Seadrill (NYSE:SDRL) Reaches New 52-Week High – Should You Buy?

Seadrill Limited (NYSE:SDRL) reached a new 52-week high during trading on Tuesday . The stock traded as high as $45.90 and last traded at $44.1320, with a volume of 1059519 shares trading hands. The stock had previously closed at $44.21.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research cut shares of Seadrill from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Dnb Carnegie upgraded shares of Seadrill to a “strong-buy” rating in a research report on Tuesday, November 4th. BWS Financial reiterated a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a report on Friday, January 23rd. BTIG Research boosted their target price on Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Finally, Weiss Ratings cut Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Seadrill has a consensus rating of “Hold” and an average target price of $44.80.

Seadrill Trading Down 0.2%

The stock has a market cap of $2.75 billion, a PE ratio of 95.94 and a beta of 1.53. The company’s 50-day moving average price is $36.96 and its 200 day moving average price is $33.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.89 and a current ratio of 1.89.

Institutional Trading of Seadrill

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in Seadrill in the 2nd quarter valued at about $27,000. EverSource Wealth Advisors LLC acquired a new position in shares of Seadrill in the 2nd quarter worth approximately $42,000. Aquatic Capital Management LLC purchased a new position in shares of Seadrill during the 3rd quarter worth approximately $44,000. CIBC Private Wealth Group LLC acquired a new stake in Seadrill in the 3rd quarter valued at approximately $61,000. Finally, Farther Finance Advisors LLC raised its position in Seadrill by 19.7% in the third quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 343 shares during the period. 95.67% of the stock is 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.