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

Seadrill (SDRL) traded down $0.01 during trading on Friday, reaching $0.23. The company’s stock had a trading volume of 5,885,000 shares, compared to its average volume of 10,180,110. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $116.68, a price-to-earnings ratio of -0.19 and a beta of 3.02. Seadrill has a one year low of $0.15 and a one year high of $3.73.

A hedge fund recently raised its stake in Seadrill stock. Jane Street Group LLC increased its position in shares of Seadrill Ltd (NYSE:SDRL) by 47.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 665,645 shares of the oil and gas company’s stock after acquiring an additional 214,660 shares during the quarter. Jane Street Group LLC owned about 0.13% of Seadrill worth $233,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 12.72% of the company’s stock.

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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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