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

SDRL has been the topic of several analyst reports. Evercore ISI restated a “sell” rating on shares of Seadrill in a research report on Saturday, July 2nd. Credit Suisse Group AG restated a “sell” rating and issued 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 issued 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 equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and a consensus price target of $1.35.

The stock’s 50-day moving average is $3.27 and its 200 day moving average is $3.13. The stock’s market cap is $1.61 billion.

Seadrill (NASDAQ:SDRL) last issued its quarterly earnings results on Thursday, May 26th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.12. The company earned $891 million during the quarter, compared to analysts’ expectations of $893.48 million. The firm’s revenue for the quarter was down 28.4% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. On average, equities analysts predict that Seadrill Ltd. will post $1.19 earnings per share for the current 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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