ValuEngine cut shares of Seadrill Limited (NYSE:SDRL) from a buy rating to a hold rating in a report published on Monday.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Seadrill Limited from a buy rating to a hold rating in a research note on Tuesday, August 1st. BidaskClub raised shares of Seadrill Limited from a sell rating to a hold rating in a research note on Thursday, July 27th.

Seadrill Limited (NYSE:SDRL) opened at $0.32 on Monday. The firm has a market cap of $163.94, a PE ratio of 0.56 and a beta of 2.94. Seadrill Limited has a 12 month low of $0.15 and a 12 month high of $4.59. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.56.

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A hedge fund recently raised its stake in Seadrill Limited stock. Jane Street Group LLC grew its holdings in Seadrill Limited (NYSE:SDRL) by 47.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 665,645 shares of the oil and gas company’s stock after purchasing an additional 214,660 shares during the quarter. Jane Street Group LLC owned about 0.13% of Seadrill Limited worth $233,000 as of its most recent SEC filing. 17.33% of the stock is owned by institutional investors.

About Seadrill Limited

Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.

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