BWS Financial Reiterates Buy Rating for Seadrill (NYSE:SDRL)

Seadrill (NYSE:SDRL)‘s stock had its “buy” rating reaffirmed by investment analysts at BWS Financial in a research note issued on Monday,Benzinga reports. They presently have a $80.00 price objective on the oil and gas company’s stock. BWS Financial’s price objective suggests a potential upside of 104.79% from the company’s current price.

A number of other analysts have also weighed in on SDRL. Weiss Ratings reissued a “sell (d+)” rating on shares of Seadrill in a report on Thursday, April 2nd. Wall Street Zen upgraded Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup lifted their target price on Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Fearnley Fonds upgraded Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, BTIG Research upped their price target on Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Seadrill presently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Seadrill Price Performance

Seadrill stock traded up $0.03 on Monday, reaching $39.06. The company’s stock had a trading volume of 391,406 shares, compared to its average volume of 844,781. The business’s fifty day moving average price is $46.64 and its 200 day moving average price is $42.26. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market cap of $2.44 billion, a price-to-earnings ratio of -34.85 and a beta of 1.19. Seadrill has a twelve month low of $25.73 and a twelve month high of $55.47.

Seadrill (NYSE:SDRL) last released its quarterly earnings results on Monday, May 11th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). Seadrill had a negative net margin of 4.79% and a negative return on equity of 1.84%. The business had revenue of $358.00 million during the quarter, compared to the consensus estimate of $326.75 million. Equities analysts expect that Seadrill will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Seadrill

Several institutional investors and hedge funds have recently modified their holdings of SDRL. American Century Companies Inc. lifted its stake in Seadrill by 64.4% in the third quarter. American Century Companies Inc. now owns 884,430 shares of the oil and gas company’s stock valued at $26,719,000 after buying an additional 346,409 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Seadrill during the third quarter worth $758,000. Fluent Financial LLC acquired a new stake in shares of Seadrill during the fourth quarter worth $2,360,000. Hosking Partners LLP lifted its position in Seadrill by 14.6% in the 4th quarter. Hosking Partners LLP now owns 714,150 shares of the oil and gas company’s stock valued at $24,710,000 after acquiring an additional 91,175 shares in the last quarter. Finally, Citigroup Inc. lifted its position in Seadrill by 390.8% in the 3rd quarter. Citigroup Inc. now owns 143,224 shares of the oil and gas company’s stock valued at $4,327,000 after acquiring an additional 114,043 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Seadrill Company Profile

Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.