The stock of Seadrill Ltd (NYSE:SDRL) is a huge mover today! About 3.01 million shares traded hands. Seadrill Ltd (NYSE:SDRL) has declined 54.61% since March 4, 2016 and is downtrending. It has underperformed by 62.65% the S&P500.
The move comes after 6 months negative chart setup for the $1.31B company. It was reported on Oct, 7 by Barchart.com. We have $2.48 PT which if reached, will make NYSE:SDRL worth $65.50M less.
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. Seadrill has been the topic of 20 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, January 15 by JP Morgan. The stock has “Neutral” rating given by Bank of America on Saturday, August 29. The rating was maintained by Howard Weil with “Sector Perform” on Tuesday, September 1. Canaccord Genuity maintained the shares of SDRL in a report on Wednesday, September 2 with “Sell” rating. The rating was downgraded by Seaport Global Securities to “Neutral” on Friday, December 18. The firm earned “Equal-Weight” rating on Thursday, January 28 by Morgan Stanley. On Wednesday, September 2 the stock rating was downgraded by Vetr to “Buy”. Vetr upgraded Seadrill Ltd (NYSE:SDRL) on Monday, August 31 to “Buy” rating. The stock has “Sector Perform” rating given by Scotia Capital on Tuesday, September 1. Morgan Stanley downgraded Seadrill Ltd (NYSE:SDRL) on Tuesday, July 26 to “Equal-Weight” 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: Fool.com which released: “Atwood Oceanics, Inc and Seadrill Ltd Spike on Reported OPEC Agreement” on September 28, 2016, also Fool.com with their article: “Petrobras’ 25% Spending Cut Might Not Be Bad for Seadrill Ltd After All” published on September 22, 2016, Seekingalpha.com published: “Seadrill Limited: Game Changer?” on September 29, 2016. More interesting news about Seadrill Ltd (NYSE:SDRL) were released by: Seekingalpha.com and their article: “Seadrill Is Soaring, Thanks To OPEC – What’s Next?” published on October 02, 2016 as well as Investorplace.com‘s news article titled: “Seadrill Ltd (SDRL) Stock Might Be Screwed” with publication date: September 27, 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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