Seadrill’s (SDRL) Buy Rating Reiterated at BWS Financial

BWS Financial reiterated their buy rating on shares of Seadrill (NYSE:SDRL) in a research note released on Tuesday,Benzinga reports. BWS Financial currently has a $80.00 target price on the oil and gas company’s stock.

Several other research firms have also recently weighed in on SDRL. Weiss Ratings restated a “sell (d+)” rating on shares of Seadrill in a research report on Thursday, April 2nd. Barclays raised their price objective on shares of Seadrill from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. BTIG Research raised their price objective on shares of Seadrill from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Wall Street Zen upgraded shares of Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Zacks Research cut shares of Seadrill from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Seadrill currently has a consensus rating of “Hold” and a consensus target price of $48.00.

Seadrill Trading Down 1.4%

SDRL opened at $47.63 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.97 billion, a PE ratio of -38.41 and a beta of 1.31. Seadrill has a 1-year low of $18.11 and a 1-year high of $48.99. The firm has a 50-day moving average price of $43.48 and a two-hundred day moving average price of $36.14.

Seadrill (NYSE:SDRL) last posted its quarterly earnings data on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $362.00 million during the quarter, compared to analysts’ expectations of $335.36 million. Seadrill had a negative net margin of 5.36% and a negative return on equity of 2.07%. As a group, equities analysts anticipate that Seadrill will post 1.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Seadrill

Several institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Seadrill during the 4th quarter worth approximately $244,000. Elliott Investment Management L.P. boosted its stake in Seadrill by 23.1% during the 4th quarter. Elliott Investment Management L.P. now owns 4,558,758 shares of the oil and gas company’s stock worth $157,733,000 after acquiring an additional 855,012 shares during the last quarter. Empowered Funds LLC boosted its stake in Seadrill by 35.1% during the 4th quarter. Empowered Funds LLC now owns 285,631 shares of the oil and gas company’s stock worth $9,883,000 after acquiring an additional 74,250 shares during the last quarter. SummitTX Capital L.P. boosted its stake in Seadrill by 2,972.8% during the 4th quarter. SummitTX Capital L.P. now owns 312,385 shares of the oil and gas company’s stock worth $10,809,000 after acquiring an additional 302,219 shares during the last quarter. Finally, Odyssean LLC bought a new position in Seadrill during the 4th quarter worth approximately $282,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

About Seadrill

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.