Shares of Seadrill Ltd (NASDAQ:SDRL) were up 47.4% during trading on Monday . The stock traded as high as $0.36 and last traded at $0.28. Approximately 39,422,467 shares traded hands during mid-day trading, an increase of 450% from the average daily volume of 7,172,480 shares. The stock had previously closed at $0.19.

Several analysts have commented on SDRL shares. Societe Generale lowered shares of Seadrill from a “hold” rating to a “sell” rating in a research report on Wednesday, May 31st. Zacks Investment Research raised shares of Seadrill from a “hold” rating to a “buy” rating and set a $0.50 price objective on the stock in a research report on Tuesday, June 20th. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The stock has a consensus rating of “Sell” and a consensus target price of $0.75.

The company has a 50 day moving average of $0.32 and a 200 day moving average of $0.70. The company’s market cap is $161.98 million.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Seadrill by 2.1% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 396,276 shares of the company’s stock valued at $143,000 after acquiring an additional 8,067 shares during the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of Seadrill during the 2nd quarter valued at about $196,000. LMR Partners LLP boosted its holdings in shares of Seadrill by 2,004.1% during the 2nd quarter. LMR Partners LLP now owns 1,597,477 shares of the company’s stock valued at $576,000 after acquiring an additional 1,521,556 shares during the last quarter. Shah Capital Management boosted its holdings in shares of Seadrill by 36.3% during the 2nd quarter. Shah Capital Management now owns 7,089,967 shares of the company’s stock valued at $2,556,000 after acquiring an additional 1,887,000 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Seadrill by 23.7% during the 2nd quarter. Van ECK Associates Corp now owns 7,128,920 shares of the company’s stock valued at $2,571,000 after acquiring an additional 1,366,977 shares during the last quarter.

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Seadrill Company Profile

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-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.

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