Seadrill (NYSE:SDRL) Hits New 12-Month High – Here’s What Happened

Seadrill Limited (NYSE:SDRL) reached a new 52-week high on Thursday . The company traded as high as $43.19 and last traded at $42.9820, with a volume of 1306311 shares trading hands. The stock had previously closed at $40.20.

Analyst Ratings Changes

SDRL has been the topic of a number of recent research reports. Weiss Ratings downgraded Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 6th. Citigroup cut Seadrill from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $35.00 to $32.00 in a report on Monday, January 12th. BTIG Research increased their price objective on Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Barclays lifted their price objective on Seadrill from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Finally, Dnb Carnegie raised shares of Seadrill to a “strong-buy” rating in a report on Tuesday, November 4th. One equities 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.60.

Seadrill Price Performance

The stock has a fifty day moving average of $35.22 and a 200-day moving average of $32.32. The firm has a market capitalization of $2.68 billion, a P/E ratio of 93.44 and a beta of 1.54. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.21.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Seadrill by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 3,807,933 shares of the oil and gas company’s stock valued at $131,754,000 after buying an additional 23,672 shares during the last quarter. Schf GPE LLC acquired a new position in shares of Seadrill during the second quarter valued at $60,132,000. Patient Capital Management LLC lifted its stake in shares of Seadrill by 13.0% during the second quarter. Patient Capital Management LLC now owns 2,229,549 shares of the oil and gas company’s stock valued at $58,526,000 after acquiring an additional 256,836 shares during the period. Goehring & Rozencwajg Associates LLC boosted its holdings in Seadrill by 0.7% in the third quarter. Goehring & Rozencwajg Associates LLC now owns 1,695,114 shares of the oil and gas company’s stock valued at $51,209,000 after acquiring an additional 11,113 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Seadrill by 0.8% in the third quarter. BNP Paribas Financial Markets now owns 1,681,094 shares of the oil and gas company’s stock worth $50,786,000 after purchasing an additional 13,481 shares during the period. 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.