Seadrill (NYSE:SDRL) Trading Up 4.5% - Still a Buy?

Seadrill Limited (NYSE:SDRL - Get Free Report)'s share price was up 4.5% on Wednesday . The stock traded as high as $19.64 and last traded at $19.81. Approximately 98,435 shares changed hands during trading, a decline of 89% from the average daily volume of 935,413 shares. The stock had previously closed at $18.96.

Analysts Set New Price Targets

SDRL has been the topic of several research reports. BWS Financial reiterated a "buy" rating and set a $80.00 price target on shares of Seadrill in a research report on Monday, March 3rd. Citigroup cut their target price on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Seadrill currently has an average rating of "Buy" and a consensus target price of $62.00.

Seadrill Stock Performance

The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 3.51 and a beta of 1.41. The stock has a 50-day moving average of $24.62 and a 200-day moving average of $33.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The oil and gas company reported $1.07 earnings per share for the quarter, beating the consensus estimate of ($0.34) by $1.41. Seadrill had a return on equity of 7.24% and a net margin of 27.79%. The company had revenue of $289.00 million during the quarter, compared to analysts' expectations of $299.50 million. As a group, analysts anticipate that Seadrill Limited will post 1.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Seadrill

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its position in Seadrill by 7.3% during the first quarter. Janney Montgomery Scott LLC now owns 14,241 shares of the oil and gas company's stock worth $356,000 after acquiring an additional 973 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Seadrill by 547.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 15,615 shares of the oil and gas company's stock worth $390,000 after buying an additional 13,204 shares during the period. Caldwell Sutter Capital Inc. acquired a new stake in shares of Seadrill during the first quarter worth $30,000. Farther Finance Advisors LLC boosted its position in shares of Seadrill by 10,733.3% in the first quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company's stock valued at $33,000 after acquiring an additional 1,288 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Seadrill by 4,509.4% in the first quarter. GAMMA Investing LLC now owns 7,375 shares of the oil and gas company's stock valued at $184,000 after acquiring an additional 7,215 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

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.