Seadrill Limited (NYSE:SDRL) Stock Has Consensus Target Price of $59.40 According to Analysts

Seadrill Limited (NYSE:SDRL) has earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $59.40.

A number of analysts recently commented on SDRL shares. Citigroup reaffirmed a “neutral” rating on shares of Seadrill in a research note on Monday, September 7th. BWS Financial reissued a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a research report on Wednesday, October 14th. Zacks Research lowered shares of Seadrill from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 14th. Weiss Ratings upgraded Seadrill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Finally, Capital One Financial set a $55.00 price target on shares of Seadrill and gave the stock an “overweight” rating in a research note on Wednesday, July 1st.

Hedge Funds Weigh In On Seadrill

Large investors have recently modified their holdings of the stock. Swiss National Bank increased its stake in shares of Seadrill by 0.5% in the first quarter. Swiss National Bank now owns 117,200 shares of the oil and gas company’s stock valued at $5,333,000 after buying an additional 600 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Seadrill by 38.2% during the third quarter. GAMMA Investing LLC now owns 2,523 shares of the oil and gas company’s stock worth $113,000 after buying an additional 698 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Seadrill by 5.7% during the second quarter. Arizona State Retirement System now owns 17,232 shares of the oil and gas company’s stock worth $652,000 after purchasing an additional 926 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in Seadrill by 16.0% during the 3rd quarter. Contravisory Investment Management Inc. now owns 7,985 shares of the oil and gas company’s stock worth $357,000 after buying an additional 1,103 shares during the period. Finally, State of Wyoming acquired a new position in shares of Seadrill in the 2nd quarter valued at approximately $55,000. Institutional investors own 95.67% of the company’s stock.

Seadrill Stock Up 6.4%

Seadrill stock opened at $52.32 on Friday. Seadrill has a fifty-two week low of $28.10 and a fifty-two week high of $55.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50. The company has a market capitalization of $3.27 billion, a P/E ratio of 1,744.10 and a beta of 1.25. The stock has a 50-day simple moving average of $47.34 and a 200-day simple moving average of $45.93.

Seadrill (NYSE:SDRL) last posted its quarterly earnings data on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.18. Seadrill had a net margin of 0.07% and a return on equity of 0.64%. The company had revenue of $430.00 million for the quarter, compared to analyst estimates of $388.46 million. Equities research analysts expect that Seadrill will post 0.63 earnings per share for the current year.

About Seadrill

Seadrill Limited (NYSE: SDRL) is an offshore drilling contractor that provides drilling services to oil and gas companies. The company operates a fleet of mobile offshore drilling units, including ultra-deepwater drillships and semisubmersible rigs, which are used to explore for and develop hydrocarbon resources beneath the seabed.

Seadrill’s services include contract drilling, rig operations, well construction support and related offshore services. Its modern, high-specification fleet is designed to work in challenging deepwater and harsh-environment locations.