Seadrill Ltd. (NASDAQ:SDRL)’s share price was up 4.3% during trading on Thursday . The company traded as high as $2.96 and last traded at $2.93, with a volume of 2,508,548 shares. The stock had previously closed at $2.81.

A number of equities research analysts have commented on the company. Credit Suisse Group AG reissued a “sell” rating and set a $1.00 price target on shares of Seadrill in a report on Friday, May 27th. Canaccord Genuity restated a “sell” rating on shares of Seadrill in a research report on Sunday, May 29th. 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. Zacks Investment Research lowered Seadrill from a “hold” rating to a “sell” rating in a research report on Thursday, June 2nd. Finally, Evercore ISI reiterated a “sell” rating on shares of Seadrill in a research report on Saturday, July 2nd. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Seadrill presently has a consensus rating of “Sell” and a consensus price target of $1.35.

The company has a 50-day moving average price of $3.05 and a 200 day moving average price of $3.17. The firm’s market capitalization is $1.37 billion.

Seadrill (NASDAQ:SDRL) last posted its quarterly earnings results on Thursday, May 26th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.12. The firm had revenue of $891 million for the quarter, compared to analyst estimates of $893.48 million. During the same period last year, the business posted $0.86 earnings per share. Seadrill’s revenue for the quarter was down 28.4% on a year-over-year basis. On average, analysts forecast 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.