Seadrill Ltd. (NASDAQ:SDRL) was up 6.4% during mid-day trading on Thursday . The company traded as high as $2.82 and last traded at $2.81, with a volume of 4,336,678 shares traded. The stock had previously closed at $2.64.

A number of equities research analysts recently issued reports on SDRL shares. Evercore ISI reiterated a “sell” rating on shares of Seadrill in a report on Saturday, July 2nd. Zacks Investment Research cut shares of Seadrill from a “hold” rating to a “sell” rating in a report on Thursday, June 2nd. Morgan Stanley cut shares of Seadrill from an “overweight” rating to an “equal weight” rating in a report on Tuesday, July 26th. Credit Suisse Group AG reiterated a “sell” rating and issued a $1.00 price objective on shares of Seadrill in a report on Friday, May 27th. Finally, Canaccord Genuity reiterated a “sell” rating on shares of Seadrill in a report on Sunday, May 29th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Seadrill has an average rating of “Sell” and a consensus target price of $1.35.

The stock’s market capitalization is $1.38 billion. The firm has a 50-day moving average price of $3.15 and a 200-day moving average price of $3.15.

Seadrill (NASDAQ:SDRL) last posted its earnings results on Thursday, May 26th. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.12. The business had revenue of $891 million for the quarter, compared to the consensus estimate of $893.48 million. During the same quarter in the previous year, the business posted $0.86 EPS. The business’s revenue for the quarter was down 28.4% on a year-over-year basis. On average, equities research analysts expect that Seadrill Ltd. will post $1.24 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.

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