Seadrill Ltd Downgraded by Carnegie to Sell (SDRL)
Seadrill Ltd (NASDAQ:SDRL) was downgraded by Carnegie from a “hold” rating to a “sell” rating in a research note issued on Tuesday, AmericanBankingNews.com reports.
Shares of Seadrill Ltd (NASDAQ:SDRL) traded down 0.74% during mid-day trading on Tuesday, hitting $45.205. 1,034,203 shares of the company’s stock traded hands. Seadrill Ltd has a 52-week low of $34.57 and a 52-week high of $48.09. The stock has a 50-day moving average of $45.84 and a 200-day moving average of $41.46. The company has a market cap of $21.205 billion and a price-to-earnings ratio of 9.56.
Seadrill Ltd (NASDAQ:SDRL) last announced its earnings results on Wednesday, August 28th. The company reported $3.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $2.92. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis.
A number of other firms have also recently commented on SDRL. Analysts at DNB Markets downgraded shares of Seadrill Ltd from a “buy” rating to a “hold” rating in a research note to investors on Friday. Separately, analysts at Global Hunter Securities initiated coverage on shares of Seadrill Ltd in a research note to investors on Thursday, October 3rd. They set a “buy” rating and a $50.00 price target on the stock. Finally, analysts at Global Hunter Securities initiated coverage on shares of Seadrill Ltd in a research note to investors on Monday, September 16th. They set a “buy” rating and a $35.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $45.67.
Seadrill Limited (NASDAQ:SDRL) an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.
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