Shares of Seadrill Ltd. (NASDAQ:SDRL) rose 2.9% during trading on Monday . The company traded as high as $3.26 and last traded at $3.23, with a volume of 4,652,227 shares traded. The stock had previously closed at $3.14.

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

The company has a 50-day moving average of $3.27 and a 200-day moving average of $3.13. The company’s market capitalization is $1.60 billion.

Seadrill (NASDAQ:SDRL) last posted its quarterly earnings results on Thursday, May 26th. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate 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 quarter last year, the firm posted $0.86 EPS. The firm’s revenue was down 28.4% on a year-over-year basis. Analysts forecast that Seadrill Ltd. will post $1.19 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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