Shares of Seadrill Ltd. (NASDAQ:SDRL) saw an uptick in trading volume on Monday . 5,596,300 shares changed hands during trading, a decline of 12% from the previous session’s volume of 6,329,940 shares.The stock last traded at $2.58 and had previously closed at $2.73.

Several brokerages recently weighed in on SDRL. 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. Zacks Investment Research upgraded Seadrill from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. 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. Finally, Morgan Stanley downgraded Seadrill from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, July 26th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company presently has an average rating of “Sell” and a consensus target price of $1.35.

The company’s 50-day moving average is $2.96 and its 200-day moving average is $3.22. The stock’s market capitalization is $1.31 billion.

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