28,888 Shares in Seadrill Limited $SDRL Bought by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Seadrill Limited (NYSE:SDRL) during the 4th quarter, Holdings Channel reports. The institutional investor bought 28,888 shares of the oil and gas company’s stock, valued at approximately $1,000,000.

Other large investors have also made changes to their positions in the company. Monaco Asset Management SAM raised its position in shares of Seadrill by 23.7% in the 3rd quarter. Monaco Asset Management SAM now owns 266,047 shares of the oil and gas company’s stock worth $8,037,000 after buying an additional 51,047 shares during the period. American Century Companies Inc. raised its position in shares of Seadrill by 64.4% in the 3rd quarter. American Century Companies Inc. now owns 884,430 shares of the oil and gas company’s stock worth $26,719,000 after buying an additional 346,409 shares during the period. DNB Asset Management AS raised its position in shares of Seadrill by 37.3% in the 3rd quarter. DNB Asset Management AS now owns 815,644 shares of the oil and gas company’s stock worth $24,641,000 after buying an additional 221,388 shares during the period. Quantbot Technologies LP purchased a new position in shares of Seadrill in the 3rd quarter worth $758,000. Finally, Fluent Financial LLC purchased a new position in shares of Seadrill in the 4th quarter worth $2,360,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Seadrill Trading Up 0.0%

NYSE:SDRL opened at $44.40 on Friday. The business’s 50-day moving average is $48.18 and its two-hundred day moving average is $41.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94. Seadrill Limited has a 12 month low of $25.48 and a 12 month high of $55.47. The firm has a market capitalization of $2.78 billion, a PE ratio of -39.64 and a beta of 1.19.

Seadrill (NYSE:SDRL) last released its quarterly earnings data 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). 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 analysts’ expectations of $326.75 million. Research analysts predict that Seadrill Limited will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SDRL. BTIG Research increased their target price on Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Barclays raised Seadrill from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $41.00 to $59.00 in a research report on Thursday, May 7th. Citigroup increased their target price on Seadrill from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Wall Street Zen raised Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, BWS Financial reissued a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Seadrill presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

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.