Seadrill (NYSE:SDRL) Upgraded by Wall Street Zen to “Hold” Rating

Seadrill (NYSE:SDRL) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities analysts have also recently issued reports on the stock. BTIG Research raised their target price on shares of Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Citigroup upgraded shares of Seadrill from a “sell” rating to a “neutral” rating and increased their target price for the company from $32.00 to $46.00 in a research report on Thursday. BWS Financial reissued a “buy” rating and set a $80.00 target price on shares of Seadrill in a research note on Friday, January 23rd. Barclays boosted their price target on shares of Seadrill from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings cut shares of Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $48.00.

Seadrill Trading Down 3.9%

NYSE:SDRL opened at $42.00 on Friday. The firm has a market capitalization of $2.62 billion, a PE ratio of -33.87 and a beta of 1.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.03 and a quick ratio of 1.89. Seadrill has a 12 month low of $17.74 and a 12 month high of $45.90. The business’s 50-day moving average is $39.06 and its two-hundred day moving average is $33.97.

Seadrill (NYSE:SDRL) last released its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. Seadrill had a negative net margin of 5.36% and a negative return on equity of 2.07%. The firm had revenue of $362.00 million for the quarter, compared to the consensus estimate of $335.36 million. Research analysts predict that Seadrill will post 1.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Seadrill

Several institutional investors and hedge funds have recently added to or reduced their stakes in SDRL. Raymond James Financial Inc. acquired a new stake in Seadrill during the 2nd quarter valued at $27,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Seadrill in the second quarter worth $42,000. Aquatic Capital Management LLC purchased a new position in shares of Seadrill during the third quarter valued at $44,000. CIBC Private Wealth Group LLC purchased a new position in shares of Seadrill during the third quarter valued at $61,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Seadrill by 19.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 343 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Seadrill Company Profile

Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.