Seadrill (NYSE:SDRL) Stock Rating Upgraded by Capital One Financial

Seadrill (NYSE:SDRL) was upgraded by Capital One Financial to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other brokerages have also recently issued reports on SDRL. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. BWS Financial reiterated a “buy” rating and set a $80.00 price target on shares of Seadrill in a report on Monday. Fearnley Fonds raised shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Seadrill in a report on Thursday, April 2nd. Finally, BTIG Research upped their price objective on Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Seadrill Price Performance

Shares of NYSE:SDRL opened at $38.81 on Tuesday. Seadrill has a 1-year low of $27.24 and a 1-year high of $55.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94. The business has a fifty day moving average price of $46.15 and a 200-day moving average price of $42.38. The company has a market capitalization of $2.43 billion, a PE ratio of -34.65 and a beta of 1.27.

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

Institutional Trading of Seadrill

A number of institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its holdings in shares of Seadrill by 64.4% during the third quarter. American Century Companies Inc. now owns 884,430 shares of the oil and gas company’s stock valued at $26,719,000 after purchasing an additional 346,409 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Seadrill in the third quarter worth approximately $758,000. Fluent Financial LLC purchased a new stake in Seadrill in the fourth quarter worth approximately $2,360,000. Hosking Partners LLP grew its position in Seadrill by 14.6% in the 4th quarter. Hosking Partners LLP now owns 714,150 shares of the oil and gas company’s stock worth $24,710,000 after purchasing an additional 91,175 shares during the period. Finally, Citigroup Inc. grew its position in Seadrill by 390.8% in the 3rd quarter. Citigroup Inc. now owns 143,224 shares of the oil and gas company’s stock worth $4,327,000 after purchasing an additional 114,043 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.