Seadrill (NYSE:SDRL) issued its quarterly earnings data on Tuesday. The oil and gas company reported ($1.40) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.27) by $0.87, Morningstar.com reports. The company had revenue of $321.00 million for the quarter, compared to the consensus estimate of $295.10 million. During the same quarter last year, the business earned ($0.59) earnings per share. Seadrill’s revenue was down 7.8% compared to the same quarter last year.
Shares of Seadrill stock opened at $2.76 on Thursday. The company has a debt-to-equity ratio of 2.46, a current ratio of 3.23 and a quick ratio of 3.23. Seadrill has a 52 week low of $2.07 and a 52 week high of $26.72. The stock has a 50 day moving average price of $3.56 and a two-hundred day moving average price of $6.38.
Large investors have recently made changes to their positions in the stock. Quantamental Technologies LLC purchased a new position in shares of Seadrill during the first quarter valued at approximately $28,000. Virtu Financial LLC purchased a new position in shares of Seadrill during the first quarter valued at approximately $95,000. Cubist Systematic Strategies LLC boosted its position in shares of Seadrill by 80.2% during the second quarter. Cubist Systematic Strategies LLC now owns 24,139 shares of the oil and gas company’s stock valued at $100,000 after buying an additional 10,746 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Seadrill during the second quarter valued at approximately $101,000. Finally, BlackRock Inc. purchased a new position in shares of Seadrill during the fourth quarter valued at approximately $312,000. 9.41% of the stock is currently owned by institutional investors.
SDRL has been the subject of several recent analyst reports. BTIG Research cut Seadrill from a “buy” rating to a “neutral” rating and set a $304.00 target price for the company. in a research note on Tuesday, August 13th. ValuEngine raised Seadrill from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.
Seadrill Ltd. is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, jack-up rigs, tender rigs for operations in shallow, mid, deep, and ultra deep-water areas, and in benign and harsh environments.
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