Seadrill Ltd. (NASDAQ:SDRL) shares fell 1.1% during trading on Monday . The stock traded as low as $2.53 and last traded at $2.58, with a volume of 2,165,120 shares changing hands. The stock had previously closed at $2.61.

Several research firms recently commented on SDRL. Evercore ISI set a $2.00 price target on shares of Seadrill and gave the company a “sell” rating in a report on Sunday. Canaccord Genuity restated a “sell” rating on shares of Seadrill in a report on Sunday, August 21st. Morgan Stanley lowered shares of Seadrill from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 26th. Zacks Investment Research upgraded shares of Seadrill from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. Finally, Bank of America Corp. reiterated a “sell” rating and set a $1.70 price objective on shares of Seadrill in a research note on Sunday, May 29th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Sell” and an average target price of $1.57.

The stock’s market cap is $1.31 billion. The stock’s 50 day moving average price is $2.91 and its 200-day moving average price is $3.22.

Seadrill (NASDAQ:SDRL) last posted its quarterly earnings data on Thursday, August 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.10. The company had revenue of $868 million for the quarter. Equities research analysts forecast that Seadrill Ltd. will post $1.24 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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