Seadrill Limited (NYSE:SDRL) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Seadrill received a consensus “Moderate Buy” rating from nine analysts, with an average 12-month price target of $55.00. Ratings include three buys, three strong buys, two holds and one sell.
• The company reported quarterly EPS of $0.47, exceeding the $0.29 consensus estimate, while revenue of $430 million also topped expectations of $388.46 million.
• Institutional investors and hedge funds own 95.67% of Seadrill’s shares. The stock opened at $48.50 and has traded between $28.10 and $55.47 over the past year.

Shares of Seadrill Limited (NYSE:SDRL - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $55.00.

A number of equities research analysts have recently issued reports on SDRL shares. Capital One Financial set a $55.00 target price on shares of Seadrill and gave the stock an "overweight" rating in a report on Wednesday, July 1st. Barclays raised shares of Seadrill from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $41.00 to $59.00 in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Seadrill in a research note on Tuesday, June 30th. BWS Financial reiterated a "buy" rating and set a $80.00 price target on shares of Seadrill in a report on Tuesday, August 11th. Finally, Fearnley Fonds raised shares of Seadrill from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 12th.

Hedge Funds Weigh In On Seadrill

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Seadrill in the 2nd quarter valued at approximately $27,000. State of Wyoming acquired a new position in Seadrill in the second quarter valued at approximately $55,000. Aquatic Capital Management LLC purchased a new position in Seadrill in the third quarter worth approximately $44,000. EverSource Wealth Advisors LLC purchased a new position in Seadrill in the second quarter worth approximately $42,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in Seadrill during the third quarter worth $61,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Seadrill Stock Performance

NYSE:SDRL opened at $48.50 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50. The stock has a market capitalization of $3.03 billion, a PE ratio of 1,616.73 and a beta of 1.21. Seadrill has a fifty-two week low of $28.10 and a fifty-two week high of $55.47. The company has a fifty day moving average of $42.92 and a two-hundred day moving average of $44.89.

Seadrill (NYSE:SDRL - Get Free Report) last announced its earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.18. Seadrill had a net margin of 0.07% and a return on equity of 0.64%. The business had revenue of $430.00 million for the quarter, compared to analyst estimates of $388.46 million. As a group, research analysts forecast that Seadrill will post 0.37 earnings per share for the current fiscal year.

About Seadrill

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.

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