Seadrill (NYSE:SDRL) Hits New 52-Week High – Still a Buy?

Seadrill Limited (NYSE:SDRL)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $43.19 and last traded at $42.9820, with a volume of 1306311 shares trading hands. The stock had previously closed at $40.20.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings cut shares of Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 6th. Dnb Carnegie raised shares of Seadrill to a “strong-buy” rating in a research note on Tuesday, November 4th. Citigroup lowered shares of Seadrill from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $35.00 to $32.00 in a report on Monday, January 12th. BWS Financial reissued a “buy” rating and issued a $80.00 price target on shares of Seadrill in a research note on Friday, January 23rd. Finally, Barclays raised their price target on Seadrill from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $43.60.

Seadrill Price Performance

The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 93.44 and a beta of 1.54. The company has a 50 day moving average of $35.22 and a 200 day moving average of $32.32.

Institutional Trading of Seadrill

A number of large investors have recently bought and sold shares of SDRL. Raymond James Financial Inc. acquired a new stake in Seadrill during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC bought a new stake in shares of Seadrill during the second quarter worth $42,000. Aquatic Capital Management LLC acquired a new stake in shares of Seadrill during the third quarter worth $44,000. CIBC Private Wealth Group LLC bought a new stake in Seadrill in the 3rd quarter valued at $61,000. Finally, Farther Finance Advisors LLC boosted its stake in Seadrill by 19.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 343 shares during the period. 95.67% of the stock is owned by institutional investors.

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.