Seadrill’s (SDRL) Buy Rating Reiterated at BWS Financial

Seadrill (NYSE:SDRL)‘s stock had its “buy” rating reissued by analysts at BWS Financial in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $80.00 price target on the oil and gas company’s stock. BWS Financial’s price target would suggest a potential upside of 64.71% from the stock’s current price.

Several other research firms also recently commented on SDRL. Citigroup raised shares of Seadrill from a “sell” rating to a “neutral” rating and upped their price objective for the company from $32.00 to $46.00 in a report on Thursday, March 5th. Barclays upped their price objective on shares of Seadrill from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Zacks Research downgraded shares of Seadrill from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. BTIG Research increased their price target on shares of Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Seadrill in a report on Thursday. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.00.

Seadrill Stock Performance

NYSE SDRL traded up $1.37 during trading on Tuesday, hitting $48.57. 579,516 shares of the company’s stock traded hands, compared to its average volume of 916,216. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of -39.17 and a beta of 1.31. Seadrill has a 12-month low of $17.74 and a 12-month high of $48.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.03 and a current ratio of 2.03. The business has a 50 day moving average of $42.88 and a 200-day moving average of $35.85.

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

Institutional Investors Weigh In On Seadrill

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Seadrill in the second quarter worth about $27,000. Aquatic Capital Management LLC bought a new position in shares of Seadrill in the third quarter worth approximately $44,000. EverSource Wealth Advisors LLC bought a new position in shares of Seadrill in the second quarter worth approximately $42,000. CIBC Private Wealth Group LLC bought a new position in shares of Seadrill in the third quarter worth approximately $61,000. Finally, Farther Finance Advisors LLC increased its position in shares of Seadrill by 19.7% in the third quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 343 shares during the last quarter. 95.67% of the stock is 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.