Seadrill (NYSE:SDRL) Price Target Raised to $41.00

Seadrill (NYSE:SDRL) had its target price raised by Barclays from $39.00 to $41.00 in a research report released on Monday,Benzinga reports. They currently have an equal weight rating on the oil and gas company’s stock.

SDRL has been the subject of a number of other research reports. BWS Financial reissued a “buy” rating and set a $80.00 price target on shares of Seadrill in a research report on Friday, January 23rd. Weiss Ratings downgraded shares of Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 6th. Dnb Carnegie raised shares of Seadrill to a “strong-buy” rating in a research report on Tuesday, November 4th. Citigroup lowered shares of Seadrill from a “neutral” rating to a “sell” rating and cut their target price for the company from $35.00 to $32.00 in a research note on Monday, January 12th. Finally, BTIG Research lifted their price target on Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $45.20.

Seadrill Stock Down 1.2%

Shares of NYSE SDRL opened at $42.42 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.89 and a current ratio of 2.03. Seadrill has a 1 year low of $17.74 and a 1 year high of $45.90. The stock’s 50-day simple moving average is $38.67 and its 200-day simple moving average is $33.81. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of -34.21 and a beta of 1.45.

Seadrill (NYSE:SDRL) last issued its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%.The firm had revenue of $362.00 million during the quarter, compared to the consensus estimate of $335.36 million. As a group, equities analysts anticipate that Seadrill will post 1.86 earnings per share for the current fiscal year.

Institutional Trading of Seadrill

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

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.