Seadrill Limited (NYSE:SDRL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Seadrill Limited (NYSE:SDRL) has been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $55.00.

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. BTIG Research upped their price target on shares of Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Zacks Research upgraded shares of Seadrill from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $41.00 to $59.00 in a research report on Thursday, May 7th. Finally, Citigroup upped their price target on shares of Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th.

Institutional Investors Weigh In On Seadrill

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SDRL. Raymond James Financial Inc. purchased a new stake in Seadrill in the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC purchased a new stake in Seadrill in the 2nd quarter worth approximately $42,000. Aquatic Capital Management LLC purchased a new stake in Seadrill in the 3rd quarter worth approximately $44,000. CIBC Private Wealth Group LLC purchased a new stake in Seadrill in the 3rd quarter worth approximately $61,000. Finally, State of Alaska Department of Revenue purchased a new stake in Seadrill in the 3rd quarter worth approximately $68,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Seadrill Stock Down 1.0%

Shares of NYSE:SDRL opened at $54.27 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market cap of $3.39 billion, a PE ratio of -48.45 and a beta of 1.25. Seadrill has a 52 week low of $22.30 and a 52 week high of $55.20. The firm has a 50 day simple moving average of $47.01 and a 200 day simple moving average of $39.51.

Seadrill (NYSE:SDRL) last issued its quarterly earnings results on Monday, May 11th. The oil and gas company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The firm had revenue of $358.00 million during the quarter, compared to analysts’ expectations of $326.75 million. Seadrill had a negative net margin of 4.79% and a negative return on equity of 1.84%. As a group, research analysts expect that Seadrill will post 0.04 earnings per share for the current year.

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.