Seadrill (NYSE:SDRL) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Seadrill Limited (NYSE:SDRL)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.13 and traded as high as $28.98. Seadrill shares last traded at $28.97, with a volume of 1,394,882 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup reiterated a “buy” rating and set a $36.00 price target (up previously from $35.00) on shares of Seadrill in a research report on Wednesday, June 18th. BTIG Research set a $28.00 price objective on shares of Seadrill in a research note on Monday, May 5th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a report on Tuesday, May 13th.

Seadrill Price Performance

The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 5.48 and a beta of 1.60. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $24.84 and a two-hundred day simple moving average of $28.13.

Seadrill (NYSE:SDRL) last posted its quarterly earnings data on Monday, May 12th. The oil and gas company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.48). Seadrill had a return on equity of 4.68% and a net margin of 27.49%. The firm had revenue of $335.00 million during the quarter, compared to the consensus estimate of $325.69 million. As a group, research analysts predict that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Seadrill

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. bought a new stake in shares of Seadrill in the 4th quarter worth approximately $409,000. Exchange Traded Concepts LLC grew its position in Seadrill by 547.7% in the first quarter. Exchange Traded Concepts LLC now owns 15,615 shares of the oil and gas company’s stock worth $390,000 after buying an additional 13,204 shares during the last quarter. JPMorgan Chase & Co. grew its position in Seadrill by 134.8% in the fourth quarter. JPMorgan Chase & Co. now owns 206,738 shares of the oil and gas company’s stock worth $8,048,000 after buying an additional 118,699 shares during the last quarter. Third Point LLC bought a new position in shares of Seadrill in the fourth quarter valued at $39,903,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Seadrill during the 4th quarter valued at $3,652,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Seadrill Company Profile

Seadrill Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through the following segments: Floaters, Jack-up rigs, and Other. The Floaters segment encompasses drilling, completion, and maintenance of offshore exploration and production wells. the Jack-up Rigs segment includes drilling contracts relate to jack-up rigs for operations in harsh and benign environments in shallow water.