Seadrill Limited (NYSE:SDRL) Receives $51.40 Average PT from Brokerages

Seadrill Limited (NYSE:SDRL) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $51.40.

A number of analysts recently weighed in on the stock. BWS Financial reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a report on Tuesday, April 7th. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Citigroup boosted their price target on shares of Seadrill from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Seadrill in a research report on Thursday, April 2nd. Finally, Barclays boosted their price target on shares of Seadrill from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd.

Seadrill Stock Up 1.4%

SDRL stock opened at $48.80 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.21. Seadrill has a fifty-two week low of $20.01 and a fifty-two week high of $49.75. The firm’s 50-day simple moving average is $45.12 and its 200 day simple moving average is $37.54. The stock has a market cap of $3.05 billion, a PE ratio of -39.35 and a beta of 1.31.

Seadrill (NYSE:SDRL) last released its quarterly earnings data on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Seadrill had a negative net margin of 5.36% and a negative return on equity of 2.07%. The business had revenue of $362.00 million for the quarter, compared to analysts’ expectations of $335.36 million. As a group, sell-side analysts predict that Seadrill will post 0.76 EPS for the current year.

Institutional Trading of Seadrill

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Elliott Investment Management L.P. raised its position in shares of Seadrill by 23.1% during the 4th quarter. Elliott Investment Management L.P. now owns 4,558,758 shares of the oil and gas company’s stock worth $157,733,000 after buying an additional 855,012 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Seadrill by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,807,933 shares of the oil and gas company’s stock worth $131,754,000 after buying an additional 23,672 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Seadrill by 12.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,484,940 shares of the oil and gas company’s stock worth $120,579,000 after buying an additional 373,176 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Seadrill by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,226,446 shares of the oil and gas company’s stock worth $111,635,000 after buying an additional 34,511 shares in the last quarter. Finally, Schf GPE LLC bought a new stake in shares of Seadrill during the 2nd quarter worth about $60,132,000. 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.