Seadrill’s (SDRL) “Buy” Rating Reaffirmed at BWS Financial

Seadrill (NYSE:SDRL)‘s stock had its “buy” rating reiterated by analysts at BWS Financial in a report released on Monday,Benzinga reports. They currently have a $80.00 price target on the oil and gas company’s stock. BWS Financial’s price objective points to a potential upside of 104.79% from the stock’s current price.

SDRL has been the topic of a number of other research reports. Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. BTIG Research boosted their price target on Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Fearnley Fonds raised shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Citigroup upped their target price on Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Finally, Wall Street Zen upgraded Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Seadrill Stock Up 0.1%

Shares of NYSE:SDRL traded up $0.03 during mid-day trading on Monday, reaching $39.06. 391,406 shares of the stock were exchanged, compared to its average volume of 844,781. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.44 billion, a P/E ratio of -34.85 and a beta of 1.19. Seadrill has a one year low of $25.73 and a one year high of $55.47. The stock’s 50 day simple moving average is $46.64 and its 200-day simple moving average is $42.26.

Seadrill (NYSE:SDRL) last released its earnings results on Monday, May 11th. The oil and gas company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). Seadrill had a negative net margin of 4.79% and a negative return on equity of 1.84%. The firm had revenue of $358.00 million during the quarter, compared to the consensus estimate of $326.75 million. As a group, equities research analysts predict that Seadrill will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Seadrill

A number of large investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Seadrill in the 2nd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC acquired a new position in shares of Seadrill during the 2nd quarter worth $42,000. Aquatic Capital Management LLC bought a new stake in shares of Seadrill during the 3rd quarter worth $44,000. CIBC Private Wealth Group LLC acquired a new stake in Seadrill in the third quarter valued at about $61,000. Finally, Farther Finance Advisors LLC grew its position in Seadrill by 20.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 422 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

About Seadrill

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.