Seadrill Limited (NYSE:SDRL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Seadrill Limited (NYSE:SDRL) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $55.00.

Several brokerages have recently commented on SDRL. BWS Financial restated a “buy” rating and set a $80.00 price target on shares of Seadrill in a research note on Tuesday, April 7th. BTIG Research increased their price target on shares of Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $41.00 to $59.00 in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Seadrill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Fearnley Fonds upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Amica Retiree Medical Trust increased its stake in shares of Seadrill by 13.7% during the 3rd quarter. Amica Retiree Medical Trust now owns 2,942 shares of the oil and gas company’s stock worth $89,000 after purchasing an additional 355 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Seadrill by 20.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 422 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Seadrill by 11.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,615 shares of the oil and gas company’s stock worth $139,000 after purchasing an additional 484 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Seadrill by 18.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,521 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 558 shares during the last quarter. Finally, Swiss National Bank grew its stake in Seadrill by 0.5% in the 1st quarter. Swiss National Bank now owns 117,200 shares of the oil and gas company’s stock valued at $5,333,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Seadrill Stock Down 1.0%

SDRL stock opened at $54.27 on Wednesday. Seadrill has a 12-month low of $22.30 and a 12-month high of $55.20. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.39 billion, a price-to-earnings ratio of -48.45 and a beta of 1.25. The company has a 50 day moving average of $47.01 and a two-hundred day moving average of $39.51.

Seadrill (NYSE:SDRL) last released its earnings results on Monday, May 11th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). Seadrill had a negative return on equity of 1.84% and a negative net margin of 4.79%.The company had revenue of $358.00 million during the quarter, compared to analysts’ expectations of $326.75 million. On average, equities analysts anticipate that Seadrill will post 0.04 earnings per share for the current fiscal year.

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.