Seadrill Limited (NYSE:SDRL) shares gapped down before the market opened on Monday . The stock had previously closed at $0.39, but opened at $0.37. Seadrill Limited shares last traded at $0.38, with a volume of 5881300 shares changing hands.

A number of research analysts have recently weighed in on SDRL shares. ValuEngine upgraded shares of Seadrill Limited from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of Seadrill Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub upgraded shares of Seadrill Limited from a “sell” rating to a “hold” rating in a report on Thursday, July 27th.

The stock has a market capitalization of $191.69, a price-to-earnings ratio of 0.66 and a beta of 2.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.50 and a current ratio of 0.50.

A hedge fund recently raised its stake in Seadrill Limited stock. Commerzbank Aktiengesellschaft FI increased its position in Seadrill Limited (NYSE:SDRL) by 174.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,087,195 shares of the oil and gas company’s stock after acquiring an additional 690,919 shares during the quarter. Commerzbank Aktiengesellschaft FI owned about 0.22% of Seadrill Limited worth $381,000 at the end of the most recent quarter. 20.85% of the stock is currently owned by institutional investors.

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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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