Seadrill’s (SDRL) Hold (C-) Rating Reiterated at Weiss Ratings

Seadrill (NYSE:SDRL)‘s stock had its “hold (c-)” rating reissued by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently issued reports on SDRL. Zacks Research raised Seadrill to a “strong sell” rating in a research note on Tuesday, August 12th. Fearnley Fonds downgraded Seadrill from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. SEB Equity Research set a $33.00 price target on Seadrill in a research note on Monday, September 1st. Barclays assumed coverage on Seadrill in a research note on Tuesday. They set an “equal weight” rating and a $33.00 price target for the company. Finally, Citigroup raised their price target on Seadrill from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Seadrill has a consensus rating of “Hold” and an average price target of $43.20.

Seadrill Stock Down 2.9%

Shares of Seadrill stock opened at $30.97 on Wednesday. The stock has a 50-day moving average price of $31.02 and a 200 day moving average price of $27.11. The company has a market cap of $1.93 billion, a P/E ratio of 27.65 and a beta of 1.58. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.21. Seadrill has a 1 year low of $17.74 and a 1 year high of $42.36.

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

Institutional Investors Weigh In On Seadrill

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of Seadrill by 34.1% during the second quarter. Farther Finance Advisors LLC now owns 1,743 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 443 shares during the last quarter. State of Wyoming grew its stake in shares of Seadrill by 9.8% during the first quarter. State of Wyoming now owns 5,162 shares of the oil and gas company’s stock worth $129,000 after purchasing an additional 462 shares during the period. Osaic Holdings Inc. grew its stake in shares of Seadrill by 18.8% during the second quarter. Osaic Holdings Inc. now owns 3,521 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 558 shares during the period. Hara Capital LLC grew its stake in shares of Seadrill by 2.2% during the second quarter. Hara Capital LLC now owns 33,707 shares of the oil and gas company’s stock worth $885,000 after purchasing an additional 716 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of 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 worth $28,000 after purchasing an additional 813 shares during the period. Institutional investors own 95.67% of the company’s stock.

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.