ValuEngine upgraded shares of Seadrill (NYSE:SDRL) from a strong sell rating to a sell rating in a research note published on Monday, April 2nd.
NYSE:SDRL opened at $0.36 on Monday. The stock has a market cap of $111.99, a PE ratio of 0.26 and a beta of 2.90. Seadrill has a 1 year low of $0.15 and a 1 year high of $0.76.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI raised its stake in Seadrill by 174.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,087,195 shares of the oil and gas company’s stock valued at $381,000 after acquiring an additional 690,919 shares during the last quarter. Aristeia Capital LLC purchased a new stake in Seadrill during the 4th quarter valued at approximately $231,000. Finally, Jane Street Group LLC raised its stake in Seadrill by 47.6% during the 3rd quarter. Jane Street Group LLC now owns 665,645 shares of the oil and gas company’s stock valued at $233,000 after acquiring an additional 214,660 shares during the last quarter. 12.35% of the stock is owned by hedge funds and other institutional investors.
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Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through three segments: Floaters, Jack-up Rigs, and Other. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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