Seadrill Limited (NYSE:SDRL) Given Consensus Rating of “Moderate Buy” by Analysts

Seadrill Limited (NYSE:SDRL) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $59.40.

A number of research analysts recently issued reports on SDRL shares. Fearnley Fonds upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Barclays raised Seadrill from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $41.00 to $59.00 in a report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Seadrill in a research report on Tuesday, June 30th. Capital One Financial set a $55.00 price target on Seadrill and gave the company an “overweight” rating in a report on Wednesday, July 1st. Finally, BWS Financial reaffirmed a “buy” rating and set a $80.00 price objective on shares of Seadrill in a research note on Tuesday, August 11th.

Seadrill Trading Down 0.7%

NYSE:SDRL opened at $50.13 on Friday. The company has a market capitalization of $3.14 billion, a P/E ratio of 1,671.00 and a beta of 1.22. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26. Seadrill has a 12 month low of $28.10 and a 12 month high of $55.47. The firm has a fifty day simple moving average of $43.96 and a 200-day simple moving average of $45.15.

Seadrill (NYSE:SDRL) last issued its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.18. The company had revenue of $430.00 million during the quarter, compared to analysts’ expectations of $388.46 million. Seadrill had a return on equity of 0.64% and a net margin of 0.07%. On average, equities research analysts anticipate that Seadrill will post 0.37 earnings per share for the current year.

Institutional Investors Weigh In On Seadrill

Hedge funds have recently modified their holdings of the company. Tairen Capital Ltd acquired a new position in shares of Seadrill during the 2nd quarter valued at about $2,330,000. Dimensional Fund Advisors LP increased its position in shares of Seadrill by 10.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,553,281 shares of the oil and gas company’s stock worth $161,671,000 after purchasing an additional 326,835 shares during the last quarter. Elliott Investment Management L.P. raised 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 valued at $214,718,000 after buying an additional 160,327 shares during the period. Quantinno Capital Management LP raised its holdings in Seadrill by 91.9% in the 1st quarter. Quantinno Capital Management LP now owns 71,916 shares of the oil and gas company’s stock valued at $3,272,000 after buying an additional 34,436 shares during the period. Finally, Deutsche Bank AG acquired a new position in Seadrill in the second quarter valued at about $10,106,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.