Seadrill’s (SDRL) “Buy” Rating Reaffirmed at BWS Financial

Seadrill (NYSE:SDRL)‘s stock had its “buy” rating reiterated by analysts at BWS Financial in a research report issued on Wednesday, Benzinga reports. They currently have a $80.00 price target on the oil and gas company’s stock. BWS Financial’s price objective suggests a potential upside of 73.72% from the company’s previous close.

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

Seadrill Trading Down 2.0%

Shares of NYSE SDRL opened at $46.05 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50. Seadrill has a 52-week low of $28.10 and a 52-week high of $55.47. The firm has a 50 day moving average price of $46.97 and a two-hundred day moving average price of $45.78. The stock has a market cap of $2.88 billion, a P/E ratio of 1,543.83 and a beta of 1.25.

Seadrill (NYSE:SDRL) last issued its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.18. Seadrill had a net margin of 0.07% and a return on equity of 0.64%. The company had revenue of $430.00 million for the quarter, compared to analyst estimates of $388.46 million. As a group, equities analysts forecast that Seadrill will post 0.98 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SDRL. Contravisory Investment Management Inc. lifted its holdings in shares of Seadrill by 16.0% in the 3rd quarter. Contravisory Investment Management Inc. now owns 7,985 shares of the oil and gas company’s stock worth $357,000 after purchasing an additional 1,103 shares in the last quarter. GAMMA Investing LLC grew its position 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 purchasing an additional 698 shares during the period. Farther Finance Advisors LLC increased its stake in Seadrill by 137.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 17,519 shares of the oil and gas company’s stock valued at $783,000 after purchasing an additional 10,129 shares in the last quarter. Engineers Gate Manager LP increased its stake in Seadrill by 7.2% during the 2nd quarter. Engineers Gate Manager LP now owns 23,772 shares of the oil and gas company’s stock valued at $899,000 after purchasing an additional 1,592 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Seadrill during the second quarter worth $92,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.