Seadrill Limited (NYSE:SDRL) Receives Average Rating of “Hold” from Brokerages

Seadrill Limited (NYSE:SDRL) has been given an average rating of “Hold” by the seven analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $41.60.

SDRL has been the topic of a number of research analyst reports. Zacks Research downgraded Seadrill from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Dnb Carnegie raised Seadrill to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Seadrill in a report on Wednesday, October 8th. BWS Financial restated a “buy” rating and set a $80.00 target price on shares of Seadrill in a report on Wednesday. Finally, SEB Equity Research set a $33.00 target price on shares of Seadrill in a research report on Monday, September 1st.

Seadrill Trading Up 3.9%

NYSE:SDRL opened at $31.55 on Friday. The company has a 50-day moving average price of $30.79 and a 200-day moving average price of $30.17. Seadrill has a 12 month low of $17.74 and a 12 month high of $39.99. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 68.58 and a beta of 1.59.

Seadrill (NYSE:SDRL) last announced its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.43). Seadrill had a net margin of 2.49% and a return on equity of 0.10%. The company had revenue of $363.00 million for the quarter, compared to analysts’ expectations of $343.56 million. Equities analysts predict that Seadrill will post 1.86 EPS for the current year.

Hedge Funds Weigh In On Seadrill

Several large investors have recently made changes to their positions in SDRL. Adage Capital Partners GP L.L.C. boosted its position in shares of Seadrill by 22.5% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 4,200,535 shares of the oil and gas company’s stock worth $105,013,000 after purchasing an additional 771,366 shares in the last quarter. Schf GPE LLC purchased a new position in Seadrill during the second quarter valued at $60,132,000. Patient Capital Management LLC boosted its holdings in Seadrill by 13.0% in the second quarter. Patient Capital Management LLC now owns 2,229,549 shares of the oil and gas company’s stock worth $58,526,000 after acquiring an additional 256,836 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its stake in shares of Seadrill by 0.7% in the third quarter. Goehring & Rozencwajg Associates LLC now owns 1,695,114 shares of the oil and gas company’s stock worth $51,209,000 after acquiring an additional 11,113 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Seadrill by 0.8% during the third quarter. BNP Paribas Financial Markets now owns 1,681,094 shares of the oil and gas company’s stock valued at $50,786,000 after acquiring an additional 13,481 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.