a two-hundred day simple moving average of $44.59. Seadrill Limited has a 12-month low of $28.10 and a 12-month high of $55.47.

Seadrill (NYSE:SDRL) last announced its earnings results on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.18. The firm had revenue of $430.00 million for the quarter, compared to analysts’ expectations of $388.46 million. Seadrill had a net margin of 0.07% and a return on equity of 0.64%. Research analysts predict that Seadrill Limited will post 0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SDRL has been the subject of a number of research analyst reports. Fearnley Fonds raised Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Seadrill in a research report on Tuesday, June 30th. BWS Financial reaffirmed a “buy” rating and issued a $80.00 target price on shares of Seadrill in a research report on Tuesday, August 11th. Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $41.00 to $59.00 in a research report on Thursday, May 7th. Three 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

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.