Seadrill (NYSE:SDRL) Trading Down 6.1% – Should You Sell?

Shares of Seadrill Limited (NYSE:SDRL) traded down 6.1% during mid-day trading on Thursday . The company traded as low as $38.20 and last traded at $37.74. Approximately 124,894 shares were traded during mid-day trading, a decline of 84% from the average session volume of 799,212 shares. The stock had previously closed at $40.21.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SDRL shares. Fearnley Fonds upgraded Seadrill from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. BWS Financial restated a “buy” rating and issued a $80.00 price target on shares of Seadrill in a report on Tuesday, April 7th. Citigroup increased their price objective on shares of Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Zacks Research upgraded shares of Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, BTIG Research boosted their target price on shares of Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Seadrill Trading Down 0.1%

The business has a 50 day simple moving average of $47.46 and a two-hundred day simple moving average of $41.94. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -34.38 and a beta of 1.19.

Seadrill (NYSE:SDRL) last posted its quarterly earnings data on Monday, May 11th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). Seadrill had a negative return on equity of 1.84% and a negative net margin of 4.79%.The business had revenue of $358.00 million for the quarter, compared to analysts’ expectations of $326.75 million. As a group, equities analysts anticipate that Seadrill Limited will post 0.04 EPS for the current year.

Institutional Trading of Seadrill

Several institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Seadrill during the 2nd quarter valued at $27,000. EverSource Wealth Advisors LLC bought a new stake in shares of Seadrill in the 2nd quarter worth about $42,000. Aquatic Capital Management LLC bought a new stake in shares of Seadrill in the 3rd quarter worth about $44,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Seadrill in the 3rd quarter valued at about $61,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Seadrill by 20.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 422 shares in the last quarter. 95.67% of the stock is 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.