Seadrill’s (SDRL) “Buy” Rating Reaffirmed at BWS Financial

Seadrill (NYSE:SDRL)‘s stock had its “buy” rating reissued by equities researchers at BWS Financial in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $80.00 target price on the oil and gas company’s stock. BWS Financial’s price target would indicate a potential upside of 71.31% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Capital One Financial set a $55.00 price objective on Seadrill and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Zacks Research raised Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th. Citigroup reaffirmed a “neutral” rating on shares of Seadrill in a research note on Monday, September 7th. Finally, Weiss Ratings raised Seadrill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Four investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $59.40.

Seadrill Stock Down 4.7%

Shares of NYSE:SDRL traded down $2.30 on Wednesday, reaching $46.70. The company had a trading volume of 540,335 shares, compared to its average volume of 776,702. Seadrill has a twelve month low of $28.10 and a twelve month high of $55.47. The stock has a 50-day moving average price of $46.86 and a 200 day moving average price of $45.77. The stock has a market capitalization of $2.92 billion, a P/E ratio of 1,559.43 and a beta of 1.25. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26.

Seadrill (NYSE:SDRL) last posted its quarterly earnings data on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.18. The business had revenue of $430.00 million for the quarter, compared to analyst estimates of $388.46 million. Seadrill had a return on equity of 0.64% and a net margin of 0.07%. On average, equities analysts expect that Seadrill will post 0.89 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Contravisory Investment Management Inc. boosted its position in shares of Seadrill by 16.0% in the 3rd quarter. Contravisory Investment Management Inc. now owns 7,985 shares of the oil and gas company’s stock worth $357,000 after purchasing an additional 1,103 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Seadrill by 38.2% in the 3rd quarter. GAMMA Investing LLC now owns 2,523 shares of the oil and gas company’s stock worth $113,000 after purchasing an additional 698 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Seadrill by 137.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 17,519 shares of the oil and gas company’s stock worth $783,000 after purchasing an additional 10,129 shares during the last quarter. Engineers Gate Manager LP boosted its position in shares of Seadrill by 7.2% in the 2nd quarter. Engineers Gate Manager LP now owns 23,772 shares of the oil and gas company’s stock worth $899,000 after purchasing an additional 1,592 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Seadrill in the 2nd quarter worth $92,000. 95.67% of the stock is currently owned by institutional investors.

Seadrill Company Profile

Seadrill Limited is an offshore drilling contractor that provides drilling services to oil and gas companies worldwide. The company operates and manages offshore drilling units, including drillships and semisubmersible rigs, used to explore for and develop oil and natural gas resources in deepwater and other challenging marine environments.

Its services include contract drilling, rig operations, well construction support and related offshore services. Seadrill’s fleet is designed to serve a range of offshore projects, with operations and contract activity spanning major energy-producing regions such as the Gulf of Mexico, Brazil, the North Sea, West Africa and other international markets.

Seadrill was founded in 2005 and has expanded through fleet development, acquisitions and strategic transactions.