Seadrill (NYSE:SDRL) Given Buy Rating at BWS Financial

Seadrill (NYSE:SDRL)‘s stock had its “buy” rating reiterated by research analysts at BWS Financial in a note issued to investors on Wednesday, Benzinga reports. They currently have a $80.00 price objective on the oil and gas company’s stock. BWS Financial’s target price points to a potential upside of 72.81% from the company’s previous close.

SDRL has been the subject of a number of other reports. Weiss Ratings raised shares of Seadrill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Zacks Research raised Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th. Citigroup restated a “neutral” rating on shares of Seadrill in a research report on Monday, September 7th. Finally, 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. Four research 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $59.40.

Seadrill Price Performance

Seadrill stock traded down $0.69 during mid-day trading on Wednesday, hitting $46.29. 733,681 shares of the company traded hands, compared to its average volume of 779,329. Seadrill has a one year low of $28.10 and a one year high of $55.47. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 1,543.10 and a beta of 1.25. 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 stock has a fifty day moving average price of $46.97 and a 200-day moving average price of $45.78.

Seadrill (NYSE:SDRL) last released 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. The business had revenue of $430.00 million during the quarter, compared to analysts’ expectations of $388.46 million. Seadrill had a net margin of 0.07% and a return on equity of 0.64%. On average, equities analysts predict that Seadrill will post 0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in 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 acquiring an additional 1,103 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of 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 during the last quarter. Engineers Gate Manager LP grew its holdings in shares of 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 during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Seadrill in the 2nd quarter worth $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.