De Lisle Partners LLP Invests $1.32 Million in Seadrill Limited $SDRL

De Lisle Partners LLP purchased a new stake in shares of Seadrill Limited (NYSE:SDRL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,000 shares of the oil and gas company’s stock, valued at approximately $1,325,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ieq Capital LLC bought a new position in Seadrill in the 2nd quarter worth approximately $640,000. Hara Capital LLC bought a new position in Seadrill in the 2nd quarter valued at $2,927,000. Tejara Capital Ltd bought a new position in Seadrill in the 2nd quarter valued at $2,897,000. Foresight Global Investors Inc. acquired a new stake in shares of Seadrill in the 2nd quarter valued at $3,574,000. Finally, Robotti Robert acquired a new stake in shares of Seadrill in the 2nd quarter valued at $5,038,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SDRL shares. BWS Financial reaffirmed a “buy” rating and set a $80.00 price target on shares of Seadrill in a research note on Tuesday, August 11th. Fearnley Fonds upgraded Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Seadrill in a report on Tuesday, June 30th. Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $41.00 to $59.00 in a research report on Thursday, May 7th. Finally, Capital One Financial set a $55.00 target price on shares of Seadrill and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Seadrill Price Performance

SDRL opened at $47.39 on Friday. The company has a fifty day moving average price of $42.37 and a two-hundred day moving average price of $44.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50. Seadrill Limited has a 52 week low of $28.10 and a 52 week high of $55.47. The firm has a market capitalization of $2.96 billion, a PE ratio of 1,579.67 and a beta of 1.21.

Seadrill (NYSE:SDRL) last issued its earnings results on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.29 by $0.18. The company had revenue of $430.00 million during the quarter, compared to analysts’ expectations of $388.46 million. Seadrill had a net margin of 0.07% and a return on equity of 0.64%. As a group, analysts anticipate that Seadrill Limited will post 0.37 earnings per share for the current year.

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.