BWS Financial Reaffirms Buy Rating for Seadrill (NYSE:SDRL)

Seadrill (NYSE:SDRL)‘s stock had its “buy” rating reiterated by BWS Financial in a research note issued to investors on Friday,Benzinga reports. They currently have a $80.00 target price on the oil and gas company’s stock. BWS Financial’s target price would suggest a potential upside of 106.93% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Barclays increased their price target on shares of Seadrill from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. BTIG Research increased their target price on shares of Seadrill from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Dnb Carnegie upgraded shares of Seadrill to a “strong-buy” rating in a research note on Tuesday, November 4th. Citigroup downgraded shares of Seadrill from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $35.00 to $32.00 in a research note on Monday, January 12th. Finally, Weiss Ratings lowered Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $43.60.

Seadrill Stock Up 1.5%

Seadrill stock opened at $38.66 on Friday. The stock has a market cap of $2.41 billion, a PE ratio of 84.05 and a beta of 1.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.89 and a quick ratio of 1.89. The stock’s fifty day moving average is $32.97 and its two-hundred day moving average is $31.43. Seadrill has a 1-year low of $17.74 and a 1-year high of $39.68.

Seadrill (NYSE:SDRL) last released its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.43). Seadrill had a return on equity of 0.10% and a net margin of 2.49%.The business had revenue of $363.00 million for the quarter, compared to analyst estimates of $343.56 million. On average, sell-side 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 SDRL. Farther Finance Advisors LLC grew its stake in shares of Seadrill by 19.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 343 shares during the period. Amica Retiree Medical Trust boosted its holdings in Seadrill by 13.7% during the third quarter. Amica Retiree Medical Trust now owns 2,942 shares of the oil and gas company’s stock worth $89,000 after buying an additional 355 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Seadrill by 11.7% during the third quarter. PNC Financial Services Group Inc. now owns 4,615 shares of the oil and gas company’s stock worth $139,000 after buying an additional 484 shares during the period. Osaic Holdings Inc. increased its holdings in Seadrill by 18.8% in the second quarter. Osaic Holdings Inc. now owns 3,521 shares of the oil and gas company’s stock valued at $92,000 after buying an additional 558 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Seadrill by 1.0% in the third quarter. Alliancebernstein L.P. now owns 72,020 shares of the oil and gas company’s stock valued at $2,176,000 after buying an additional 700 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Seadrill Company Profile

Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.