Seadrill Limited (NYSE:SDRL) Receives Consensus Rating of “Buy” from Analysts

Seadrill Limited (NYSE:SDRL) has been assigned a consensus recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $59.40.

SDRL has been the subject of several research analyst reports. BWS Financial reissued a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a research report on Tuesday, August 11th. Capital One Financial set a $55.00 target price on Seadrill and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Zacks Research upgraded Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Seadrill in a research note on Tuesday, June 30th. Finally, Citigroup reiterated a “neutral” rating on shares of Seadrill in a report on Monday, September 7th.

Seadrill Trading Down 1.9%

SDRL opened at $45.62 on Tuesday. Seadrill has a twelve month low of $28.10 and a twelve month high of $55.47. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $46.32 and a 200-day moving average of $45.60. The stock has a market cap of $2.85 billion, a PE ratio of 1,520.53 and a beta of 1.22.

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

Institutional Trading of Seadrill

Several large investors have recently modified their holdings of SDRL. Engineers Gate Manager LP boosted its stake in Seadrill by 7.2% during the second quarter. Engineers Gate Manager LP now owns 23,772 shares of the oil and gas company’s stock worth $899,000 after acquiring an additional 1,592 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Seadrill in the second quarter valued at $92,000. Squarepoint Ops LLC increased its stake in Seadrill by 8.4% in the second quarter. Squarepoint Ops LLC now owns 382,188 shares of the oil and gas company’s stock valued at $14,454,000 after purchasing an additional 29,588 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Seadrill by 5.7% during the second quarter. Arizona State Retirement System now owns 17,232 shares of the oil and gas company’s stock valued at $652,000 after purchasing an additional 926 shares during the period. Finally, BTG Pactual Asset Management US LLC acquired a new position in shares of Seadrill during the second quarter valued at about $2,135,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

About Seadrill

Seadrill Limited is an offshore drilling contractor that provides drilling services to international oil and gas companies. The company operates and manages offshore drilling units, including drillships and semisubmersible rigs, for exploration, development and production projects in deepwater and harsh-environment locations.

Its services include contract drilling, rig operations, well construction support and related offshore services. Seadrill’s activities have historically covered major offshore energy regions such as the North Sea, the Gulf of Mexico, Brazil and other markets in the Atlantic and international offshore basins.

Founded in 2005 and headquartered in Hamilton, Bermuda, Seadrill has expanded through fleet investments and industry transactions.