Seadrill (NYSE:SDRL) Upgraded to Strong-Buy at Capital One Financial

Seadrill (NYSE:SDRL) was upgraded by equities research analysts at Capital One Financial to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on SDRL. Zacks Research upgraded Seadrill from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $41.00 to $59.00 in a report on Thursday, May 7th. BTIG Research lifted their price target on shares of Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Seadrill in a report on Thursday, April 2nd. Finally, Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Seadrill Price Performance

SDRL opened at $38.81 on Tuesday. The stock has a market cap of $2.43 billion, a P/E ratio of -34.65 and a beta of 1.27. Seadrill has a 12 month low of $27.24 and a 12 month high of $55.47. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $46.15 and a 200 day simple moving average of $42.38.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Edgestream Partners L.P. grew its holdings in shares of Seadrill by 64.0% during the first quarter. Edgestream Partners L.P. now owns 158,279 shares of the oil and gas company’s stock worth $7,202,000 after buying an additional 61,791 shares in the last quarter. California State Teachers Retirement System lifted its stake in Seadrill by 25.7% in the 1st quarter. California State Teachers Retirement System now owns 72,909 shares of the oil and gas company’s stock valued at $3,317,000 after acquiring an additional 14,901 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Seadrill by 91.9% in the 1st quarter. Quantinno Capital Management LP now owns 71,916 shares of the oil and gas company’s stock valued at $3,272,000 after acquiring an additional 34,436 shares in the last quarter. Elliott Investment Management L.P. boosted its position in Seadrill by 3.5% during the 1st quarter. Elliott Investment Management L.P. now owns 4,719,085 shares of the oil and gas company’s stock worth $214,718,000 after acquiring an additional 160,327 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Seadrill during the 1st quarter worth approximately $205,000. 95.67% of the stock is owned by institutional investors and hedge funds.

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.