Seadrill PT Raised to $42.00 at RBC Capital (SDRL)
RBC Capital boosted their price target on shares of Seadrill (NASDAQ:SDRL) from $40.00 to $42.00 in a research note issued on Friday. RBC Capital’s price objective points to a potential upside of 13.82% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company cut their price target on shares of Seadrill from $36.00 to $32.00 in a research note on Thursday. They now have a “market perform” rating on the stock. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $41.31.
Shares of Seadrill (NASDAQ:SDRL) traded up 0.95% on Friday, hitting $37.25. 3,754,653 shares of the company’s stock traded hands. Seadrill has a one year low of $32.40 and a one year high of $48.09. The stock has a 50-day moving average of $37.12 and a 200-day moving average of $36.46. The company has a market cap of $17.466 billion and a P/E ratio of 4.30. Seadrill also saw some unusual options trading activity on Wednesday. Stock traders acquired 7,612 put options on the company. This represents an increase of approximately 243% compared to the typical daily volume of 2,217 put options.
Seadrill (NASDAQ:SDRL) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, analysts predict that Seadrill will post $3.28 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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