GSA Capital Partners LLP Makes New Investment in Seadrill Limited (NYSE:SDRL)

GSA Capital Partners LLP bought a new position in Seadrill Limited (NYSE:SDRL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 59,654 shares of the oil and gas company's stock, valued at approximately $1,491,000. GSA Capital Partners LLP owned 0.10% of Seadrill at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SDRL. Headlands Technologies LLC purchased a new position in Seadrill in the fourth quarter valued at about $28,000. Caldwell Sutter Capital Inc. acquired a new stake in shares of Seadrill during the first quarter valued at about $30,000. Farther Finance Advisors LLC grew its stake in shares of Seadrill by 10,733.3% during the first quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company's stock valued at $33,000 after acquiring an additional 1,288 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Seadrill by 412.2% during the first quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company's stock valued at $34,000 after acquiring an additional 1,084 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Seadrill by 756.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock valued at $61,000 after acquiring an additional 1,384 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Seadrill Stock Down 4.7%

NYSE:SDRL traded down $1.37 during mid-day trading on Friday, reaching $27.79. The stock had a trading volume of 752,919 shares, compared to its average volume of 724,361. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 5.25 and a beta of 1.60. Seadrill Limited has a 1-year low of $17.74 and a 1-year high of $51.84. The stock's 50 day simple moving average is $27.75 and its two-hundred day simple moving average is $27.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 2.01.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The oil and gas company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.48). The firm had revenue of $335.00 million during the quarter, compared to analyst estimates of $325.69 million. Seadrill had a return on equity of 4.68% and a net margin of 27.49%. Equities analysts anticipate that Seadrill Limited will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SDRL. BTIG Research set a $28.00 target price on Seadrill in a research note on Monday, May 5th. BWS Financial restated a "buy" rating and set a $80.00 target price on shares of Seadrill in a research note on Tuesday, May 13th. Citigroup restated a "buy" rating and set a $36.00 target price (up from $35.00) on shares of Seadrill in a research note on Wednesday, June 18th. Finally, Fearnley Fonds downgraded Seadrill from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $51.00.

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.