Seadrill Limited (NYSE:SDRL) Given Average Recommendation of "Hold" by Brokerages

Key Points

• MarketBeat reports an average analyst recommendation of "Hold" on Seadrill from eight analysts (2 sell, 3 hold, 2 buy, 1 strong buy) with a 12‑month average price target of $51.40.
• Seadrill beat quarterly EPS expectations ($0.12 vs. $0.07) with revenue of $362M, and the stock trades near $48 with a market cap of $3.01B and a negative trailing P/E (~-38.8); its 1‑year range is $19.97–$48.99.
• Institutional ownership is very high at 95.67%, and Elliott Investment Management recently increased its stake to about 4.56M shares (≈$157.7M).

Seadrill Limited (NYSE:SDRL - Get Free Report) has received an average recommendation of "Hold" from the eight analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $51.40.

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Seadrill in a research report on Thursday, April 2nd. Wall Street Zen raised shares of Seadrill from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Citigroup upped their price target on shares of Seadrill from $46.00 to $48.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 15th. Zacks Research cut shares of Seadrill from a "hold" rating to a "strong sell" rating in a research report on Monday, February 16th. Finally, BTIG Research upped their price target on shares of Seadrill from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, April 17th.

Seadrill Price Performance

Seadrill stock opened at $48.12 on Friday. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -38.81 and a beta of 1.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.03 and a quick ratio of 2.03. Seadrill has a 1 year low of $19.97 and a 1 year high of $48.99. The firm has a 50-day moving average of $45.00 and a two-hundred day moving average of $37.33.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. Seadrill had a negative net margin of 5.36% and a negative return on equity of 2.07%. The firm had revenue of $362.00 million during the quarter, compared to analysts' expectations of $335.36 million. On average, research analysts forecast that Seadrill will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Seadrill during the 1st quarter worth approximately $313,000. SG Americas Securities LLC raised its stake in shares of Seadrill by 725.7% during the 1st quarter. SG Americas Securities LLC now owns 101,474 shares of the oil and gas company's stock worth $4,617,000 after acquiring an additional 89,185 shares in the last quarter. Azarias Capital Management L.P. bought a new position in shares of Seadrill during the 1st quarter worth approximately $6,217,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Seadrill during the 4th quarter worth approximately $244,000. Finally, Elliott Investment Management L.P. raised its stake in shares of Seadrill by 23.1% during the 4th quarter. Elliott Investment Management L.P. now owns 4,558,758 shares of the oil and gas company's stock worth $157,733,000 after acquiring an additional 855,012 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

About Seadrill

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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