Shares of Seadrill Ltd (NASDAQ:SDRL) were up 4.7% during mid-day trading on Friday . The company traded as high as $2.44 and last traded at $2.44, with a volume of 2,827,373 shares changing hands. The stock had previously closed at $2.33.

A number of analysts recently issued reports on SDRL shares. Credit Suisse Group AG reissued a “sell” rating and issued a $1.00 target price on shares of Seadrill in a research report on Friday, May 27th. Canaccord Genuity reaffirmed a “sell” rating on shares of Seadrill in a research note on Sunday, May 29th. Bank of America Corp. reaffirmed a “sell” rating and set a $1.70 price objective on shares of Seadrill in a research note on Sunday, May 29th. Zacks Investment Research downgraded Seadrill from a “hold” rating to a “sell” rating in a research note on Thursday, June 2nd. Finally, Evercore ISI reaffirmed a “sell” rating on shares of Seadrill in a research note on Saturday, July 2nd. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company currently has an average rating of “Sell” and a consensus price target of $3.05.

The firm’s market capitalization is $1.23 billion. The stock has a 50-day moving average price of $2.83 and a 200 day moving average price of $3.24.

Seadrill (NASDAQ:SDRL) last announced its earnings results on Thursday, August 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.10. The business had revenue of $868 million for the quarter. On average, analysts anticipate 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.