Seadrill Ltd. (NASDAQ:SDRL) was down 1.6% on Friday . The stock traded as low as $3.09 and last traded at $3.13, with a volume of 4,370,046 shares. The stock had previously closed at $3.18.

Several equities research analysts have recently weighed in on SDRL shares. Credit Suisse Group AG reissued a “sell” rating and issued a $1.00 target price on shares of Seadrill in a research report on Friday, May 27th. Canaccord Genuity reaffirmed a “sell” rating on shares of Seadrill in a report on Sunday, May 29th. Bank of America Corp. reaffirmed a “sell” rating and issued a $1.70 price target on shares of Seadrill in a report on Sunday, May 29th. Zacks Investment Research lowered shares of Seadrill from a “hold” rating to a “sell” rating in a report on Thursday, June 2nd. Finally, Evercore ISI reaffirmed a “sell” rating on shares of Seadrill in a report on Saturday, July 2nd. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The stock presently has an average rating of “Sell” and an average price target of $1.35.

The firm’s market capitalization is $1.56 billion. The company’s 50-day moving average is $3.27 and its 200-day moving average is $3.13.

Seadrill (NASDAQ:SDRL) last posted its earnings results 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. The business had revenue of $891 million for the quarter, compared to the consensus estimate of $893.48 million. During the same period last year, the company earned $0.86 earnings per share. The firm’s quarterly revenue was down 28.4% on a year-over-year basis. On average, equities research analysts anticipate that Seadrill Ltd. will post $1.25 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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