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Seadrill (NASDAQ:SDRL) released its earnings data on Wednesday. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.50, Analyst Ratings.Net reports. The company had revenue of $1.22 billion for the quarter. During the same quarter in the prior year, the company posted $0.78 earnings per share.

Seadrill (NASDAQ:SDRL) opened at 37.67 on Wednesday. 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 $37.19 and a 200-day moving average of $36.46. The company has a market cap of $17.672 billion and a price-to-earnings ratio of 3.41.

A number of research firms have recently commented on SDRL. 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. On a related note, 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. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $41.95.

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

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