Seadrill (NYSE:SDRL) Price Target Raised to $33.00

Seadrill (NYSE:SDRL) had its price objective boosted by Barclays from $32.00 to $33.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the oil and gas company’s stock.

SDRL has been the topic of several other research reports. BWS Financial reaffirmed a “buy” rating and set a $80.00 target price on shares of Seadrill in a research note on Wednesday, December 17th. Dnb Carnegie raised shares of Seadrill to a “strong-buy” rating in a report on Tuesday, November 4th. Citigroup lowered shares of 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 research report on Monday, January 12th. Weiss Ratings cut shares of Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 6th. Finally, Zacks Research upgraded shares of Seadrill from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $43.60.

Seadrill Trading Down 1.4%

Seadrill stock opened at $34.71 on Thursday. Seadrill has a 52-week low of $17.74 and a 52-week high of $38.38. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 75.45 and a beta of 1.54. The firm has a 50-day moving average price of $32.26 and a two-hundred day moving average price of $31.17.

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%. Sell-side analysts expect that Seadrill will post 1.86 earnings per share for the current year.

Institutional Investors Weigh In On Seadrill

A number of institutional investors and hedge funds have recently bought and sold shares of SDRL. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Seadrill during the 2nd quarter worth $498,000. Legal & General Group Plc lifted its holdings in shares of Seadrill by 554.6% during the second quarter. Legal & General Group Plc now owns 69,010 shares of the oil and gas company’s stock valued at $1,812,000 after purchasing an additional 58,467 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Seadrill by 498.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 614,849 shares of the oil and gas company’s stock valued at $16,140,000 after purchasing an additional 512,074 shares during the period. Signaturefd LLC boosted its position in shares of Seadrill by 679.3% in the 2nd quarter. Signaturefd LLC now owns 1,886 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 1,644 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Seadrill by 34.1% in the 2nd 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 in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

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.