Seadrill Limited (NYSE:SDRL) Receives $43.60 Average Target Price from Analysts

Seadrill Limited (NYSE:SDRL) has received an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $43.60.

SDRL has been the subject of several analyst reports. BWS Financial reissued a “buy” rating and set a $80.00 target price on shares of Seadrill in a research note on Friday, January 23rd. Citigroup downgraded Seadrill from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $35.00 to $32.00 in a research report on Monday, January 12th. Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings downgraded shares of Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 6th. Finally, BTIG Research increased their price objective 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Seadrill in the 2nd quarter valued at about $27,000. EverSource Wealth Advisors LLC bought a new stake in shares of Seadrill in the second quarter valued at approximately $42,000. Aquatic Capital Management LLC acquired a new stake in Seadrill during the third quarter worth approximately $44,000. CIBC Private Wealth Group LLC acquired a new position in Seadrill in the 3rd quarter valued at $61,000. Finally, Farther Finance Advisors LLC lifted its position 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 valued at $63,000 after acquiring an additional 343 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Seadrill Trading Up 6.9%

Shares of SDRL stock opened at $42.98 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.89 and a current ratio of 1.89. Seadrill has a fifty-two week low of $17.74 and a fifty-two week high of $43.19. The stock has a market capitalization of $2.68 billion, a P/E ratio of 93.44 and a beta of 1.54. The company has a 50 day moving average price of $35.22 and a 200 day moving average price of $32.32.

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.