Seadrill Limited (NYSE:SDRL)’s share price was down 5.6% during trading on Wednesday . The stock traded as low as $0.30 and last traded at $0.34. Approximately 8,962,200 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 10,964,607 shares. The stock had previously closed at $0.36.

Several equities analysts have recently commented on SDRL shares. ValuEngine downgraded shares of Seadrill Limited from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub raised shares of Seadrill Limited from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of Seadrill Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.

The stock has a market capitalization of $172.99, a P/E ratio of 0.61 and a beta of 2.94. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56.

An institutional investor recently raised its position in Seadrill Limited stock. Jane Street Group LLC boosted its holdings in shares of Seadrill Limited (NYSE:SDRL) by 47.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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. 20.85% of the stock is owned by hedge funds and other institutional investors.

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Seadrill Limited Company Profile

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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