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

Seadrill Limited (NYSE:SDRL) has been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $55.00.

Several equities research analysts recently issued reports on SDRL shares. Capital One Financial set a $55.00 price objective on shares of Seadrill and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Citigroup increased their target price on shares of Seadrill from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. BWS Financial restated a “buy” rating and set a $80.00 target price on shares of Seadrill in a report on Monday, June 29th. Barclays raised Seadrill from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $41.00 to $59.00 in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Seadrill in a research note on Tuesday, June 30th.

Seadrill Price Performance

Shares of SDRL opened at $40.74 on Thursday. 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 firm has a market cap of $2.55 billion, a PE ratio of -36.38 and a beta of 1.27. The firm’s 50 day moving average price is $45.33 and its 200 day moving average price is $42.68. Seadrill has a twelve month low of $27.40 and a twelve month high of $55.47.

Seadrill (NYSE:SDRL) last posted its earnings results on Monday, May 11th. The oil and gas company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 business had revenue of $358.00 million during the quarter, compared to the consensus estimate of $326.75 million. As a group, research analysts expect that Seadrill will post 0.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Seadrill

Several institutional investors and hedge funds have recently added to or reduced their stakes in SDRL. Raymond James Financial Inc. bought a new stake in Seadrill during the second quarter worth approximately $27,000. EverSource Wealth Advisors LLC acquired a new position in Seadrill during the second quarter valued at approximately $42,000. Aquatic Capital Management LLC bought a new position in shares of Seadrill in the third quarter valued at approximately $44,000. CIBC Private Wealth Group LLC bought a new position in shares of Seadrill in the third quarter valued at approximately $61,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Seadrill by 20.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock worth $87,000 after buying an additional 422 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.