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Seadrill Ltd (NASDAQ:SDRL) was downgraded by analysts at Nordea Equity Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Analyst Ratings reports.

A number of other firms have also recently commented on SDRL. Analysts at Pareto Securities upgraded shares of Seadrill Ltd from a “hold” rating to a “buy” rating in a research note to investors on Friday, December 6th. Separately, analysts at Cowen and Company cut their price target on shares of Seadrill Ltd from $43.00 to $41.00 in a research note to investors on Wednesday, November 27th. They now have a “market perform” rating on the stock. Finally, analysts at Societe Generale downgraded shares of Seadrill Ltd from a “hold” rating to a “sell” rating in a research note to investors on Monday, October 28th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $45.33.

Seadrill Ltd (NASDAQ:SDRL) opened at 40.26 on Thursday. Seadrill Ltd has a 1-year low of $34.57 and a 1-year high of $48.09. The stock’s 50-day moving average is $40.31 and its 200-day moving average is $43.8. The company has a market cap of $18.886 billion and a price-to-earnings ratio of 8.13.

Seadrill Ltd (NASDAQ:SDRL) last announced its earnings results on Monday, November 25th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.08. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $0.40 earnings per share. Seadrill Ltd’s revenue was up 17.2% compared to the same quarter last year. On average, analysts predict that Seadrill Ltd will post $2.85 earnings per share for the current fiscal year.

Seadrill Limited (NASDAQ:SDRL) an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.

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