Seadrill Limited (NYSE:SDRL) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Seadrill Limited has received a consensus rating of "Hold" from six ratings firms, with one sell, three hold, and two buy recommendations.
• CitiGroup raised its price target on Seadrill from $36.00 to $40.00 while Zacks downgraded the stock to a "strong sell".
• The company's stock price opened at $32.17, with a 12-month price target averaging $42.80 among analysts covering Seadrill.

Shares of Seadrill Limited (NYSE:SDRL - Get Free Report) have received a consensus rating of "Hold" from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $42.80.

Several equities analysts recently weighed in on the company. Citigroup boosted their price objective on Seadrill from $36.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Zacks Research upgraded Seadrill to a "strong sell" rating in a report on Tuesday, August 12th. SEB Equity Research set a $33.00 price objective on Seadrill in a research report on Monday, September 1st. Barclays started coverage on shares of Seadrill in a research report on Tuesday. They set an "equal weight" rating and a $33.00 target price on the stock. Finally, Fearnley Fonds downgraded shares of Seadrill from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th.

Seadrill Trading Up 1.9%

NYSE:SDRL opened at $32.17 on Tuesday. The company's 50 day moving average is $30.97 and its 200-day moving average is $27.02. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.21. Seadrill has a 12 month low of $17.74 and a 12 month high of $42.36. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 28.72 and a beta of 1.58.

Seadrill (NYSE:SDRL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($1.36). The firm 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%. Equities analysts anticipate that Seadrill will post 1.86 EPS for the current year.

Hedge Funds Weigh In On Seadrill

Several large investors have recently added to or reduced their stakes in SDRL. Raymond James Financial Inc. acquired a new stake in shares of Seadrill during the 2nd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd boosted its stake in Seadrill by 254.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,133 shares of the oil and gas company's stock worth $28,000 after buying an additional 813 shares in the last quarter. Caldwell Sutter Capital Inc. bought a new stake in Seadrill in the 1st quarter valued at $30,000. GAMMA Investing LLC increased its holdings in Seadrill by 319.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,237 shares of the oil and gas company's stock valued at $32,000 after buying an additional 942 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Seadrill by 10,733.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company's stock valued at $33,000 after buying an additional 1,288 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

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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