Seadrill Limited (NYSE:SDRL) Receives $42.80 Average PT from Analysts

Seadrill Limited (NYSE:SDRL) has been given a consensus recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $43.20.

A number of brokerages have commented on SDRL. Fearnley Fonds lowered Seadrill from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Barclays initiated coverage on Seadrill in a report on Tuesday. They issued an “equal weight” rating and a $33.00 price objective on the stock. Zacks Research raised Seadrill from a “strong sell” rating to a “hold” rating in a report on Tuesday. Citigroup upped their price objective on Seadrill from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday. Finally, SEB Equity Research set a $33.00 price objective on Seadrill in a report on Monday, September 1st.

Seadrill Stock Up 0.8%

SDRL stock opened at $31.23 on Tuesday. 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 firm has a market capitalization of $1.94 billion, a PE ratio of 27.88 and a beta of 1.58. Seadrill has a 1-year low of $17.74 and a 1-year high of $42.36. The business’s 50 day simple moving average is $31.06 and its 200 day simple moving average is $27.13.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SDRL. Raymond James Financial Inc. bought a new position in shares of Seadrill in the second quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its stake in Seadrill by 254.1% in 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 in the first quarter valued at about $30,000. GAMMA Investing LLC boosted its stake in Seadrill by 319.3% in 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 boosted its stake in Seadrill by 10,733.3% in 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. 95.67% of the stock is owned by institutional investors and hedge funds.

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.