Seadrill Ltd. (NASDAQ:SDRL) was up 4.3% on Thursday . The company traded as high as $2.96 and last traded at $2.93, with a volume of 2,508,548 shares trading hands. The stock had previously closed at $2.81.

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

The firm’s market capitalization is $1.45 billion. The company’s 50 day moving average price is $3.09 and its 200 day moving average price is $3.17.

Seadrill (NASDAQ:SDRL) last released its quarterly earnings results on Thursday, May 26th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.12. During the same quarter last year, the business earned $0.86 EPS. The business had revenue of $891 million for the quarter, compared to the consensus estimate of $893.48 million. The company’s quarterly revenue was down 28.4% compared to the same quarter last year. Equities analysts anticipate that Seadrill Ltd. will post $1.26 EPS 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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