72,358 Shares of Seadrill Limited $SDRL Bought by Calamos Wealth Management LLC

Calamos Wealth Management LLC acquired a new position in Seadrill Limited (NYSE:SDRL) in the third quarter, Holdings Channel reports. The fund acquired 72,358 shares of the oil and gas company’s stock, valued at approximately $3,232,000.

A number of other institutional investors have also added to or reduced their stakes in SDRL. BlackRock Inc. purchased a new stake in Seadrill in the 2nd quarter valued at about $207,509,000. Patient Capital Management LLC purchased a new position in shares of Seadrill in the 2nd quarter worth approximately $73,876,000. Webs Creek Capital Management LP purchased a new position in shares of Seadrill in the 2nd quarter worth approximately $49,368,299. Wellington Management Group LLP purchased a new position in shares of Seadrill in the 2nd quarter worth approximately $29,947,000. Finally, Goehring & Rozencwajg Associates LLC increased its position in shares of Seadrill by 27.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 2,449,565 shares of the oil and gas company’s stock valued at $111,455,000 after acquiring an additional 529,884 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SDRL. BWS Financial restated a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a research note on Wednesday, October 14th. Citigroup reaffirmed a “neutral” rating on shares of Seadrill in a research report on Monday, September 7th. Zacks Research cut Seadrill from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 14th. Finally, Weiss Ratings raised shares of Seadrill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.40.

Seadrill Stock Performance

NYSE:SDRL opened at $42.22 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.18. Seadrill Limited has a 52-week low of $28.10 and a 52-week high of $55.47. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of -145.59 and a beta of 1.17. The business’s fifty day moving average is $47.49 and its 200 day moving average is $45.16.

Seadrill (NYSE:SDRL) last issued its earnings results on Tuesday, November 3rd. The oil and gas company reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.68). Seadrill had a positive return on equity of 1.50% and a negative net margin of 1.13%. The company had revenue of $428.00 million during the quarter, compared to the consensus estimate of $382.66 million. Research analysts predict that Seadrill Limited will post 0.63 EPS for the current year.

About Seadrill

Seadrill Limited (NYSE: SDRL) is an offshore drilling contractor that provides drilling services to oil and gas companies. The company operates a fleet of mobile offshore drilling units, including ultra-deepwater drillships and semisubmersible rigs, which are used to explore for and develop hydrocarbon resources beneath the seabed.

Seadrill’s services include contract drilling, rig operations, well construction support and related offshore services. Its modern, high-specification fleet is designed to work in challenging deepwater and harsh-environment locations.