Seadrill (NYSE:SDRL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Seadrill (NYSE:SDRL) from a sell rating to a hold rating in a research report released on Saturday.

Other equities research analysts have also issued research reports about the company. Barclays upped their target price on Seadrill from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Citigroup upgraded Seadrill from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $32.00 to $46.00 in a report on Thursday, March 5th. Weiss Ratings cut Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 6th. Zacks Research downgraded shares of Seadrill from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Finally, BTIG Research lifted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Seadrill currently has a consensus rating of “Hold” and an average price target of $48.00.

Seadrill Price Performance

Shares of NYSE SDRL opened at $43.34 on Friday. The company has a market capitalization of $2.71 billion, a PE ratio of -34.95 and a beta of 1.45. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.21. Seadrill has a twelve month low of $17.74 and a twelve month high of $45.90. The firm has a fifty day simple moving average of $39.26 and a 200 day simple moving average of $34.14.

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, beating analysts’ consensus estimates of $0.07 by $0.05. Seadrill had a negative net margin of 5.36% and a negative return on equity of 2.07%. The business had revenue of $362.00 million for the quarter, compared to analysts’ expectations of $335.36 million. On average, sell-side analysts forecast that Seadrill will post 1.86 EPS for the current year.

Hedge Funds Weigh In On Seadrill

Several large investors have recently added to or reduced their stakes in SDRL. Teacher Retirement System of Texas bought a new stake in Seadrill during the 2nd quarter worth approximately $235,000. First Eagle Investment Management LLC raised its position in Seadrill by 132.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 80,613 shares of the oil and gas company’s stock valued at $2,116,000 after buying an additional 46,000 shares during the last quarter. Monaco Asset Management SAM lifted its stake in Seadrill by 7.5% during the 2nd quarter. Monaco Asset Management SAM now owns 215,000 shares of the oil and gas company’s stock valued at $5,644,000 after acquiring an additional 15,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 worth $37,256,000 after acquiring an additional 617,521 shares during the last quarter. Finally, Creative Planning grew its stake in shares of Seadrill by 302.9% in the 2nd quarter. Creative Planning now owns 114,482 shares of the oil and gas company’s stock worth $3,005,000 after acquiring an additional 86,069 shares in 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.