Shares of Seadrill Ltd. (NASDAQ:SDRL) shot up 7.6% during trading on Tuesday . The company traded as high as $3.29 and last traded at $3.27, with a volume of 9,318,112 shares trading hands. The stock had previously closed at $3.04.

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

The stock has a 50 day moving average of $3.27 and a 200-day moving average of $3.14. The stock’s market cap is $1.63 billion.

Seadrill (NASDAQ:SDRL) last announced its quarterly earnings results on Thursday, May 26th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.12. The firm had revenue of $891 million for the quarter, compared to analysts’ expectations of $893.48 million. During the same period in the previous year, the company earned $0.86 EPS. The firm’s revenue for the quarter was down 28.4% on a year-over-year basis. On average, equities analysts anticipate that Seadrill Ltd. will post $1.16 earnings per share 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.