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 = $37.33) and traded as high as $48.40, signaling a potential bullish shift in momentum.
• Analyst consensus is mixed: The stock carries an average rating of "Hold" with a consensus target of $51.40, while individual price targets range from mid‑$40s to $80 and analyst opinions span Strong Buy to Sell.
• Fundamentals show improvement but lingering weakness: Seadrill beat quarterly estimates (EPS $0.12 vs $0.07; revenue $362M vs $335M) yet posts a negative P/E (-38.81) and negative net margin, with institutional investors owning about 95.7% of shares.

Seadrill Limited (NYSE:SDRL - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $37.33 and traded as high as $48.40. Seadrill shares last traded at $48.12, with a volume of 404,018 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SDRL. Weiss Ratings reiterated a "sell (d+)" rating on shares of Seadrill in a research note on Thursday, April 2nd. BTIG Research increased their price objective on Seadrill from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, April 17th. Citigroup increased their price objective on Seadrill from $46.00 to $48.00 and gave the company a "neutral" rating in a research note on Wednesday, April 15th. Zacks Research cut Seadrill from a "hold" rating to a "strong sell" rating in a research note on Monday, February 16th. Finally, BWS Financial reiterated a "buy" rating and issued a $80.00 price objective on shares of Seadrill in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $51.40.

Seadrill Stock Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 2.03 and a quick ratio of 2.03. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -38.81 and a beta of 1.31. The stock has a 50 day simple moving average of $45.00 and a two-hundred day simple moving average of $37.33.

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 for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%.The company had revenue of $362.00 million for the quarter, compared to analysts' expectations of $335.36 million. As a group, analysts anticipate that Seadrill Limited will post 0.76 earnings per share for the current year.

Institutional Trading of Seadrill

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Seadrill by 19.7% during the third quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company's stock worth $63,000 after purchasing an additional 343 shares in the last quarter. Amica Retiree Medical Trust grew its holdings in shares of Seadrill by 13.7% during the third quarter. Amica Retiree Medical Trust now owns 2,942 shares of the oil and gas company's stock worth $89,000 after buying an additional 355 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Seadrill by 11.7% during the third quarter. PNC Financial Services Group Inc. now owns 4,615 shares of the oil and gas company's stock worth $139,000 after buying an additional 484 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Seadrill by 18.8% during the second quarter. Osaic Holdings Inc. now owns 3,521 shares of the oil and gas company's stock worth $92,000 after buying an additional 558 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Seadrill by 1.0% during the third quarter. Alliancebernstein L.P. now owns 72,020 shares of the oil and gas company's stock worth $2,176,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds 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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