Seadrill Ltd (SDRL) to Release Earnings on Wednesday
Seadrill Ltd (NASDAQ:SDRL) is set to announce its earnings results on Wednesday, August 23rd. Analysts expect the company to announce earnings of ($0.07) per share for the quarter.
Seadrill (NASDAQ:SDRL) last released its quarterly earnings data on Wednesday, May 24th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.11. The company had revenue of $569 million for the quarter, compared to analysts’ expectations of $584.11 million. Seadrill had a net margin of 10.02% and a return on equity of 2.69%. On average, analysts expect Seadrill to post $-0.13 EPS for the current fiscal year and $-0.91 EPS for the next fiscal year.
Seadrill Ltd (NASDAQ SDRL) opened at 0.30 on Wednesday. Seadrill Ltd has a 52-week low of $0.28 and a 52-week high of $4.59. The company’s market cap is $151.33 million. The stock’s 50 day moving average is $0.37 and its 200-day moving average is $0.89.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Seadrill from a “hold” rating to a “buy” rating and set a $0.50 price objective on the stock in a research note on Tuesday, July 4th. Societe Generale downgraded shares of Seadrill from a “hold” rating to a “sell” rating in a research note on Wednesday, May 31st. Five research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has an average rating of “Sell” and an average target price of $2.75.
Seadrill 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.
Receive News & Ratings for Seadrill Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seadrill Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.