Price Action Report: How Analysts Feel About Seadrill Ltd After Today’s Big Increase?

Price Action Report: How Analysts Feel About Seadrill Ltd After Today's Big Increase?

The stock of Seadrill Ltd (NYSE:SDRL) is a huge mover today! About 31.58 million shares traded hands or 335.59% up from the average. Seadrill Ltd (NYSE:SDRL) has declined 6.11% since March 1, 2016 and is downtrending. It has underperformed by 15.36% the S&P500.
The move comes after 7 months positive chart setup for the $1.33 billion company. It was reported on Oct, 4 by We have $3.35 PT which if reached, will make NYSE:SDRL worth $266.00 million more.

Seadrill Ltd (NYSE:SDRL) Ratings Coverage

Out of 9 analysts covering Seadrill (NYSE:SDRL), 2 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 22% are positive. $13 is the highest target while $5 is the lowest. The $8.77 average target is 214.34% above today’s ($2.79) stock price. Seadrill has been the topic of 20 analyst reports since August 20, 2015 according to StockzIntelligence Inc. Morgan Stanley downgraded the shares of SDRL in a report on Thursday, January 28 to “Equal-Weight” rating. Vetr upgraded Seadrill Ltd (NYSE:SDRL) rating on Monday, August 31. Vetr has “Buy” rating and $12.26 price target. JP Morgan initiated Seadrill Ltd (NYSE:SDRL) on Friday, January 15 with “Underweight” rating. Morgan Stanley downgraded the shares of SDRL in a report on Tuesday, July 26 to “Equal-Weight” rating. On Saturday, August 29 the stock rating was maintained by Bank of America with “Neutral”. The stock of Seadrill Ltd (NYSE:SDRL) has “Perform” rating given on Monday, November 30 by Oppenheimer. The rating was maintained by Canaccord Genuity on Wednesday, September 2 with “Sell”. The stock has “Sector Perform” rating given by Scotia Capital on Tuesday, September 1. Credit Suisse downgraded Seadrill Ltd (NYSE:SDRL) rating on Thursday, September 3. Credit Suisse has “Underperform” rating and $5 price target. Vetr downgraded Seadrill Ltd (NYSE:SDRL) on Friday, August 28 to “Strong-Buy” rating.

According to Zacks Investment Research, “Seadrill Limited is an international offshore drilling contractor providing drilling and well services. Seadrill’s versatile fleet includes harsh-environment semi-submersibles, jack-ups, shallow and deep water tender rigs and deepwater drill ships. In addition, the Company provides platform drilling, well intervention and engineering services. Seadrill Limited is based in Hamilton, Bermuda.”

More notable recent Seadrill Ltd (NYSE:SDRL) news were published by: which released: “Atwood Oceanics, Inc and Seadrill Ltd Spike on Reported OPEC Agreement” on September 28, 2016, also with their article: “Seadrill Limited: Game Changer?” published on September 29, 2016, published: “Petrobras’ 25% Spending Cut Might Not Be Bad for Seadrill Ltd After All” on September 22, 2016. More interesting news about Seadrill Ltd (NYSE:SDRL) were released by: and their article: “Seadrill Is Soaring, Thanks To OPEC – What’s Next?” published on October 02, 2016 as well as‘s news article titled: “Seadrill Ltd. – 10-20% Downside?” with publication date: September 15, 2016.

SDRL Company Profile

Seadrill Limited, incorporated on May 10, 2005, is an offshore drilling contractor providing offshore drilling services to the gas and oil industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for activities in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments. The Company’s divisions are Floaters and Jack-ups. The Firm offers services encompassing drilling, completion and maintenance of offshore exploration and production wells.

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