Seadrill (SDRL) Cut to “Strong Sell” at ValuEngine

Seadrill (NYSE:SDRL) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

Seadrill (NYSE:SDRL) traded up $0.00 during trading hours on Friday, reaching $0.30. 4,270,000 shares of the company traded hands, compared to its average volume of 8,981,786. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56. Seadrill has a twelve month low of $0.15 and a twelve month high of $4.59. The firm has a market cap of $149.32, a P/E ratio of 0.51 and a beta of 3.01.

A hedge fund recently raised its stake in Seadrill stock. Commerzbank Aktiengesellschaft FI raised its position in Seadrill Ltd (NYSE:SDRL) by 174.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,087,195 shares of the oil and gas company’s stock after purchasing an additional 690,919 shares during the period. Commerzbank Aktiengesellschaft FI owned 0.22% of Seadrill worth $381,000 as of its most recent filing with the SEC. 12.76% of the stock is owned by institutional investors.

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

To view ValuEngine’s full report, visit ValuEngine’s official website.

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