Seadrill Limited (NYSE:SDRL) Receives $48.00 Average Target Price from Brokerages

Shares of Seadrill Limited (NYSE:SDRL) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $48.00.

SDRL has been the topic of several analyst reports. Wall Street Zen raised Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays boosted their price target on Seadrill from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Citigroup raised Seadrill from a “sell” rating to a “neutral” rating and upped their price target for the company from $32.00 to $46.00 in a report on Thursday. Zacks Research cut Seadrill from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Finally, Weiss Ratings downgraded Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 6th.

Seadrill Stock Down 3.9%

Shares of Seadrill stock opened at $42.00 on Friday. The company has a 50-day simple moving average of $39.06 and a two-hundred day simple moving average of $34.04. The stock has a market capitalization of $2.62 billion, a PE ratio of -33.87 and a beta of 1.45. Seadrill has a 52-week low of $17.74 and a 52-week high of $45.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.03 and a current ratio of 2.03.

Seadrill (NYSE:SDRL) last posted its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $362.00 million for the quarter, compared to analysts’ expectations of $335.36 million. Seadrill had a negative net margin of 5.36% and a negative return on equity of 2.07%. On average, analysts anticipate that Seadrill will post 1.86 EPS for the current fiscal year.

Institutional Trading of Seadrill

A number of large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Seadrill during the second quarter valued at approximately $27,000. EverSource Wealth Advisors LLC bought a new stake in Seadrill in the 2nd quarter worth approximately $42,000. Aquatic Capital Management LLC purchased a new stake in Seadrill during the 3rd quarter valued at $44,000. CIBC Private Wealth Group LLC purchased a new stake in Seadrill during the 3rd quarter valued at $61,000. Finally, Farther Finance Advisors LLC lifted its holdings 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 buying an additional 343 shares during the period. 95.67% of the stock is currently owned by 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.