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Seadrill (NASDAQ:SDRL) announced a quarterly dividend on Tuesday, September 2nd, reports. Shareholders of record on Monday, September 8th will be paid a dividend of 1.00 per share on Thursday, September 18th. This represents a $4.00 annualized dividend and a dividend yield of 10.79%. The ex-dividend date is Thursday, September 4th.

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. On the ratings front, 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, August 28th. 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. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.42.

Seadrill (NASDAQ:SDRL) traded down 0.51% during mid-day trading on Tuesday, hitting $37.06. The stock had a trading volume of 4,306,258 shares. Seadrill has a 52-week low of $32.40 and a 52-week high of $48.09. The stock’s 50-day moving average is $37.09 and its 200-day moving average is $36.47. The company has a market cap of $17.377 billion and a P/E ratio of 4.34.

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 $3.08 EPS 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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