Seadrill Ltd. (NASDAQ:SDRL) shares rose 7.6% 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.

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

The firm’s market capitalization is $1.58 billion. The firm has a 50-day moving average of $3.28 and a 200-day moving average of $3.14.

Seadrill (NASDAQ:SDRL) last issued its quarterly earnings data on Thursday, May 26th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.12. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The company earned $891 million during the quarter, compared to analyst estimates of $893.48 million. The company’s revenue for the quarter was down 28.4% compared to the same quarter last year. Equities analysts forecast 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.

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