Seadrill Ltd (SDRL) Receives Consensus Rating of “Sell” from Brokerages
Shares of Seadrill Ltd (NASDAQ:SDRL) have been assigned a consensus recommendation of “Sell” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $2.75.
A number of equities analysts have commented on SDRL shares. Zacks Investment Research upgraded shares of Seadrill from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. Societe Generale lowered shares of Seadrill from a “hold” rating to a “sell” rating in a report on Wednesday, May 31st.
Seadrill (NASDAQ SDRL) traded down 2.09% during trading on Friday, reaching $0.38. The company had a trading volume of 5,257,198 shares. Seadrill has a 52-week low of $0.33 and a 52-week high of $4.59. The company’s market capitalization is $191.69 million. The stock has a 50 day moving average price of $0.48 and a 200-day moving average price of $1.59.
Seadrill (NASDAQ:SDRL) last posted its earnings results on Wednesday, May 24th. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.11. The business had revenue of $569 million for the quarter, compared to analyst estimates of $584.11 million. Seadrill had a net margin of 10.02% and a return on equity of 2.69%. On average, equities research analysts anticipate that Seadrill will post ($0.13) earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of Seadrill by 6.3% in the fourth quarter. State Street Corp now owns 7,346,078 shares of the company’s stock worth $25,052,000 after buying an additional 433,678 shares in the last quarter. Shah Capital Management raised its position in shares of Seadrill by 36.3% in the second quarter. Shah Capital Management now owns 7,089,967 shares of the company’s stock worth $2,556,000 after buying an additional 1,887,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Seadrill by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,667,982 shares of the company’s stock worth $5,688,000 after buying an additional 46,066 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Seadrill by 2.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 272,698 shares of the company’s stock worth $930,000 after buying an additional 7,733 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Seadrill by 170.4% in the fourth quarter. AQR Capital Management LLC now owns 117,802 shares of the company’s stock worth $403,000 after buying an additional 74,241 shares in the last quarter.
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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-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.
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