Seadrill (NYSE:SDRL) Reaches New 1-Year High – Here’s What Happened
by Renee Jackson · The Cerbat GemSeadrill Limited (NYSE:SDRL – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $38.80 and last traded at $38.01, with a volume of 103682 shares changing hands. The stock had previously closed at $38.16.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. Dnb Carnegie upgraded shares of Seadrill to a “strong-buy” rating in a research report on Tuesday, November 4th. Barclays increased their price target on shares of Seadrill from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. BWS Financial reaffirmed a “buy” rating and set a $80.00 price objective on shares of Seadrill in a report on Wednesday, December 17th. BTIG Research lifted their target price on Seadrill from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Finally, Weiss Ratings lowered Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Seadrill presently has a consensus rating of “Hold” and a consensus target price of $43.60.
View Our Latest Analysis on SDRL
Seadrill Stock Down 0.1%
The company has a market capitalization of $2.38 billion, a P/E ratio of 82.90 and a beta of 1.54. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $32.63 and a 200-day simple moving average of $31.31.
Seadrill (NYSE:SDRL – Get Free Report) last announced its earnings results on Wednesday, November 5th. The oil and gas company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.43). Seadrill had a return on equity of 0.10% and a net margin of 2.49%.The company had revenue of $363.00 million for the quarter, compared to analyst estimates of $343.56 million. On average, equities research analysts expect that Seadrill Limited will post 1.86 EPS for the current fiscal year.
Institutional Trading of Seadrill
A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Seadrill during the 2nd quarter worth about $27,000. GAMMA Investing LLC boosted its holdings in shares of Seadrill by 319.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,237 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 942 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Seadrill during the third quarter worth $44,000. EverSource Wealth Advisors LLC acquired a new position in shares of Seadrill during the 2nd quarter worth about $42,000. Finally, Farther Finance Advisors LLC lifted its stake in 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 valued at $46,000 after purchasing an additional 443 shares during the last quarter. 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.