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

Seadrill (NYSE:SDRL)‘s stock had its “buy” rating restated by stock analysts at BWS Financial in a report released on Wednesday, Benzinga reports. They presently have a $80.00 price target on the oil and gas company’s stock. BWS Financial’s price target suggests a potential upside of 70.93% from the stock’s current price.

Several other brokerages also recently weighed in on SDRL. Weiss Ratings raised shares of Seadrill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Capital One Financial set a $55.00 price target on Seadrill and gave the company an “overweight” rating in a report on Wednesday, July 1st. Zacks Research upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Finally, Citigroup reissued a “neutral” rating on shares of Seadrill in a research report on Monday, September 7th. Four analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $59.40.

Seadrill Stock Performance

Shares of Seadrill stock traded down $2.20 during trading on Wednesday, hitting $46.80. 1,024,255 shares of the company’s stock were exchanged, compared to its average volume of 779,467. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50. The business has a 50-day simple moving average of $46.86 and a 200-day simple moving average of $45.77. Seadrill has a 52-week low of $28.10 and a 52-week high of $55.47. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 1,560.13 and a beta of 1.25.

Seadrill (NYSE:SDRL) last announced its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share for the quarter, topping 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 company had revenue of $430.00 million for the quarter, compared to the consensus estimate of $388.46 million. On average, research analysts forecast that Seadrill will post 0.89 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. raised its position in Seadrill by 16.0% in the third quarter. Contravisory Investment Management Inc. now owns 7,985 shares of the oil and gas company’s stock worth $357,000 after acquiring an additional 1,103 shares in the last quarter. GAMMA Investing LLC raised its position in Seadrill by 38.2% during the third quarter. GAMMA Investing LLC now owns 2,523 shares of the oil and gas company’s stock worth $113,000 after acquiring an additional 698 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Seadrill by 137.1% in the third 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 position in Seadrill by 7.2% during the second quarter. Engineers Gate Manager LP now owns 23,772 shares of the oil and gas company’s stock worth $899,000 after buying an additional 1,592 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Seadrill during the 2nd quarter worth about $92,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Seadrill Company Profile

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.