Seadrill Ltd. (NASDAQ:SDRL) was down 3.8% during mid-day trading on Thursday . The company traded as low as $3.04 and last traded at $3.06, with a volume of 6,779,495 shares traded. The stock had previously closed at $3.18.

A number of equities research analysts recently issued reports on SDRL shares. Evercore ISI reiterated a “sell” rating on shares of Seadrill in a report on Saturday, July 2nd. Credit Suisse Group AG restated a “sell” rating and set a $1.00 price target on shares of Seadrill in a report on Friday, May 27th. Zacks Investment Research upgraded shares of Seadrill from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th. Bank of America Corp. restated a “sell” rating and set a $1.70 price target on shares of Seadrill in a report on Sunday, May 29th. Finally, Canaccord Genuity restated a “sell” rating on shares of Seadrill in a report on Sunday, May 29th. Four analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. The company has a consensus rating of “Sell” and an average price target of $1.35.

The stock’s 50 day moving average price is $3.30 and its 200-day moving average price is $3.16. The stock’s market capitalization is $1.51 billion.

Seadrill (NASDAQ:SDRL) last issued its quarterly earnings data on Thursday, May 26th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.12. The company had revenue of $891 million for the quarter, compared to analyst estimates of $893.48 million. The firm’s revenue for the quarter was down 28.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS. On average, equities analysts predict that Seadrill Ltd. will post $1.16 EPS for the current fiscal year.

Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow and deep water areas, as well as benign and harsh environments.

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