Seadrill (NASDAQ:SDRL) was downgraded by stock analysts at Nordea Equity Research from a “hold” rating to a “sell” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
Seadrill (NASDAQ:SDRL) opened at 38.44 on Friday. Seadrill has a one year low of $32.40 and a one year high of $48.09. The stock’s 50-day moving average is $35.26 and its 200-day moving average is $37.3. The company has a market cap of $18.033 billion and a price-to-earnings ratio of 3.50.
Seadrill (NASDAQ:SDRL) last announced its earnings results on Wednesday, May 28th. The company reported $6.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $5.55. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted $0.72 earnings per share. Seadrill’s revenue was down 3.5% compared to the same quarter last year. On average, analysts predict that Seadrill will post $3.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 19th. Shareholders of record on Thursday, June 12th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 10.41%. The ex-dividend date of this dividend is Tuesday, June 10th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Howard Weil cut their price target on shares of Seadrill from $50.00 to $44.00 in a research note on Thursday, May 29th. They now have a “sector perform” rating on the stock. Separately, analysts at Zacks upgraded shares of Seadrill from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $36.40 price target on the stock. Finally, analysts at Bank of America downgraded shares of Seadrill from a “buy” rating to a “neutral” rating in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. Seadrill has a consensus rating of “Hold” and an average price target of $43.45.
Seadrill Limited an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.
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