Seadrill Limited (NYSE:SDRL) Receives Average Recommendation of “Hold” from Brokerages

Shares of Seadrill Limited (NYSE:SDRL) have been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Two 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 1 year price target among brokerages that have covered the stock in the last year is $48.00.

A number of equities analysts have recently issued reports on SDRL shares. BWS Financial reissued a “buy” rating and set a $80.00 price objective on shares of Seadrill in a research report on Friday, January 23rd. Barclays increased their price target on Seadrill from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday. Zacks Research downgraded Seadrill from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. BTIG Research upped their target price on Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Finally, Weiss Ratings downgraded shares of Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 6th.

Seadrill Price Performance

Seadrill stock opened at $43.71 on Friday. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -35.25 and a beta of 1.45. Seadrill has a 52-week low of $17.74 and a 52-week high of $45.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.89 and a current ratio of 2.03. The stock’s 50 day moving average price is $38.88 and its two-hundred day moving average price is $33.88.

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

Institutional Investors Weigh In On Seadrill

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Seadrill during the 2nd quarter valued at about $27,000. Aquatic Capital Management LLC purchased a new position in shares of Seadrill during the third quarter valued at approximately $44,000. EverSource Wealth Advisors LLC purchased a new position in shares of Seadrill during the second quarter valued at approximately $42,000. CIBC Private Wealth Group LLC bought a new stake in Seadrill during the third quarter worth $61,000. Finally, Farther Finance Advisors LLC raised its position in Seadrill by 19.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 343 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.