Seadrill (NYSE:SDRL) Given Buy Rating at BWS Financial

BWS Financial reaffirmed their buy rating on shares of Seadrill (NYSE:SDRL) in a report released on Tuesday,Benzinga reports. They currently have a $80.00 price objective on the oil and gas company’s stock.

A number of other equities research analysts have also weighed in on the stock. Zacks Research lowered shares of Seadrill from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Citigroup raised shares of Seadrill from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $32.00 to $46.00 in a report on Thursday, March 5th. BTIG Research boosted their target price on shares of Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Finally, Barclays boosted their target price on shares of Seadrill from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $48.00.

Seadrill Trading Up 2.9%

Shares of SDRL stock opened at $48.57 on Tuesday. The firm has a market capitalization of $3.03 billion, a P/E ratio of -39.17 and a beta of 1.31. Seadrill has a twelve month low of $17.74 and a twelve month high of $48.98. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $43.07 and its 200 day simple moving average is $35.97.

Seadrill (NYSE:SDRL) last issued 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 return on equity of 2.07% and a negative net margin of 5.36%.The business had revenue of $362.00 million for the quarter, compared to analyst estimates of $335.36 million. As a group, sell-side analysts predict that Seadrill will post 1.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Seadrill

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of Seadrill during the 2nd quarter valued at about $27,000. EverSource Wealth Advisors LLC bought a new position in Seadrill during the second quarter worth $42,000. Aquatic Capital Management LLC bought a new position in Seadrill during the third quarter worth $44,000. CIBC Private Wealth Group LLC bought a new position in Seadrill during the third quarter worth $61,000. Finally, Farther Finance Advisors LLC boosted its stake in Seadrill by 19.7% during the third quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 343 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

About Seadrill

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.