Caption Management LLC Takes $685,000 Position in Seadrill Limited $SDRL

Key Points

• Caption Management LLC acquired 27,418 shares of Seadrill Limited, valued at approximately $685,000, during the first quarter, reflecting growing institutional interest in the company.
• Seadrill reported a loss of ($0.68) earnings per share for the recent quarter, missing analysts’ expectations, despite achieving a revenue of $377 million.
• The consensus rating for Seadrill stock is currently a "Hold", with price targets ranging from $28 to $80 set by various analysts.

Caption Management LLC purchased a new position in shares of Seadrill Limited (NYSE:SDRL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 27,418 shares of the oil and gas company's stock, valued at approximately $685,000.

A number of other institutional investors also recently modified their holdings of SDRL. BNP Paribas Financial Markets acquired a new position in shares of Seadrill during the 4th quarter worth $66,400,000. Goehring & Rozencwajg Associates LLC raised its holdings in shares of Seadrill by 151.9% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,200,201 shares of the oil and gas company's stock worth $30,149,000 after buying an additional 723,827 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Seadrill by 100.9% during the 4th quarter. Millennium Management LLC now owns 1,320,640 shares of the oil and gas company's stock worth $51,413,000 after buying an additional 663,362 shares in the last quarter. Patient Capital Management LLC raised its holdings in shares of Seadrill by 63.5% during the 4th quarter. Patient Capital Management LLC now owns 1,676,777 shares of the oil and gas company's stock worth $65,277,000 after buying an additional 651,132 shares in the last quarter. Finally, Condire Management LP raised its holdings in shares of Seadrill by 18.2% during the 4th quarter. Condire Management LP now owns 3,039,615 shares of the oil and gas company's stock worth $118,332,000 after buying an additional 467,623 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SDRL shares. Citigroup boosted their price target on Seadrill from $36.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Fearnley Fonds cut Seadrill from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Zacks Research raised Seadrill to a "strong sell" rating in a report on Tuesday, August 12th. BWS Financial reaffirmed a "buy" rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday, May 13th. Finally, SEB Equity Research set a $33.00 target price on Seadrill in a report on Monday. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Seadrill presently has an average rating of "Hold" and a consensus target price of $45.25.

Seadrill Trading Up 1.4%

Shares of SDRL stock traded up $0.45 on Wednesday, hitting $32.74. The company had a trading volume of 1,218,460 shares, compared to its average volume of 835,887. The firm has a market cap of $2.04 billion, a P/E ratio of 29.23 and a beta of 1.62. The stock's 50-day moving average is $29.53 and its two-hundred day moving average is $26.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.87 and a current ratio of 1.87. Seadrill Limited has a twelve month low of $17.74 and a twelve month high of $42.41.

Seadrill (NYSE:SDRL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of $0.68 by ($1.36). The company had revenue of $377.00 million during the quarter, compared to analyst estimates of $365.73 million. Seadrill had a net margin of 5.68% and a return on equity of 1.58%. On average, equities research analysts anticipate that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Seadrill 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.