Nokomis Capital L.L.C. Buys 25,762 Shares of Seadrill Limited (NYSE:SDRL)

Nokomis Capital L.L.C. raised its stake in Seadrill Limited (NYSE:SDRL - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 275,066 shares of the oil and gas company's stock after acquiring an additional 25,762 shares during the quarter. Seadrill makes up 3.8% of Nokomis Capital L.L.C.'s portfolio, making the stock its 7th biggest holding. Nokomis Capital L.L.C. owned approximately 0.37% of Seadrill worth $10,708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SDRL. BNP Paribas Financial Markets acquired a new stake in shares of Seadrill during the 4th quarter worth about $66,400,000. Third Point LLC purchased a new position in shares of Seadrill during the fourth quarter valued at approximately $39,903,000. Norges Bank acquired a new stake in Seadrill during the fourth quarter worth approximately $33,104,000. Millennium Management LLC grew its stake in Seadrill by 100.9% in 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 acquiring an additional 663,362 shares during the period. Finally, Condire Management LP raised its holdings in Seadrill by 18.2% in the 4th quarter. Condire Management LP now owns 3,039,615 shares of the oil and gas company's stock valued at $118,332,000 after acquiring an additional 467,623 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on SDRL shares. BTIG Research set a $28.00 price target on Seadrill in a research note on Monday, May 5th. Citigroup cut their price objective on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Finally, BWS Financial restated a "buy" rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Seadrill presently has a consensus rating of "Buy" and a consensus target price of $55.20.

Seadrill Stock Performance

Shares of NYSE:SDRL opened at $24.76 on Wednesday. The business's 50-day simple moving average is $22.54 and its 200 day simple moving average is $31.68. The company has a market cap of $1.54 billion, a P/E ratio of 4.31 and a beta of 1.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53. Seadrill Limited has a one year low of $17.74 and a one year high of $56.46.

Seadrill (NYSE:SDRL - Get Free Report) last issued its quarterly earnings data 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). Seadrill had a return on equity of 7.24% and a net margin of 27.79%. The firm had revenue of $335.00 million during the quarter, compared to analyst estimates of $325.69 million. On average, sell-side analysts forecast that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Seadrill Company 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.

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