Seadrill’s (SDRL) Buy Rating Reiterated at BWS Financial

BWS Financial restated their buy rating on shares of Seadrill (NYSE:SDRL) in a research report released on Tuesday,Benzinga reports. BWS Financial currently has a $80.00 price target on the oil and gas company’s stock.

SDRL has been the subject of a number of other reports. Citigroup increased their price objective on shares of Seadrill from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $41.00 to $59.00 in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Seadrill in a report on Tuesday, June 30th. Zacks Research upgraded Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Fearnley Fonds raised Seadrill from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

Seadrill Trading Up 0.6%

Shares of Seadrill stock opened at $46.99 on Tuesday. Seadrill has a 1-year low of $28.02 and a 1-year high of $55.47. The company’s fifty day simple moving average is $42.06 and its 200-day simple moving average is $44.29. 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 stock has a market capitalization of $2.94 billion, a PE ratio of 1,566.47 and a beta of 1.21.

Seadrill (NYSE:SDRL) last announced its quarterly earnings data on Monday, August 10th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.18. The company had revenue of $430.00 million during the quarter, compared to the consensus estimate of $388.46 million. Seadrill had a return on equity of 0.64% and a net margin of 0.07%. As a group, equities analysts anticipate that Seadrill will post 0.37 earnings per share for the current year.

Hedge Funds Weigh In On Seadrill

Institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC bought a new position in shares of Seadrill during the 2nd quarter valued at approximately $6,637,000. Patient Capital Management LLC purchased a new position in shares of Seadrill in the second quarter valued at $73,876,000. Tairen Capital Ltd bought a new stake in Seadrill in the second quarter worth $2,330,000. Quantbot Technologies LP bought a new stake in Seadrill in the second quarter worth $2,090,000. Finally, De Lisle Partners LLP bought a new stake in Seadrill in the second quarter worth $1,325,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.