Seadrill Limited (NYSE:SDRL) Receives Consensus Rating of “Hold” from Analysts

Shares of Seadrill Limited (NYSE:SDRL) have been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $43.60.

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Seadrill from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings lowered shares of Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 6th. Citigroup downgraded Seadrill from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $35.00 to $32.00 in a report on Monday, January 12th. BWS Financial reiterated a “buy” rating and issued a $80.00 price target on shares of Seadrill in a research report on Wednesday, December 17th. Finally, Dnb Carnegie raised Seadrill to a “strong-buy” rating in a research note on Tuesday, November 4th.

Seadrill Stock Performance

NYSE SDRL opened at $34.71 on Thursday. The firm’s fifty day moving average price is $32.39 and its two-hundred day moving average price is $31.22. The stock has a market cap of $2.16 billion, a PE ratio of 75.45 and a beta of 1.54. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.89 and a current ratio of 1.89. Seadrill has a fifty-two week low of $17.74 and a fifty-two week high of $38.38.

Seadrill (NYSE:SDRL) last released its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.43). Seadrill had a net margin of 2.49% and a return on equity of 0.10%. The firm had revenue of $363.00 million for the quarter, compared to analyst estimates of $343.56 million. On average, equities analysts expect that Seadrill will post 1.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Seadrill

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Seadrill during the 2nd quarter valued at $498,000. Legal & General Group Plc raised its holdings in shares of Seadrill by 554.6% during the second quarter. Legal & General Group Plc now owns 69,010 shares of the oil and gas company’s stock valued at $1,812,000 after purchasing an additional 58,467 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Seadrill by 498.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 614,849 shares of the oil and gas company’s stock worth $16,140,000 after purchasing an additional 512,074 shares in the last quarter. Signaturefd LLC grew its stake in shares of Seadrill by 679.3% in the 2nd quarter. Signaturefd LLC now owns 1,886 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 1,644 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Seadrill by 34.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,743 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 443 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

About Seadrill

Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.