Seadrill (NYSE:SDRL) Raised to Hold at Wall Street Zen

Seadrill (NYSE:SDRL) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other brokerages also recently commented on SDRL. Barclays boosted their target price on shares of Seadrill from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Weiss Ratings cut Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 6th. BTIG Research increased their price objective on shares of Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Zacks Research lowered Seadrill from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Finally, Citigroup raised shares of Seadrill from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $32.00 to $46.00 in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $48.00.

Seadrill Trading Down 3.9%

SDRL stock opened at $42.00 on Friday. The company has a market capitalization of $2.62 billion, a PE ratio of -33.87 and a beta of 1.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.03 and a quick ratio of 1.89. Seadrill has a 12 month low of $17.74 and a 12 month high of $45.90. The firm’s 50-day moving average is $39.06 and its 200 day moving average is $33.97.

Seadrill (NYSE:SDRL) last released its quarterly earnings data on Wednesday, February 25th. The oil and gas company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%.The company had revenue of $362.00 million for the quarter, compared to the consensus estimate of $335.36 million. On average, research analysts anticipate that Seadrill will post 1.86 EPS for the current year.

Institutional Trading of Seadrill

A number of hedge funds and other institutional investors have recently made changes to their positions in SDRL. Raymond James Financial Inc. acquired a new position in Seadrill in the 2nd quarter valued at about $27,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Seadrill in the second quarter valued at about $42,000. Aquatic Capital Management LLC purchased a new stake in shares of Seadrill during the 3rd quarter worth approximately $44,000. CIBC Private Wealth Group LLC purchased a new stake in Seadrill during the third quarter worth $61,000. Finally, Farther Finance Advisors LLC grew its position in shares of Seadrill by 19.7% in the third quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 343 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.