Seadrill Ltd. (NASDAQ:SDRL) shares traded up 3.7% during mid-day 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 traded. The stock had previously closed at $2.73.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Seadrill from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Evercore ISI reiterated 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 objective on shares of Seadrill in a research note on Sunday, May 29th. Canaccord Genuity reissued a “sell” rating on shares of Seadrill in a research note on Sunday, May 29th. Finally, Credit Suisse Group AG reissued a “sell” rating and issued a $1.00 price objective on shares of Seadrill in a research note on Friday, May 27th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and an average target price of $1.35.

The company has a 50 day moving average price of $2.98 and a 200-day moving average price of $3.20. The stock’s market cap is $1.37 billion.

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