Seadrill Ltd. (NASDAQ:SDRL) traded up 3.7% during trading on Thursday . The company traded as high as $2.88 and last traded at $2.83, with a volume of 4,115,778 shares trading hands. The stock had previously closed at $2.73.

A number of equities research analysts recently commented on the company. Zacks Investment Research raised Seadrill from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Evercore ISI reissued a “sell” rating on shares of Seadrill in a research report on Saturday, July 2nd. 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. Canaccord Genuity reissued a “sell” rating on shares of Seadrill in a research report on Sunday, May 29th. Finally, 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. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock has an average rating of “Sell” and an average price target of $1.35.

The stock’s 50 day moving average is $3.01 and its 200 day moving average is $3.20. The firm’s market capitalization is $1.40 billion.

Seadrill (NASDAQ:SDRL) last issued its quarterly earnings data on Thursday, May 26th. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.12. The firm earned $891 million during the quarter, compared to analysts’ expectations of $893.48 million. The business’s revenue was down 28.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 EPS. On average, equities research analysts predict that Seadrill Ltd. will post $1.27 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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