Seadrill Limited (NYSE:SDRL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Seadrill Limited (NYSE:SDRL) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $55.00.

A number of brokerages have recently issued reports on SDRL. Wall Street Zen raised Seadrill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Barclays raised Seadrill from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $41.00 to $59.00 in a research note on Thursday, May 7th. BTIG Research raised their price objective on Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Zacks Research raised Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, BWS Financial reaffirmed a “buy” rating and set a $80.00 price objective on shares of Seadrill in a research note on Tuesday, April 7th.

Seadrill Stock Up 0.0%

SDRL opened at $44.40 on Friday. The stock has a market cap of $2.78 billion, a PE ratio of -39.64 and a beta of 1.19. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22. Seadrill has a 52 week low of $25.48 and a 52 week high of $55.47. The business’s fifty day simple moving average is $48.18 and its 200 day simple moving average is $41.60.

Seadrill (NYSE:SDRL) last announced its quarterly earnings data on Monday, May 11th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). Seadrill had a negative net margin of 4.79% and a negative return on equity of 1.84%. The company had revenue of $358.00 million for the quarter, compared to the consensus estimate of $326.75 million. As a group, research analysts expect that Seadrill will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of Seadrill

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Seadrill during the second quarter worth about $27,000. Aquatic Capital Management LLC purchased a new stake in shares of Seadrill during the third quarter worth about $44,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Seadrill during the second quarter worth about $42,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Seadrill during the third quarter worth about $61,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Seadrill by 20.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 422 shares during the period. 95.67% of the stock is currently owned by hedge funds and other 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.