Seadrill (NYSE:SDRL) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Seadrill Limited (NYSE:SDRL - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $27.80 and traded as high as $30.45. Seadrill shares last traded at $29.73, with a volume of 457,823 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BTIG Research set a $28.00 price target on Seadrill in a research note on Monday, May 5th. Citigroup reissued a "buy" rating and issued a $36.00 price objective (up previously from $35.00) on shares of Seadrill in a research note on Wednesday, June 18th. Finally, BWS Financial restated a "buy" rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday, May 13th.

Seadrill Price Performance

The business has a fifty day simple moving average of $26.54 and a two-hundred day simple moving average of $27.66. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.76 billion, a PE ratio of 5.33 and a beta of 1.60.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.48). Seadrill had a net margin of 27.49% and a return on equity of 4.68%. The company had revenue of $335.00 million for the quarter, compared to analysts' expectations of $325.69 million. Research analysts forecast that Seadrill Limited will post 1.86 earnings per share for the current year.

Institutional Investors Weigh In On Seadrill

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in Seadrill during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in Seadrill by 254.1% in the 1st 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 during the last quarter. Caldwell Sutter Capital Inc. acquired a new stake in Seadrill in the 1st quarter worth about $30,000. GAMMA Investing LLC boosted 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 worth $32,000 after buying an additional 942 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in 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 worth $33,000 after buying an additional 1,288 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

About Seadrill

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.