Seadrill (NYSE:SDRL) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Seadrill Limited (NYSE:SDRL) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $36.67 and traded as high as $48.00. Seadrill shares last traded at $47.1130, with a volume of 743,743 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays upped their price objective on shares of Seadrill from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. BTIG Research upped their target price on shares of Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research downgraded shares of Seadrill from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Finally, Citigroup upped their target price on shares of Seadrill from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $51.40.

Seadrill Stock Down 2.0%

The stock’s 50-day moving average price is $44.44 and its two-hundred day moving average price is $36.78. The stock has a market capitalization of $2.89 billion, a PE ratio of -37.32 and a beta of 1.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.03 and a current ratio of 2.03.

Seadrill (NYSE:SDRL) last released its earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $362.00 million for the quarter, compared to the consensus estimate of $335.36 million. Seadrill had a negative net margin of 5.36% and a negative return on equity of 2.07%. As a group, analysts expect that Seadrill Limited will post 1.86 EPS for the current fiscal year.

Institutional Trading of Seadrill

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Elliott Investment Management L.P. increased its stake in Seadrill by 23.1% during the 4th quarter. Elliott Investment Management L.P. now owns 4,558,758 shares of the oil and gas company’s stock valued at $157,733,000 after purchasing an additional 855,012 shares in the last quarter. Vanguard Group Inc. increased its stake in Seadrill by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,807,933 shares of the oil and gas company’s stock valued at $131,754,000 after purchasing an additional 23,672 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in Seadrill by 12.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,484,940 shares of the oil and gas company’s stock valued at $120,579,000 after purchasing an additional 373,176 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Seadrill by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,226,446 shares of the oil and gas company’s stock valued at $111,635,000 after purchasing an additional 34,511 shares in the last quarter. Finally, Schf GPE LLC bought a new stake in Seadrill during the 2nd quarter valued at about $60,132,000. 95.67% of the stock is currently owned by institutional investors.

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.