Seadrill (NYSE:SDRL) Earns Buy Rating from BWS Financial

Seadrill (NYSE:SDRL)‘s stock had its “buy” rating reaffirmed by BWS Financial in a note issued to investors on Tuesday,Benzinga reports. They currently have a $80.00 target price on the oil and gas company’s stock. BWS Financial’s target price would suggest a potential upside of 156.67% from the company’s previous close.

SDRL has been the topic of a number of other reports. SEB Equity Research set a $33.00 target price on Seadrill in a research note on Monday, September 1st. Fearnley Fonds lowered shares of Seadrill from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Barclays lowered their price objective on shares of Seadrill from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Dnb Carnegie raised shares of Seadrill to a “strong-buy” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Seadrill Price Performance

NYSE SDRL traded up $2.77 on Tuesday, hitting $31.17. The stock had a trading volume of 501,581 shares, compared to its average volume of 958,988. The firm has a 50-day moving average of $31.31 and a 200-day moving average of $28.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.87 and a current ratio of 1.87. Seadrill has a 52-week low of $17.74 and a 52-week high of $42.24. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 27.78 and a beta of 1.59.

Seadrill (NYSE:SDRL) last released its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.43). Seadrill had a return on equity of 1.58% and a net margin of 5.68%.The firm had revenue of $363.00 million during the quarter, compared to the consensus estimate of $343.56 million. Seadrill has set its FY 2025 guidance at EPS. Equities analysts expect that Seadrill will post 1.86 EPS for the current year.

Institutional Trading of Seadrill

A number of institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Seadrill during the 2nd quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its holdings in Seadrill by 254.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,133 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 813 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Seadrill by 319.3% during the second quarter. GAMMA Investing LLC now owns 1,237 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 942 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Seadrill during the second quarter valued at approximately $42,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Seadrill by 34.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,743 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 443 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

About Seadrill

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.