Seadrill Limited (NYSE:SDRL) Given Average Recommendation of “Hold” by Brokerages

Shares of Seadrill Limited (NYSE:SDRL) have received an average recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $43.60.

Several equities research analysts recently commented on SDRL shares. Weiss Ratings cut shares of Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 6th. Zacks Research raised Seadrill from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. BTIG Research upped their price objective on Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Dnb Carnegie raised Seadrill to a “strong-buy” rating in a research report on Tuesday, November 4th. Finally, BWS Financial restated a “buy” rating and issued a $80.00 target price on shares of Seadrill in a research note on Friday, January 23rd.

Seadrill Stock Performance

Shares of SDRL opened at $39.92 on Monday. The firm has a market cap of $2.49 billion, a P/E ratio of 86.78 and a beta of 1.53. Seadrill has a twelve month low of $17.74 and a twelve month high of $40.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.89 and a current ratio of 1.89. The firm’s 50 day moving average price is $34.63 and its two-hundred day moving average price is $32.10.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Seadrill in the 2nd quarter valued at $27,000. EverSource Wealth Advisors LLC bought a new position in shares of Seadrill in the 2nd quarter valued at about $42,000. Aquatic Capital Management LLC bought a new position in shares of Seadrill in the 3rd quarter valued at about $44,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Seadrill in the third quarter valued at about $61,000. Finally, Farther Finance Advisors LLC raised its holdings in Seadrill by 19.7% during the third quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 343 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

About Seadrill

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.