Seadrill Limited (NYSE:SDRL) Receives $55.00 Average PT from Analysts

Seadrill Limited (NYSE:SDRL) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $55.00.

SDRL has been the subject of several research analyst reports. Citigroup upped their target price on shares of Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Seadrill in a report on Thursday, April 2nd. BWS Financial restated a “buy” rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday, April 7th. Wall Street Zen upgraded shares of Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Fearnley Fonds upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th.

Institutional Trading of Seadrill

Several institutional investors and hedge funds have recently bought and sold shares of SDRL. Raymond James Financial Inc. purchased a new stake in Seadrill in the 2nd quarter valued at $27,000. EverSource Wealth Advisors LLC purchased a new stake in Seadrill in the 2nd quarter valued at $42,000. Aquatic Capital Management LLC purchased a new stake in Seadrill in the 3rd quarter valued at $44,000. CIBC Private Wealth Group LLC purchased a new stake in Seadrill in the 3rd quarter valued at $61,000. Finally, Farther Finance Advisors LLC raised its position in Seadrill by 20.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Seadrill Trading Down 0.1%

Shares of Seadrill stock opened at $38.51 on Friday. The company has a fifty day simple moving average of $47.46 and a 200-day simple moving average of $41.94. Seadrill has a 12-month low of $25.48 and a 12-month high of $55.47. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -34.38 and a beta of 1.19.

Seadrill (NYSE:SDRL) last issued its earnings results on Monday, May 11th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). Seadrill had a negative net margin of 4.79% and a negative return on equity of 1.84%. The company had revenue of $358.00 million during the quarter, compared to analyst estimates of $326.75 million. On average, equities analysts forecast that Seadrill will post 0.04 EPS for the current fiscal 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.