Seadrill (NYSE:SDRL) Hits New 52-Week High – Should You Buy?

Seadrill Limited (NYSE:SDRL) shares reached a new 52-week high on Thursday . The stock traded as high as $46.20 and last traded at $45.6660, with a volume of 215101 shares traded. The stock had previously closed at $44.97.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SDRL shares. BWS Financial reaffirmed a “buy” rating and issued a $80.00 target price on shares of Seadrill in a report on Friday, January 23rd. BTIG Research upped their price target on Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Zacks Research cut Seadrill from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Barclays boosted their price objective on Seadrill from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Finally, Citigroup raised shares of Seadrill from a “sell” rating to a “neutral” rating and increased their target price for the stock from $32.00 to $46.00 in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Seadrill has an average rating of “Hold” and an average price target of $48.00.

Seadrill Price Performance

The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $41.47 and a 200-day simple moving average of $35.13. The firm has a market cap of $2.83 billion, a PE ratio of -36.63 and a beta of 1.45.

Seadrill (NYSE:SDRL) last announced its quarterly earnings data on Wednesday, February 25th. The oil and gas company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The business had revenue of $362.00 million for the quarter, compared to the consensus estimate of $335.36 million. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%. Equities analysts anticipate that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SDRL. Farther Finance Advisors LLC grew its holdings 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 valued at $63,000 after buying an additional 343 shares in the last quarter. Amica Retiree Medical Trust boosted its position in shares of Seadrill by 13.7% during the third quarter. Amica Retiree Medical Trust now owns 2,942 shares of the oil and gas company’s stock worth $89,000 after acquiring an additional 355 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Seadrill by 11.7% during the third quarter. PNC Financial Services Group Inc. now owns 4,615 shares of the oil and gas company’s stock worth $139,000 after acquiring an additional 484 shares during the last quarter. Osaic Holdings Inc. grew its stake in Seadrill by 18.8% during the second quarter. Osaic Holdings Inc. now owns 3,521 shares of the oil and gas company’s stock valued at $92,000 after acquiring an additional 558 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Seadrill by 1.0% in the 3rd quarter. Alliancebernstein L.P. now owns 72,020 shares of the oil and gas company’s stock valued at $2,176,000 after acquiring an additional 700 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

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.