Seadrill Given Average Recommendation of “Hold” by Analysts (NASDAQ:SDRL)
Shares of Seadrill (NASDAQ:SDRL) have received an average rating of “Hold” from the twenty-four ratings firms that are currently covering the company, AnalystRatingsNetwork.com reports. Four investment analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $40.42.
A number of analysts have recently weighed in on SDRL shares. Analysts at RBC Capital raised their price target on shares of Seadrill from $40.00 to $42.00 in a research note on Friday. Separately, 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. Finally, 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.
Shares of Seadrill (NASDAQ:SDRL) opened at 37.25 on Wednesday. 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 $37.09 and a 200-day moving average of $36.47. The company has a market cap of $17.466 billion and a price-to-earnings ratio of 4.30.
Seadrill (NASDAQ:SDRL) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $1.24 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.78 earnings per share. Seadrill’s revenue was down 3.6% compared to the same quarter last year. Analysts expect that Seadrill will post $3.28 EPS for the current fiscal year.
Seadrill Limited an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.