The stock of Seadrill Ltd (NYSE:SDRL) is a huge mover today! About 4.54M shares traded hands. Seadrill Ltd (NYSE:SDRL) has declined 44.36% since April 13, 2016 and is downtrending. It has underperformed by 48.29% the S&P500.
The move comes after 8 months positive chart setup for the $1.12B company. It was reported on Nov, 15 by Barchart.com. We have $3.72 PT which if reached, will make NYSE:SDRL worth $739.20 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 has “Neutral” rating by Seaport Global Securities given on Friday, December 18. The stock of Seadrill Ltd (NYSE:SDRL) has “Sector Perform” rating given on Tuesday, September 1 by Scotia Capital. The rating was downgraded by Morgan Stanley on Thursday, January 28 to “Equal-Weight”. The firm earned “Perform” rating on Monday, November 30 by Oppenheimer. The firm has “Buy” rating given on Wednesday, September 2 by Vetr. The stock of Seadrill Ltd (NYSE:SDRL) has “Neutral” rating given on Saturday, August 29 by Bank of America. Vetr downgraded Seadrill Ltd (NYSE:SDRL) on Thursday, August 20 to “Strong-Buy” rating. The stock has “Equal-Weight” rating given by Morgan Stanley on Tuesday, July 26. The rating was maintained by Canaccord Genuity with “Sell” on Wednesday, September 2. The rating was downgraded by Vetr to “Strong-Buy” on Friday, August 28.
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: “Will John Fredriksen Save Seadrill Ltd.?” on October 08, 2016, also Fool.com with their article: “Seadrill Ltd. Earnings: A Race Against Time” published on August 29, 2016, Fool.com published: “Seadrill Ltd. Just Got Even Riskier” on August 23, 2016. More interesting news about Seadrill Ltd (NYSE:SDRL) were released by: Fool.com and their article: “How Risky Is Seadrill Limited?” published on September 16, 2016 as well as Fool.com‘s news article titled: “Atwood Oceanics, Inc and Seadrill Ltd Spike on Reported OPEC Agreement” with publication date: September 28, 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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