Seadrill Ltd (NASDAQ:SDRL) has received an average rating of “Sell” from the seven research firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $2.75.
SDRL has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Seadrill from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. Societe Generale downgraded shares of Seadrill from a “hold” rating to a “sell” rating in a report on Wednesday, May 31st.
Seadrill (NASDAQ SDRL) traded up 2.6259% during midday trading on Friday, reaching $0.4299. The company had a trading volume of 6,771,380 shares. Seadrill has a 52 week low of $0.33 and a 52 week high of $4.59. The firm has a 50-day moving average price of $0.41 and a 200-day moving average price of $1.27. The company’s market capitalization is $216.86 million.
Seadrill (NASDAQ:SDRL) last issued its earnings results on Wednesday, May 24th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.11. The company had revenue of $569 million during the quarter, compared to the consensus estimate of $584.11 million. Seadrill had a net margin of 10.02% and a return on equity of 2.69%. Analysts expect that Seadrill will post ($0.13) EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in SDRL. State Street Corp increased its position in Seadrill by 6.3% in the fourth quarter. State Street Corp now owns 7,346,078 shares of the company’s stock valued at $25,052,000 after buying an additional 433,678 shares during the period. Shah Capital Management increased its position in Seadrill by 36.3% in the second quarter. Shah Capital Management now owns 7,089,967 shares of the company’s stock valued at $2,556,000 after buying an additional 1,887,000 shares during the period. Dimensional Fund Advisors LP increased its position in Seadrill by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,667,982 shares of the company’s stock valued at $5,688,000 after buying an additional 46,066 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Seadrill by 2.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 272,698 shares of the company’s stock valued at $930,000 after buying an additional 7,733 shares during the period. Finally, AQR Capital Management LLC increased its position in Seadrill by 170.4% in the fourth quarter. AQR Capital Management LLC now owns 117,802 shares of the company’s stock valued at $403,000 after buying an additional 74,241 shares during the period.
About Seadrill
Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.
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