Seadrill (SDRL) Downgraded to Strong Sell at ValuEngine
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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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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