Seadrill (NYSE:SDRL) gapped down before the market opened on Thursday . The stock had previously closed at $0.39, but opened at $0.37. Seadrill shares last traded at $0.36, with a volume of 30622412 shares traded.
Separately, ValuEngine raised shares of Seadrill from a “strong sell” rating to a “sell” rating in a report on Monday, April 2nd.
The firm has a market capitalization of $180.34, a price-to-earnings ratio of 0.22 and a beta of 2.90.
A hedge fund recently raised its stake in Seadrill stock. Jane Street Group LLC boosted its holdings in shares of Seadrill (NYSE:SDRL) by 47.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 665,645 shares of the oil and gas company’s stock after acquiring an additional 214,660 shares during the quarter. Jane Street Group LLC owned 0.13% of Seadrill worth $233,000 at the end of the most recent quarter. 12.35% of the stock is owned by institutional investors.
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Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through three segments: Floaters, Jack-up Rigs, and Other. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells.
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