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

Shares of Seadrill Limited (NYSE:SDRL) have been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $43.60.

SDRL has been the subject of several research reports. Zacks Research raised Seadrill from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Citigroup downgraded shares of Seadrill from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $35.00 to $32.00 in a report on Monday, January 12th. Barclays lifted their target price on shares of Seadrill from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. BTIG Research increased their price target on shares of Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Finally, BWS Financial reaffirmed a “buy” rating and set a $80.00 price objective on shares of Seadrill in a report on Friday, January 23rd.

Institutional Trading of Seadrill

A number of large investors have recently bought and sold shares of SDRL. Farther Finance Advisors LLC increased its holdings in shares of Seadrill by 19.7% in the third quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 343 shares in the last quarter. Amica Retiree Medical Trust lifted its holdings in Seadrill by 13.7% during the 3rd quarter. Amica Retiree Medical Trust now owns 2,942 shares of the oil and gas company’s stock worth $89,000 after buying an additional 355 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Seadrill by 11.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,615 shares of the oil and gas company’s stock valued at $139,000 after buying an additional 484 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Seadrill by 18.8% in the 2nd quarter. Osaic Holdings Inc. now owns 3,521 shares of the oil and gas company’s stock valued at $92,000 after buying an additional 558 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Seadrill by 1.0% in the 3rd quarter. Alliancebernstein L.P. now owns 72,020 shares of the oil and gas company’s stock valued at $2,176,000 after buying an additional 700 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Seadrill Trading Up 3.6%

Seadrill stock opened at $42.61 on Monday. The business has a 50 day moving average price of $35.61 and a two-hundred day moving average price of $32.46. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 92.63 and a beta of 1.54. Seadrill has a 12 month low of $17.74 and a 12 month high of $43.30.

Seadrill Company Profile

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.