Seadrill Ltd (NYSE:SDRL)’s share price shot up 3.4% during mid-day trading on Tuesday . The company traded as high as $0.30 and last traded at $0.28. 1,993,728 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 3,708,431 shares. The stock had previously closed at $0.29.
Separately, ValuEngine lowered Seadrill from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st.
The company has a market capitalization of $132.86, a P/E ratio of -0.24 and a beta of 3.04. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.56.
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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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