Seadrill (NYSE:SDRL) Stock Rating Lowered by Zacks Research

Seadrill (NYSE:SDRL) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. SEB Equity Research set a $33.00 price objective on Seadrill in a report on Monday, September 1st. Dnb Carnegie upgraded shares of Seadrill to a “strong-buy” rating in a research note on Tuesday, November 4th. Fearnley Fonds cut shares of Seadrill from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. BWS Financial restated a “buy” rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday. Finally, Citigroup lifted their target price on shares of Seadrill from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Seadrill currently has a consensus rating of “Hold” and an average price target of $43.00.

Seadrill Stock Up 1.7%

Shares of NYSE:SDRL traded up $0.50 during trading on Wednesday, reaching $30.12. 565,687 shares of the stock traded hands, compared to its average volume of 956,783. The stock has a market cap of $1.88 billion, a P/E ratio of 26.89 and a beta of 1.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a 50-day moving average of $31.17 and a two-hundred day moving average of $28.71. Seadrill has a 52-week low of $17.74 and a 52-week high of $42.24.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Seadrill during the second quarter valued at about $27,000. Caitong International Asset Management Co. Ltd increased its holdings in Seadrill by 254.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,133 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 813 shares during the last quarter. GAMMA Investing LLC lifted its stake in Seadrill by 319.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,237 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 942 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Seadrill in the second quarter worth about $42,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Seadrill by 34.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,743 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 443 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

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.