Seadrill (NYSE:SDRL) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Technical breakout: Seadrill shares crossed above their 200‑day moving average (200‑day MA $36.67), trading as high as $48.00 and last at $47.11 on volume of 743,743, suggesting bullish momentum.
• Mixed analyst views with rising targets: The consensus rating is a Hold with a consensus price target of $48.40, while individual targets have been raised recently (ranging roughly $33–$48) and ratings span Buy, Hold and Sell.
• Fundamentals and recent results: Seadrill beat Q results (EPS $0.12 vs. $0.07 est., revenue $362M vs. $335M est.) but still shows negative net margin and ROE; market cap ≈ $2.94B and debt‑to‑equity 0.21.

Seadrill Limited (NYSE:SDRL - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $36.67 and traded as high as $48.00. Seadrill shares last traded at $47.1130, with a volume of 743,743 shares traded.

Analysts Set New Price Targets

SDRL has been the subject of several research analyst reports. Barclays raised their price target on Seadrill from $39.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a "sell (d+)" rating on shares of Seadrill in a research note on Thursday, April 2nd. BTIG Research upped their price target on Seadrill from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, January 9th. Citigroup increased their price target on Seadrill from $46.00 to $48.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Wall Street Zen raised Seadrill from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $48.40.

Seadrill Stock Up 2.5%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.03 and a current ratio of 2.03. The company has a market cap of $2.94 billion, a price-to-earnings ratio of -37.99 and a beta of 1.31. The business has a 50-day simple moving average of $44.31 and a 200-day simple moving average of $36.67.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The company had revenue of $362.00 million for the quarter, compared to analyst estimates of $335.36 million. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%. On average, equities analysts anticipate that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Institutional Trading of Seadrill

Institutional investors have recently bought and sold shares of the business. Monaco Asset Management SAM lifted its holdings in Seadrill by 23.7% during the 3rd quarter. Monaco Asset Management SAM now owns 266,047 shares of the oil and gas company's stock worth $8,037,000 after buying an additional 51,047 shares during the last quarter. American Century Companies Inc. lifted its holdings in Seadrill by 64.4% during the 3rd quarter. American Century Companies Inc. now owns 884,430 shares of the oil and gas company's stock worth $26,719,000 after buying an additional 346,409 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Seadrill during the 3rd quarter worth about $758,000. DNB Asset Management AS lifted its holdings in Seadrill by 37.3% during the 3rd quarter. DNB Asset Management AS now owns 815,644 shares of the oil and gas company's stock worth $24,641,000 after buying an additional 221,388 shares during the last quarter. Finally, Packer & Co Ltd purchased a new stake in Seadrill during the 3rd quarter worth about $13,597,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

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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