Seadrill (NYSE:SDRL) Earns Buy Rating from BWS Financial

Seadrill (NYSE:SDRL)‘s stock had its “buy” rating restated by investment analysts at BWS Financial in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $80.00 target price on the oil and gas company’s stock. BWS Financial’s price target would suggest a potential upside of 65.42% from the stock’s previous close.

A number of other analysts have also recently issued reports on SDRL. Weiss Ratings upgraded shares of Seadrill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. Citigroup restated a “neutral” rating on shares of Seadrill in a research note on Monday, September 7th. Zacks Research upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Finally, Capital One Financial set a $55.00 price objective on shares of Seadrill and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $59.40.

Seadrill Stock Up 2.4%

Shares of SDRL traded up $1.11 during midday trading on Wednesday, reaching $48.36. 505,159 shares of the stock were exchanged, compared to its average volume of 775,887. Seadrill has a 52 week low of $28.10 and a 52 week high of $55.47. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $47.11 and its two-hundred day moving average is $45.80. The company has a market capitalization of $3.02 billion, a P/E ratio of 1,612.07 and a beta of 1.25.

Seadrill (NYSE:SDRL) last released its quarterly earnings data on Monday, August 10th. The oil and gas company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.18. Seadrill had a return on equity of 0.64% and a net margin of 0.07%. The firm had revenue of $430.00 million during the quarter, compared to the consensus estimate of $388.46 million. On average, sell-side analysts anticipate that Seadrill will post 0.63 earnings per share for the current year.

Institutional Investors Weigh In On Seadrill

Several institutional investors have recently added to or reduced their stakes in SDRL. State of Wyoming bought a new position in shares of Seadrill during the second quarter worth about $55,000. Integrated Wealth Concepts LLC bought a new stake in Seadrill in the 2nd quarter valued at approximately $92,000. GAMMA Investing LLC lifted its stake in Seadrill by 38.2% in the 3rd quarter. GAMMA Investing LLC now owns 2,523 shares of the oil and gas company’s stock valued at $113,000 after acquiring an additional 698 shares in the last quarter. Entropy Technologies LP acquired a new position in Seadrill during the 1st quarter worth approximately $205,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Seadrill during the 1st quarter worth approximately $220,000. 95.67% of the stock is owned by institutional investors.

About Seadrill

Seadrill Limited is an offshore drilling contractor that provides drilling services to oil and gas companies worldwide. The company operates and manages offshore drilling units, including drillships and semisubmersible rigs, used to explore for and develop oil and natural gas resources in deepwater and other challenging marine environments.

Its services include contract drilling, rig operations, well construction support and related offshore services. Seadrill’s fleet is designed to serve a range of offshore projects, with operations and contract activity spanning major energy-producing regions such as the Gulf of Mexico, Brazil, the North Sea, West Africa and other international markets.

Seadrill was founded in 2005 and has expanded through fleet development, acquisitions and strategic transactions.