Seadrill (NYSE:SDRL) Upgraded at Capital One Financial

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

Several other research analysts have also recently weighed in on the company. BTIG Research increased their price objective on Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. 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 upgraded shares of Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. BWS Financial reaffirmed a “buy” rating and set a $80.00 price target on shares of Seadrill in a research report on Monday. Finally, Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $59.00 in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Seadrill Stock Performance

Shares of SDRL stock opened at $38.81 on Tuesday. The stock has a market cap of $2.43 billion, a P/E ratio of -34.65 and a beta of 1.27. 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 company has a fifty day moving average price of $46.15 and a two-hundred day moving average price of $42.38. Seadrill has a one year low of $27.24 and a one year high of $55.47.

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

Institutional Investors Weigh In On Seadrill

Institutional investors and hedge funds have recently bought and sold shares of the company. Elliott Investment Management L.P. increased its holdings in Seadrill by 3.5% in the 1st quarter. Elliott Investment Management L.P. now owns 4,719,085 shares of the oil and gas company’s stock valued at $214,718,000 after buying an additional 160,327 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 worth $131,754,000 after acquiring an additional 23,672 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Seadrill by 10.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,553,281 shares of the oil and gas company’s stock worth $161,671,000 after acquiring an additional 326,835 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in shares of 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 worth $120,579,000 after acquiring an additional 373,176 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its position in shares of Seadrill by 27.6% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 2,449,565 shares of the oil and gas company’s stock worth $111,455,000 after acquiring an additional 529,884 shares in the last quarter. 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.