Calamos Advisors LLC Buys 56,750 Shares of Seadrill Limited $SDRL

Key Points

• Calamos Advisors initiated a Seadrill stake, buying 56,750 shares worth about $2.54 million, or 0.09% of the company. Institutional investors collectively own 95.67% of Seadrill.
• Analyst sentiment is moderately positive: the consensus rating is “Moderate Buy”, with an average price target of $59.40. Ratings range from Strong Buy to Hold.
• Seadrill reported quarterly revenue of $428 million, above estimates, but posted a loss of $0.49 per share versus expectations for $0.19 in earnings.

Calamos Advisors LLC bought a new stake in Seadrill Limited (NYSE:SDRL - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 56,750 shares of the oil and gas company's stock, valued at approximately $2,535,000. Calamos Advisors LLC owned 0.09% of Seadrill at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mraz Amerine & Associates Inc. purchased a new position in Seadrill during the third quarter worth approximately $222,000. State of Wyoming grew its holdings in Seadrill by 394.9% in the third quarter. State of Wyoming now owns 7,245 shares of the oil and gas company's stock valued at $324,000 after purchasing an additional 5,781 shares during the period. Abel Hall LLC purchased a new stake in shares of Seadrill in the third quarter valued at approximately $210,000. Contravisory Investment Management Inc. increased its position in shares of Seadrill by 16.0% in the third quarter. Contravisory Investment Management Inc. now owns 7,985 shares of the oil and gas company's stock valued at $357,000 after buying an additional 1,103 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Seadrill by 38.2% in the third quarter. GAMMA Investing LLC now owns 2,523 shares of the oil and gas company's stock valued at $113,000 after buying an additional 698 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SDRL. Zacks Research downgraded Seadrill from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 14th. BWS Financial reissued a "buy" rating and issued a $80.00 price target on shares of Seadrill in a research note on Wednesday, October 14th. Citigroup reissued a "neutral" rating on shares of Seadrill in a research note on Monday, September 7th. Finally, Weiss Ratings raised shares of Seadrill from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $59.40.

Seadrill Price Performance

Shares of Seadrill stock opened at $42.22 on Monday. The business has a 50 day simple moving average of $47.49 and a two-hundred day simple moving average of $45.16. Seadrill Limited has a 12 month low of $28.10 and a 12 month high of $55.47. The stock has a market capitalization of $2.60 billion, a P/E ratio of -145.59 and a beta of 1.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.18 and a quick ratio of 2.18.

Seadrill (NYSE:SDRL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The oil and gas company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.68). The firm had revenue of $428.00 million during the quarter, compared to analyst estimates of $382.66 million. Seadrill had a positive return on equity of 1.50% and a negative net margin of 1.13%. As a group, analysts predict that Seadrill Limited will post 0.63 EPS for the current fiscal year.

Seadrill Company Profile

Want to see what other hedge funds are holding SDRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seadrill Limited (NYSE:SDRL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.