Seadrill (NYSE:SDRL) Given “Buy” Rating at BWS Financial

BWS Financial restated their buy rating on shares of Seadrill (NYSE:SDRL) in a report issued on Tuesday morning,Benzinga reports. They currently have a $80.00 price target on the oil and gas company’s stock.

Several other analysts have also recently commented on the company. BTIG Research set a $28.00 target price on Seadrill in a report on Monday, May 5th. Citigroup reduced their target price on Seadrill from $46.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $55.20.

Seadrill Stock Performance

NYSE:SDRL opened at $24.76 on Tuesday. The stock has a market cap of $1.54 billion, a P/E ratio of 4.31 and a beta of 1.48. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average is $22.54 and its 200-day moving average is $31.68. Seadrill has a 1-year low of $17.74 and a 1-year high of $56.46.

Seadrill (NYSE:SDRL) last released its quarterly earnings results on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.48). Seadrill had a return on equity of 7.24% and a net margin of 27.79%. The firm had revenue of $335.00 million for the quarter, compared to the consensus estimate of $325.69 million. Equities research analysts anticipate that Seadrill will post 1.86 earnings per share for the current year.

Hedge Funds Weigh In On Seadrill

A number of institutional investors and hedge funds have recently modified their holdings of SDRL. BNP Paribas Financial Markets bought a new position in shares of Seadrill during the 4th quarter worth approximately $66,400,000. Third Point LLC bought a new position in shares of Seadrill during the 4th quarter worth approximately $39,903,000. Norges Bank bought a new position in shares of Seadrill during the 4th quarter worth approximately $33,104,000. Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Seadrill by 151.9% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,200,201 shares of the oil and gas company’s stock worth $30,149,000 after buying an additional 723,827 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Seadrill by 100.9% during the 4th quarter. Millennium Management LLC now owns 1,320,640 shares of the oil and gas company’s stock worth $51,413,000 after buying an additional 663,362 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Seadrill Company Profile

Seadrill Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through the following segments: Floaters, Jack-up rigs, and Other. The Floaters segment encompasses drilling, completion, and maintenance of offshore exploration and production wells. the Jack-up Rigs segment includes drilling contracts relate to jack-up rigs for operations in harsh and benign environments in shallow water.