Seadrill Limited (NYSE:SDRL) Given Consensus Recommendation of “Hold” by Analysts

Seadrill Limited (NYSE:SDRL) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $48.00.

SDRL has been the subject of several recent research reports. BWS Financial reissued a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a report on Friday, January 23rd. BTIG Research upped their price objective on shares of Seadrill from $33.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 9th. Barclays increased their target price on shares of Seadrill from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Citigroup upgraded shares of 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 research note on Thursday, March 5th. Finally, Zacks Research lowered shares of Seadrill from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th.

Seadrill Price Performance

Seadrill stock opened at $44.91 on Tuesday. The business’s 50 day simple moving average is $42.09 and its 200 day simple moving average is $35.41. Seadrill has a 12 month low of $17.74 and a 12 month high of $46.55. The company has a market cap of $2.80 billion, a price-to-earnings ratio of -36.22 and a beta of 1.45. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.21.

Seadrill (NYSE:SDRL) last issued its earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%.The firm had revenue of $362.00 million for the quarter, compared to analyst estimates of $335.36 million. Sell-side analysts forecast that Seadrill will post 1.86 EPS for the current year.

Institutional Investors Weigh In On Seadrill

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Seadrill in the second quarter worth $27,000. Aquatic Capital Management LLC bought a new stake in shares of Seadrill during the 3rd quarter valued at $44,000. EverSource Wealth Advisors LLC bought a new stake in shares of Seadrill during the 2nd quarter valued at $42,000. CIBC Private Wealth Group LLC purchased a new stake in Seadrill during the 3rd quarter worth about $61,000. Finally, Farther Finance Advisors LLC lifted 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 worth $63,000 after purchasing an additional 343 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.