Seadrill Limited (NYSE:SDRL) Stock Has Consensus Target Price of $59.40

Shares of Seadrill Limited (NYSE:SDRL) have received an average rating of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $59.40.

Several brokerages have recently issued reports on SDRL. Citigroup reissued a “neutral” rating on shares of Seadrill in a research report on Monday, September 7th. Weiss Ratings upgraded Seadrill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. Capital One Financial set a $55.00 price target on Seadrill and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. BWS Financial reiterated a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a report on Wednesday. Finally, Zacks Research lowered Seadrill from a “strong-buy” rating to a “hold” rating in a research report on Wednesday.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Contravisory Investment Management Inc. boosted its stake in Seadrill by 16.0% during the third quarter. Contravisory Investment Management Inc. now owns 7,985 shares of the oil and gas company’s stock worth $357,000 after acquiring an additional 1,103 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Seadrill by 38.2% during the third quarter. GAMMA Investing LLC now owns 2,523 shares of the oil and gas company’s stock valued at $113,000 after purchasing an additional 698 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Seadrill by 137.1% during the third quarter. Farther Finance Advisors LLC now owns 17,519 shares of the oil and gas company’s stock valued at $783,000 after purchasing an additional 10,129 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Seadrill by 7.2% during the second quarter. Engineers Gate Manager LP now owns 23,772 shares of the oil and gas company’s stock valued at $899,000 after purchasing an additional 1,592 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Seadrill during the second quarter valued at approximately $92,000. 95.67% of the stock is currently owned by institutional investors.

Seadrill Trading Up 1.9%

Shares of SDRL traded up $0.87 during trading hours on Friday, reaching $47.16. 590,591 shares of the company traded hands, compared to its average volume of 604,451. Seadrill has a 12 month low of $28.10 and a 12 month high of $55.47. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average price is $47.11 and its two-hundred day moving average price is $45.79. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 1,572.13 and a beta of 1.25.

Seadrill (NYSE:SDRL) last released its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.18. The company had revenue of $430.00 million during the quarter, compared to the consensus estimate of $388.46 million. Seadrill had a net margin of 0.07% and a return on equity of 0.64%. Equities research analysts predict that Seadrill will post 0.98 earnings per share for the current fiscal year.

Seadrill Company Profile

Seadrill Limited is an offshore drilling contractor that provides drilling services to oil and gas companies worldwide. The company operates and manages offshore drilling units, including drillships and semisubmersible rigs, used to explore for and develop oil and natural gas resources in deepwater and other challenging marine environments.

Its services include contract drilling, rig operations, well construction support and related offshore services. Seadrill’s fleet is designed to serve a range of offshore projects, with operations and contract activity spanning major energy-producing regions such as the Gulf of Mexico, Brazil, the North Sea, West Africa and other international markets.

Seadrill was founded in 2005 and has expanded through fleet development, acquisitions and strategic transactions.