Seadrill (NYSE:SDRL) Now Covered by Analysts at Barclays

Barclays assumed coverage on shares of Seadrill (NYSE:SDRL) in a report published on Tuesday, Marketbeat reports. The brokerage issued an equal weight rating and a $33.00 target price on the oil and gas company’s stock.

Several other equities research analysts also recently weighed in on SDRL. Citigroup upped their target price on Seadrill from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Fearnley Fonds downgraded Seadrill from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Zacks Research raised Seadrill to a “strong sell” rating in a research report on Tuesday, August 12th. SEB Equity Research set a $33.00 target price on Seadrill in a research report on Monday, September 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Seadrill in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.80.

Seadrill Price Performance

SDRL stock opened at $31.86 on Tuesday. The stock has a 50-day moving average price of $31.00 and a two-hundred day moving average price of $27.07. Seadrill has a 12-month low of $17.74 and a 12-month high of $42.36. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.98 billion, a PE ratio of 28.45 and a beta of 1.58.

Seadrill (NYSE:SDRL) last posted its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($1.36). Seadrill had a net margin of 5.68% and a return on equity of 1.58%. The firm had revenue of $377.00 million for the quarter, compared to analysts’ expectations of $365.73 million. As a group, research analysts predict that Seadrill will post 1.86 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SDRL. Raymond James Financial Inc. acquired a new position in shares of Seadrill in the second quarter worth about $27,000. Caitong International Asset Management Co. Ltd raised its stake in Seadrill by 254.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,133 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 813 shares in the last quarter. Caldwell Sutter Capital Inc. acquired a new stake in Seadrill during the first quarter valued at approximately $30,000. GAMMA Investing LLC raised its stake in Seadrill by 319.3% during the second quarter. GAMMA Investing LLC now owns 1,237 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 942 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Seadrill by 10,733.3% during the first quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 1,288 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

About Seadrill

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.