Stock Buzzer: After Today’s Significant Increase, Is Seadrill Ltd’s Near-Term Analysis Positive?

Stock Buzzer: After Today's Significant Increase, Is Seadrill Ltd's Near Term Analysis Positive?

The stock of Seadrill Ltd (NYSE:SDRL) is a huge mover today! The stock last traded at $2.47 per share. It is down 38.25% since March 11, 2016 and is downtrending. It has underperformed by 43.71% the S&P500.
The move comes after 6 months positive chart setup for the $1.21B company. It was reported on Oct, 14 by We have $4.03 PT which if reached, will make NYSE:SDRL worth $762.30 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. Seadrill has been the topic of 20 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm earned “Underweight” rating on Friday, January 15 by JP Morgan. The stock has “Equal-Weight” rating given by Morgan Stanley on Tuesday, July 26. Credit Suisse downgraded the stock to “Underperform” rating in Thursday, September 3 report. The rating was downgraded by Oppenheimer on Monday, November 30 to “Perform”. Vetr downgraded it to “Strong-Buy” rating and $7.92 target price in Thursday, August 20 report. The stock of Seadrill Ltd (NYSE:SDRL) earned “Sector Perform” rating by Howard Weil on Tuesday, September 1. On Saturday, August 29 the stock rating was maintained by Bank of America with “Neutral”. Vetr downgraded the shares of SDRL in a report on Wednesday, September 2 to “Buy” rating. Vetr upgraded Seadrill Ltd (NYSE:SDRL) rating on Monday, August 31. Vetr has “Buy” rating and $12.26 price target. The stock of Seadrill Ltd (NYSE:SDRL) earned “Underweight” rating by JP Morgan on Monday, January 18.

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: “Will John Fredriksen Save Seadrill Ltd.?” on October 08, 2016, also with their article: “Seadrill Ltd. Stock Up 29% on Debt Rumors: Here’s What You Need to Know” published on October 04, 2016, published: “Atwood Oceanics, Inc and Seadrill Ltd Spike on Reported OPEC Agreement” on September 28, 2016. More interesting news about Seadrill Ltd (NYSE:SDRL) were released by: and their article: “Petrobras’ 25% Spending Cut Might Not Be Bad for Seadrill Ltd After All” published on September 22, 2016 as well as‘s news article titled: “Seadrill Limited: Game Changer?” with publication date: September 29, 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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