Seadrill’s (SDRL) Buy Rating Reiterated at BWS Financial

BWS Financial reiterated their buy rating on shares of Seadrill (NYSE:SDRL) in a research report released on Friday,Benzinga reports. BWS Financial currently has a $80.00 target price on the oil and gas company’s stock.

Several other research firms also recently weighed in on SDRL. Barclays raised their price target on Seadrill from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Citigroup lowered shares of Seadrill from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $35.00 to $32.00 in a research report on Monday, January 12th. Zacks Research upgraded Seadrill from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Dnb Carnegie raised shares of Seadrill to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings downgraded Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.60.

Seadrill Stock Up 1.5%

SDRL opened at $38.66 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.89 and a current ratio of 1.89. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 84.05 and a beta of 1.54. Seadrill has a one year low of $17.74 and a one year high of $39.68. The business’s fifty day moving average is $32.97 and its two-hundred day moving average is $31.44.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in Seadrill during the 2nd quarter worth approximately $27,000. GAMMA Investing LLC grew its position in shares of Seadrill by 319.3% during the second quarter. GAMMA Investing LLC now owns 1,237 shares of the oil and gas company’s stock worth $32,000 after buying an additional 942 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Seadrill during the second quarter worth approximately $42,000. Aquatic Capital Management LLC bought a new stake in shares of Seadrill in the third quarter worth $44,000. Finally, Farther Finance Advisors LLC raised its holdings in Seadrill by 34.1% in the second quarter. Farther Finance Advisors LLC now owns 1,743 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.