Seadrill (SDRL) Shares Gap Up to $0.27

Seadrill Ltd (NYSE:SDRL)’s share price gapped up prior to trading on Monday . The stock had previously closed at $0.26, but opened at $0.27. Seadrill shares last traded at $0.28, with a volume of 4784900 shares changing hands.

Separately, ValuEngine raised shares of Seadrill from a “hold” rating to a “buy” rating in a report on Monday, October 2nd.

The company has a market capitalization of $132.44, a price-to-earnings ratio of -0.23 and a beta of 3.02. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.50 and a current ratio of 0.50.

An institutional investor recently raised its position in Seadrill stock. Commerzbank Aktiengesellschaft FI boosted its position in Seadrill Ltd (NYSE:SDRL) by 174.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,087,195 shares of the oil and gas company’s stock after buying an additional 690,919 shares during the period. Commerzbank Aktiengesellschaft FI owned approximately 0.22% of Seadrill worth $381,000 as of its most recent SEC filing. Institutional investors own 12.72% of the company’s stock.

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Seadrill Company Profile

Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.

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