Seadrill Limited (NYSE:SDRL) Given Average Recommendation of “Hold” by Brokerages

Seadrill Limited (NYSE:SDRL) has earned an average rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $48.00.

SDRL has been the subject of a number of research reports. Weiss Ratings downgraded shares of Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 6th. Zacks Research cut Seadrill from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. BWS Financial reissued a “buy” rating and set a $80.00 price objective on shares of Seadrill in a report on Friday, January 23rd. Barclays upped their price objective on shares of Seadrill from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, BTIG Research raised their target price on shares of Seadrill from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 9th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schf GPE LLC bought a new position in Seadrill in the second quarter valued at $60,132,000. Elliott Investment Management L.P. increased its position in shares of Seadrill by 23.1% during the 4th quarter. Elliott Investment Management L.P. now owns 4,558,758 shares of the oil and gas company’s stock valued at $157,733,000 after purchasing an additional 855,012 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Seadrill by 77.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,419,059 shares of the oil and gas company’s stock valued at $37,256,000 after buying an additional 617,521 shares in the last quarter. Thomist Capital Management LP raised its holdings in shares of Seadrill by 44.6% during the 4th quarter. Thomist Capital Management LP now owns 1,835,718 shares of the oil and gas company’s stock valued at $63,387,000 after buying an additional 566,419 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Seadrill by 498.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 614,849 shares of the oil and gas company’s stock worth $16,140,000 after buying an additional 512,074 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Seadrill Stock Up 3.1%

Seadrill stock opened at $43.71 on Friday. The stock has a market cap of $2.73 billion, a PE ratio of -35.25 and a beta of 1.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.89 and a current ratio of 2.03. The firm’s 50-day simple moving average is $38.88 and its 200 day simple moving average is $33.88. Seadrill has a fifty-two week low of $17.74 and a fifty-two week high of $45.90.

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

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.