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

A number of equities research analysts have recently issued reports on the stock. Bank of America Corp. reissued a “sell” rating and set a $1.70 price objective on shares of Seadrill in a research report on Sunday, May 29th. Canaccord Genuity reissued a “sell” rating on shares of Seadrill in a research report on Sunday, May 29th. Zacks Investment Research downgraded shares of Seadrill from a “hold” rating to a “sell” rating in a research report on Thursday, June 2nd. Credit Suisse Group AG reissued a “sell” rating and set a $1.00 price objective on shares of Seadrill in a research report on Friday, May 27th. Finally, Evercore ISI reissued a “sell” rating on shares of Seadrill in a research report on Saturday, July 2nd. 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 company currently has a consensus rating of “Sell” and an average target price of $1.35.

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

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