Shares of Seadrill Ltd (NASDAQ:SDRL) have earned a consensus rating of “Sell” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $3.50.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Seadrill from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Societe Generale cut shares of Seadrill from a “hold” rating to a “sell” rating in a research report on Wednesday, May 31st.

Seadrill (NASDAQ SDRL) traded down 0.38% on Tuesday, reaching $0.34. 4,052,493 shares of the company traded hands. Seadrill has a 52-week low of $0.33 and a 52-week high of $4.59. The company’s market capitalization is $171.51 million. The stock has a 50-day moving average of $0.39 and a 200 day moving average of $1.05.

Seadrill (NASDAQ:SDRL) last released its quarterly earnings results on Wednesday, May 24th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.11. Seadrill had a net margin of 10.02% and a return on equity of 2.69%. The firm had revenue of $569 million during the quarter, compared to the consensus estimate of $584.11 million. On average, equities analysts forecast that Seadrill will post ($0.13) EPS for the current year.

Several large investors have recently bought and sold shares of SDRL. Comerica Bank boosted its stake in Seadrill by 100.2% in the fourth quarter. Comerica Bank now owns 37,685 shares of the company’s stock valued at $127,000 after buying an additional 18,864 shares during the period. AQR Capital Management LLC boosted its stake in Seadrill by 170.4% in the fourth quarter. AQR Capital Management LLC now owns 117,802 shares of the company’s stock valued at $403,000 after buying an additional 74,241 shares during the period. LMR Partners LLP boosted its stake in Seadrill by 2,004.1% in the second quarter. LMR Partners LLP now owns 1,597,477 shares of the company’s stock valued at $576,000 after buying an additional 1,521,556 shares during the period. Dimensional Fund Advisors LP boosted its stake in Seadrill by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,667,982 shares of the company’s stock valued at $5,688,000 after buying an additional 46,066 shares during the period. Finally, Shah Capital Management boosted its stake in Seadrill by 36.3% in the second quarter. Shah Capital Management now owns 7,089,967 shares of the company’s stock valued at $2,556,000 after buying an additional 1,887,000 shares during the period.

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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-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.

Analyst Recommendations for Seadrill (NASDAQ:SDRL)

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