Seadrill Ltd (NASDAQ: SDRL) was upgraded by research analysts at HSBC from a “neutral” rating to an “overweight” rating in a report released on Tuesday.

Seadrill Ltd opened at 36.82 on Tuesday. Seadrill Ltd has a 52-week low of $31.37 and a 52-week high of $41.95. The stock’s 50-day moving average is currently $38.07. The company has a market cap of $17.273 billion and a price-to-earnings ratio of 17.38.

Seadrill Ltd last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.62 by $0.58. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted ($0.23) earnings per share. Analysts expect that Seadrill Ltd will post $3.06 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein cut their price target on shares of Seadrill Ltd from $39.00 to $36.00 in a research note to investors on Monday. Separately, analysts at TheStreet downgraded shares of Seadrill Ltd from a “buy” rating to a “hold” rating in a research note to investors on Monday. Finally, analysts at BNP Paribas downgraded shares of Seadrill Ltd from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, February 12th.

Thirteen equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, twenty have assigned a hold rating, one has assigned an underweight rating, and two have issued a sell rating to the company’s stock. The company presently has a consensus rating of “overweight”.

Seadrill Limited (Seadrill) an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.

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