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Seadrill (NASDAQ:SDRL) has earned an average recommendation of “Hold” from the twenty-four ratings firms that are covering the stock, American Banking & Market News reports. Four analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $41.95.

A number of analysts have recently weighed in on SDRL shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Seadrill in a research note on Monday, August 4th. They now have a $36.00 price target on the stock, down previously from $40.00. Separately, analysts at Zacks upgraded shares of Seadrill from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $37.40 price target on the stock. Finally, analysts at Global Hunter Securities downgraded shares of Seadrill from a “buy” rating to an “accumulate” rating in a research note on Wednesday, July 30th. They now have a $37.00 price target on the stock, down previously from $41.00.

Shares of Seadrill (NASDAQ:SDRL) traded down 2.92% on Wednesday, hitting $36.57. The stock had a trading volume of 2,887,302 shares. Seadrill has a 1-year low of $32.40 and a 1-year high of $48.09. The stock has a 50-day moving average of $37.19 and a 200-day moving average of $36.46. The company has a market cap of $17.156 billion and a P/E ratio of 3.47.

Seadrill (NASDAQ:SDRL) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.50. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts predict that Seadrill will post $3.01 earnings per share for the current fiscal year.

Seadrill Limited an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.

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