Seadrill Ltd (NASDAQ:SDRL) shares fell 2.8% during trading on Tuesday . The stock traded as low as $2.02 and last traded at $2.05, with a volume of 3,052,300 shares. The stock had previously closed at $2.11.

Several brokerages have recently commented on SDRL. Canaccord Genuity reiterated a “sell” rating on shares of Seadrill in a research report on Wednesday, September 7th. Morgan Stanley reissued an “equal weight” rating and issued a $7.50 price target on shares of Seadrill in a report on Wednesday, August 31st. Evercore ISI set a $2.00 price target on Seadrill and gave the stock a “sell” rating in a report on Sunday, August 28th. Zacks Investment Research raised Seadrill from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th. Finally, Bank of America Corp. reissued a “sell” rating and issued a $1.70 price target on shares of Seadrill in a report on Sunday, May 29th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Seadrill presently has an average rating of “Sell” and an average target price of $3.05.

The company’s market cap is $1.04 billion. The stock has a 50 day moving average of $2.54 and a 200 day moving average of $3.26.

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Seadrill (NASDAQ:SDRL) last posted its quarterly earnings data on Thursday, August 25th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.10. The business had revenue of $868 million for the quarter. On average, analysts forecast that Seadrill Ltd will post $1.30 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in Seadrill by 2.8% in the second quarter. Janney Montgomery Scott LLC now owns 42,339 shares of the company’s stock valued at $144,000 after buying an additional 1,141 shares in the last quarter. Commonwealth Equity Services Inc boosted its position in Seadrill by 4.4% in the second quarter. Commonwealth Equity Services Inc now owns 32,111 shares of the company’s stock valued at $104,000 after buying an additional 1,343 shares in the last quarter. Moors & Cabot Inc. boosted its position in Seadrill by 13.1% in the second quarter. Moors & Cabot Inc. now owns 50,202 shares of the company’s stock valued at $161,000 after buying an additional 5,802 shares in the last quarter. Camelot Portfolios LLC boosted its position in Seadrill by 5.8% in the second quarter. Camelot Portfolios LLC now owns 155,438 shares of the company’s stock valued at $504,000 after buying an additional 8,546 shares in the last quarter. Finally, WealthTrust Axiom LLC boosted its position in Seadrill by 28.2% in the second quarter. WealthTrust Axiom LLC now owns 40,900 shares of the company’s stock valued at $132,000 after buying an additional 9,000 shares in the last quarter.

Seadrill Company Profile

Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow and deep water areas, as well as benign and harsh environments.

5 Day Chart for NASDAQ:SDRL

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