Seadrill Limited (NYSE:SDRL) Receives Consensus Recommendation of “Hold” from Analysts

Seadrill Limited (NYSE:SDRL) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $43.40.

SDRL has been the subject of several recent research reports. Weiss Ratings lowered shares of Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 6th. BWS Financial reissued a “buy” rating and issued a $80.00 price target on shares of Seadrill in a research report on Wednesday, December 17th. Barclays dropped their price target on shares of Seadrill from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Dnb Carnegie upgraded Seadrill to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Citigroup lowered Seadrill from a “neutral” rating to a “sell” rating and decreased their target price for the company from $35.00 to $32.00 in a report on Monday.

Seadrill Trading Down 0.2%

Shares of NYSE SDRL opened at $35.21 on Thursday. 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 stock has a market capitalization of $2.20 billion, a PE ratio of 76.55 and a beta of 1.54. Seadrill has a twelve month low of $17.74 and a twelve month high of $39.04. The stock has a fifty day simple moving average of $32.01 and a 200-day simple moving average of $31.05.

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

Institutional Trading of Seadrill

A number of large investors have recently made changes to their positions in the company. Fluent Financial LLC acquired a new stake in Seadrill in the fourth quarter valued at approximately $2,360,000. SG Americas Securities LLC increased its position in shares of Seadrill by 70.5% in the 4th quarter. SG Americas Securities LLC now owns 12,289 shares of the oil and gas company’s stock valued at $425,000 after purchasing an additional 5,083 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Seadrill in the 3rd quarter valued at approximately $61,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Seadrill in the 3rd quarter valued at $202,000. Finally, Sig Brokerage LP lifted its position in shares of Seadrill by 44.5% during the 3rd quarter. Sig Brokerage LP now owns 29,414 shares of the oil and gas company’s stock worth $889,000 after purchasing an additional 9,056 shares during the last quarter. 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.