Seadrill Ltd. (NYSE:SDRL) has been given a consensus recommendation of “Sell” by the sixteen ratings firms that are covering the stock. Ten analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $5.31.

Separately, Clarkson Capital lowered Seadrill from a “neutral” rating to a “sell” rating in a research note on Wednesday, July 6th.

Seadrill (NYSE:SDRL) traded up 0.98% during midday trading on Wednesday, hitting $2.06. The stock had a trading volume of 3,913,998 shares. The company’s 50-day moving average price is $2.54 and its 200 day moving average price is $3.26. The company’s market capitalization is $1.05 billion. Seadrill has a 52 week low of $1.57 and a 52 week high of $7.93.

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Several large investors have recently modified their holdings of SDRL. Squarepoint Ops LLC acquired a new stake in shares of Seadrill during the first quarter worth $141,000. Invictus RG acquired a new stake in shares of Seadrill during the first quarter worth $237,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Seadrill during the first quarter worth $337,000. Natixis increased its stake in shares of Seadrill by 248.9% in the first quarter. Natixis now owns 109,686 shares of the company’s stock worth $362,000 after buying an additional 78,247 shares in the last quarter. Finally, ICM Asset Management Inc. WA acquired a new stake in shares of Seadrill during the first quarter worth $363,000. 35.60% of the stock is currently owned by hedge funds and other institutional investors.

About Seadrill

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 NYSE:SDRL

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