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

Shares of Seadrill Limited (NYSE:SDRL) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $48.00.

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. BTIG Research upped their price target on shares of Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Zacks Research downgraded shares of Seadrill from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Barclays increased their price objective on Seadrill from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Seadrill in a research note on Thursday.

Institutional Trading of Seadrill

Several hedge funds have recently made changes to their positions in SDRL. Raymond James Financial Inc. purchased a new position in shares of Seadrill during the 2nd quarter worth $27,000. Aquatic Capital Management LLC purchased a new position in shares of Seadrill during the 3rd quarter worth $44,000. EverSource Wealth Advisors LLC purchased a new position in shares of Seadrill during the 2nd quarter worth $42,000. CIBC Private Wealth Group LLC purchased a new position in shares of Seadrill during the 3rd quarter worth $61,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Seadrill by 19.7% during the 3rd 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. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Seadrill Trading Up 3.5%

Shares of SDRL stock opened at $47.24 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.03 and a quick ratio of 2.03. The company has a market cap of $2.95 billion, a price-to-earnings ratio of -38.09 and a beta of 1.31. The stock has a 50 day simple moving average of $42.88 and a 200-day simple moving average of $35.85. Seadrill has a 1-year low of $17.74 and a 1-year high of $48.00.

Seadrill (NYSE:SDRL) last announced its earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. The business had revenue of $362.00 million during the quarter, compared to the consensus estimate of $335.36 million. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%. On average, equities research analysts expect that Seadrill will post 1.86 EPS 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.