Shares of Seadrill Ltd. (NYSE:SDRL) have been assigned a consensus recommendation of “Sell” from the sixteen analysts that are covering the stock. Ten equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $5.31.
Separately, Clarkson Capital downgraded shares of Seadrill from a “neutral” rating to a “sell” rating in a report on Wednesday, July 6th.
Shares of Seadrill (NYSE:SDRL) opened at 2.03 on Wednesday. Seadrill has a 1-year low of $1.57 and a 1-year high of $7.93. The stock’s market cap is $1.03 billion. The company has a 50 day moving average price of $2.49 and a 200 day moving average price of $3.21.
Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Seadrill by 1.0% in the first quarter. Geode Capital Management LLC now owns 374,516 shares of the company’s stock valued at $1,235,000 after buying an additional 3,624 shares during the last quarter. LPL Financial LLC raised its position in shares of Seadrill by 6.6% in the first quarter. LPL Financial LLC now owns 300,109 shares of the company’s stock valued at $894,000 after buying an additional 18,621 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Seadrill during the first quarter valued at about $141,000. Invictus RG acquired a new position in shares of Seadrill during the first quarter valued at about $237,000. Finally, Natixis raised its position in shares of Seadrill by 248.9% in the first quarter. Natixis now owns 109,686 shares of the company’s stock valued at $362,000 after buying an additional 78,247 shares during the last quarter. 35.60% of the stock is currently owned by institutional investors.
Seadrill Company Profile
Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.
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