Seadrill Target of Unusually High Options Trading (SDRL)
Seadrill (NASDAQ:SDRL) was the target of unusually large options trading activity on Monday. Investors bought 95,946 call options on the stock, AnalystRatings.NET reports. This represents an increase of approximately 1,243% compared to the average daily volume of 7,145 call options.
SDRL has been the subject of a number of recent research reports. Analysts at Nordea Equity Research downgraded shares of Seadrill from a “hold” rating to a “sell” rating in a research note on Friday, May 30th. Separately, analysts at Howard Weil cut their price target on shares of Seadrill from $50.00 to $44.00 in a research note on Thursday, May 29th. They now have a “sector perform” rating on the stock. Finally, analysts at Zacks upgraded shares of Seadrill from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $36.40 price target on the stock. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $43.45.
Shares of Seadrill (NASDAQ:SDRL) traded up 0.43% during mid-day trading on Monday, hitting $39.55. 5,665,788 shares of the company’s stock traded hands. Seadrill has a 52 week low of $32.40 and a 52 week high of $48.09. The stock has a 50-day moving average of $35.93 and a 200-day moving average of $37.30. The company has a market cap of $18.553 billion and a price-to-earnings ratio of 3.63.
Seadrill (NASDAQ:SDRL) last announced its earnings results on Wednesday, May 28th. The company reported $6.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $5.55. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted $0.72 earnings per share. Seadrill’s revenue was down 3.5% compared to the same quarter last year. On average, analysts predict that Seadrill will post $3.10 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 19th. Shareholders of record on Thursday, June 12th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 10.11%. The ex-dividend date is Tuesday, June 10th.
Seadrill Limited an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.