BWS Financial Reaffirms “Buy” Rating for Seadrill (NYSE:SDRL)

Seadrill (NYSE:SDRL)‘s stock had its “buy” rating reissued by equities researchers at BWS Financial in a research report issued on Wednesday,Benzinga reports. They currently have a $80.00 price objective on the oil and gas company’s stock. BWS Financial’s price target indicates a potential upside of 162.04% from the company’s previous close.

SDRL has been the topic of several other reports. Dnb Carnegie upgraded Seadrill to a “strong-buy” rating in a research report on Tuesday, November 4th. Citigroup cut Seadrill from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $42.00 to $35.00 in a research note on Thursday, December 11th. Zacks Research lowered Seadrill from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. SEB Equity Research set a $33.00 price objective on shares of Seadrill in a report on Monday, September 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Seadrill in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.60.

Seadrill Stock Performance

NYSE:SDRL traded up $0.40 during mid-day trading on Wednesday, hitting $30.53. The stock had a trading volume of 1,104,636 shares, compared to its average volume of 940,983. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $30.77 and a 200-day simple moving average of $30.07. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 66.37 and a beta of 1.59. Seadrill has a 52 week low of $17.74 and a 52 week high of $39.99.

Seadrill (NYSE:SDRL) last announced its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.43). The firm had revenue of $363.00 million during the quarter, compared to analyst estimates of $343.56 million. Seadrill had a net margin of 2.49% and a return on equity of 0.10%. On average, research analysts expect that Seadrill will post 1.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in Seadrill in the 2nd quarter worth about $27,000. GAMMA Investing LLC grew its stake in Seadrill by 319.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,237 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 942 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Seadrill in the 3rd quarter valued at about $44,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Seadrill in the second quarter worth approximately $42,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Seadrill by 34.1% during the second quarter. Farther Finance Advisors LLC now owns 1,743 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 443 shares during the period. Institutional investors own 95.67% of the company’s stock.

Seadrill Company Profile

Seadrill Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through the following segments: Floaters, Jack-up rigs, and Other. The Floaters segment encompasses drilling, completion, and maintenance of offshore exploration and production wells. the Jack-up Rigs segment includes drilling contracts relate to jack-up rigs for operations in harsh and benign environments in shallow water.