Seadrill’s (SDRL) Buy Rating Reiterated at BWS Financial

Seadrill (NYSE:SDRL)‘s stock had its “buy” rating restated by equities research analysts at BWS Financial in a report issued on Tuesday,Benzinga reports. They currently have a $80.00 price objective on the oil and gas company’s stock. BWS Financial’s price objective suggests a potential upside of 64.71% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on SDRL. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Barclays increased their target price on shares of Seadrill from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Seadrill in a report on Thursday. Zacks Research lowered shares of Seadrill from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Finally, BTIG Research increased their target price on shares of Seadrill from $33.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 9th. 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 MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $48.00.

Seadrill Price Performance

Shares of SDRL stock traded up $1.37 during trading on Tuesday, hitting $48.57. The company had a trading volume of 579,516 shares, compared to its average volume of 916,216. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average is $42.88 and its two-hundred day moving average is $35.85. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of -39.17 and a beta of 1.31. Seadrill has a 52 week low of $17.74 and a 52 week high of $48.98.

Seadrill (NYSE:SDRL) last posted its quarterly earnings data on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. The company had revenue of $362.00 million for the quarter, compared to analysts’ expectations of $335.36 million. Seadrill had a negative net margin of 5.36% and a negative return on equity of 2.07%. As a group, analysts predict that Seadrill will post 1.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SDRL. Schf GPE LLC bought a new position in shares of Seadrill in the second quarter worth approximately $60,132,000. Elliott Investment Management L.P. grew its holdings in shares of Seadrill by 23.1% in the fourth quarter. Elliott Investment Management L.P. now owns 4,558,758 shares of the oil and gas company’s stock worth $157,733,000 after purchasing an additional 855,012 shares during the last quarter. Thomist Capital Management LP grew its holdings in shares of Seadrill by 44.6% in the fourth quarter. Thomist Capital Management LP now owns 1,835,718 shares of the oil and gas company’s stock worth $63,387,000 after purchasing an additional 566,419 shares during the last quarter. Packer & Co Ltd bought a new position in shares of Seadrill in the third quarter worth approximately $13,597,000. Finally, Barclays PLC grew its holdings in shares of Seadrill by 123.2% in the fourth quarter. Barclays PLC now owns 704,039 shares of the oil and gas company’s stock worth $24,360,000 after purchasing an additional 388,634 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

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.