Seadrill (NYSE:SDRL) Stock Rating Lowered by Zacks Research

Seadrill (NYSE:SDRL) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on SDRL. BTIG Research raised their price target on Seadrill from $33.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 9th. BWS Financial reaffirmed a “buy” rating and issued a $80.00 target price on shares of Seadrill in a research note on Friday, January 23rd. Dnb Carnegie raised shares of Seadrill to a “strong-buy” rating in a research note on Tuesday, November 4th. Barclays increased their price target on shares of Seadrill from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Finally, Weiss Ratings downgraded shares of Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $43.60.

Seadrill Stock Down 0.4%

SDRL opened at $42.48 on Monday. The firm has a market capitalization of $2.65 billion, a P/E ratio of 92.35 and a beta of 1.54. Seadrill has a one year low of $17.74 and a one year high of $43.30. The company has a fifty day moving average price of $36.02 and a 200-day moving average price of $32.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.89 and a quick ratio of 1.89.

Hedge Funds Weigh In On Seadrill

A number of large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in Seadrill during the second quarter valued at about $27,000. Aquatic Capital Management LLC purchased a new position in shares of Seadrill in the third quarter worth about $44,000. EverSource Wealth Advisors LLC bought a new stake in shares of Seadrill in the 2nd quarter valued at about $42,000. CIBC Private Wealth Group LLC purchased a new stake in Seadrill during the 3rd quarter valued at about $61,000. Finally, Farther Finance Advisors LLC grew its position in Seadrill by 19.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 343 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.