Tairen Capital Ltd Purchases Shares of 61,600 Seadrill Limited $SDRL

Key Points

• Tairen Capital Ltd. initiated a Seadrill stake of 61,600 shares valued at approximately $2.33 million, representing about 0.10% of the company. Institutional investors collectively own 95.67% of Seadrill.
• Analyst sentiment is moderately bullish, with a consensus “Moderate Buy” rating and a $55.00 target price; individual targets range up to $80.00.
• Seadrill exceeded quarterly expectations, reporting $0.47 in adjusted earnings per share versus the $0.29 consensus and revenue of $430 million versus $388.46 million expected.

Tairen Capital Ltd purchased a new stake in Seadrill Limited (NYSE:SDRL - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 61,600 shares of the oil and gas company's stock, valued at approximately $2,330,000. Tairen Capital Ltd owned approximately 0.10% of Seadrill as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SDRL. Quantbot Technologies LP purchased a new stake in Seadrill during the second quarter valued at approximately $2,090,000. De Lisle Partners LLP acquired a new stake in Seadrill in the second quarter valued at approximately $1,325,000. Ieq Capital LLC purchased a new position in Seadrill in the second quarter worth $640,000. Hara Capital LLC purchased a new position in Seadrill in the second quarter worth $2,927,000. Finally, Tejara Capital Ltd acquired a new position in shares of Seadrill during the second quarter worth $2,897,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a "sell (d+)" rating on shares of Seadrill in a research report on Tuesday, June 30th. Zacks Research upgraded Seadrill from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Fearnley Fonds raised Seadrill from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 12th. BWS Financial reiterated a "buy" rating and issued a $80.00 price target on shares of Seadrill in a research note on Tuesday, August 11th. Finally, Barclays raised Seadrill from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $41.00 to $59.00 in a report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $55.00.

Seadrill Trading Up 0.2%

Shares of Seadrill stock opened at $47.39 on Monday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26. Seadrill Limited has a 12-month low of $28.10 and a 12-month high of $55.47. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 1,579.67 and a beta of 1.21. The firm's 50 day simple moving average is $42.37 and its two-hundred day simple moving average is $44.66.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $388.46 million. Analysts predict that Seadrill Limited will post 0.37 EPS for the current year.

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.

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