Seadrill Limited (NYSE:SDRL) Given Average Recommendation of “Moderate Buy” by Brokerages

by · The Markets Daily

Shares of Seadrill Limited (NYSE:SDRL – Get Free Report) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and three have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $55.00.

A number of research firms have issued reports on SDRL. Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Capital One Financial set a $55.00 target price on shares of Seadrill and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. BTIG Research raised their price target on shares of Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Barclays raised Seadrill from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $41.00 to $59.00 in a report on Thursday, May 7th. Finally, Citigroup boosted their price objective on Seadrill from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th.

Read Our Latest Analysis on Seadrill

Seadrill Stock Performance

Shares of SDRL opened at $44.78 on Monday. Seadrill has a 1 year low of $27.40 and a 1 year high of $55.47. The company has a market cap of $2.80 billion, a price-to-earnings ratio of -39.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a fifty day moving average of $42.67 and a 200-day moving average of $43.76.

Seadrill (NYSE:SDRL – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The oil and gas company reported ($0.11) 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 firm had revenue of $358.00 million for the quarter, compared to the consensus estimate of $326.75 million. As a group, equities analysts anticipate that Seadrill will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SDRL. Raymond James Financial Inc. acquired a new position in Seadrill during the 2nd quarter worth $27,000. EverSource Wealth Advisors LLC acquired a new position in shares of Seadrill during the second quarter valued at $42,000. Aquatic Capital Management LLC bought a new stake in shares of Seadrill during the third quarter valued at about $44,000. CIBC Private Wealth Group LLC bought a new stake in shares of Seadrill during the third quarter valued at about $61,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Seadrill by 20.2% during the fourth 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 and hedge funds own 95.67% of the company’s stock.

Seadrill Company Profile

(Get Free Report)

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.

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