Seadrill Limited (NYSE:SDRL) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Seadrill Limited (NYSE:SDRL) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $55.00.

SDRL has been the topic of several analyst reports. Citigroup boosted their price target on shares of Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. BWS Financial reaffirmed a “buy” rating and set a $80.00 price objective on shares of Seadrill in a report on Tuesday, April 7th. Zacks Research upgraded shares of Seadrill from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Fearnley Fonds raised shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, BTIG Research increased their price target 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.

Hedge Funds Weigh In On Seadrill

Several hedge funds and other institutional investors have recently modified their holdings of SDRL. Raymond James Financial Inc. bought a new stake in Seadrill in the second quarter valued at $27,000. Aquatic Capital Management LLC bought a new position in shares of Seadrill during the third quarter valued at $44,000. EverSource Wealth Advisors LLC bought a new position in shares of Seadrill during the second quarter valued at $42,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Seadrill in the 3rd quarter valued at $61,000. Finally, Farther Finance Advisors LLC boosted 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. Institutional investors own 95.67% of the company’s stock.

Seadrill Price Performance

Shares of SDRL stock opened at $38.51 on Friday. The stock has a 50 day moving average of $47.66 and a two-hundred day moving average of $41.97. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. Seadrill has a 12 month low of $25.48 and a 12 month high of $55.47. The company has a market capitalization of $2.41 billion, a P/E ratio of -34.38 and a beta of 1.19.

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

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.