Seadrill Ltd. (NASDAQ:SDRL) shares traded down 6.4% on Monday . The stock traded as low as $2.76 and last traded at $2.78, with a volume of 6,292,193 shares traded. The stock had previously closed at $2.97.

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

The stock’s market cap is $1.37 billion. The company’s 50 day moving average is $3.20 and its 200 day moving average is $3.15.

Seadrill (NASDAQ:SDRL) last released its earnings results on Thursday, May 26th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.12. During the same quarter in the previous year, the company posted $0.86 earnings per share. The business had revenue of $891 million for the quarter, compared to the consensus estimate of $893.48 million. The company’s revenue was down 28.4% compared to the same quarter last year. Analysts anticipate that Seadrill Ltd. will post $1.24 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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