Seadrill Ltd (NASDAQ:SDRL) rose 4.7% during 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.

SDRL has been the subject of a number of research reports. Morgan Stanley cut Seadrill from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 26th. Zacks Investment Research raised Seadrill from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Evercore ISI set a $2.00 target price on Seadrill and gave the company a “sell” rating in a research report on Sunday, August 28th. Canaccord Genuity reaffirmed a “sell” rating on shares of Seadrill in a research report on Sunday, August 21st. Finally, Bank of America Corp. reaffirmed a “sell” rating and set a $1.70 target price on shares of Seadrill in a research report on Sunday, May 29th. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company has a consensus rating of “Sell” and an average target price of $3.05.

The firm’s market cap is $1.23 billion. The firm has a 50-day moving average of $2.81 and a 200-day moving average of $3.24.

Seadrill (NASDAQ:SDRL) last released its quarterly earnings results on Thursday, August 25th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $868 million for the quarter. Equities analysts expect that Seadrill Ltd will post $1.24 EPS 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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