BWS Financial Reaffirms Buy Rating for Seadrill (NYSE:SDRL)

Seadrill (NYSE:SDRL)‘s stock had its “buy” rating reiterated by BWS Financial in a note issued to investors on Tuesday,Benzinga reports. They presently have a $80.00 price target on the oil and gas company’s stock. BWS Financial’s target price would suggest a potential upside of 216.46% from the company’s previous close.

Several other research firms have also recently issued reports on SDRL. Citigroup lowered their target price on shares of Seadrill from $46.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. BTIG Research set a $28.00 target price on shares of Seadrill in a report on Monday, May 5th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Seadrill presently has an average rating of “Buy” and a consensus target price of $55.20.

Seadrill Stock Performance

SDRL stock opened at $25.28 on Tuesday. The stock’s 50 day simple moving average is $22.55 and its 200 day simple moving average is $31.49. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21. Seadrill has a 12-month low of $17.74 and a 12-month high of $56.46. The stock has a market capitalization of $1.57 billion, a PE ratio of 4.40 and a beta of 1.48.

Seadrill (NYSE:SDRL) last posted its quarterly earnings results on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.48). Seadrill had a return on equity of 7.24% and a net margin of 27.79%. The business had revenue of $335.00 million during the quarter, compared to analysts’ expectations of $325.69 million. As a group, research analysts forecast that Seadrill will post 1.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Seadrill

Large investors have recently made changes to their positions in the company. Summit Investment Advisors Inc. boosted its holdings in shares of Seadrill by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 7,268 shares of the oil and gas company’s stock worth $283,000 after buying an additional 325 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Seadrill by 10.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 354 shares during the period. Headlands Technologies LLC purchased a new position in shares of Seadrill during the 4th quarter worth $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Seadrill by 254.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,133 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 813 shares during the last quarter. Finally, CWM LLC grew its position in shares of Seadrill by 30.8% during the 1st quarter. CWM LLC now owns 3,585 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 845 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Seadrill Company Profile

Seadrill Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through the following segments: Floaters, Jack-up rigs, and Other. The Floaters segment encompasses drilling, completion, and maintenance of offshore exploration and production wells. the Jack-up Rigs segment includes drilling contracts relate to jack-up rigs for operations in harsh and benign environments in shallow water.