The stock of Seadrill Ltd (NYSE:SDRL) is a huge mover today! The stock increased 9.60% or $0.24 on November 23, hitting $2.74. About 21.83 million shares traded hands or 210.09% up from the average. Seadrill Ltd (NYSE:SDRL) has declined 32.01% since April 22, 2016 and is downtrending. It has underperformed by 37.42% the S&P500.
The move comes after 7 months positive chart setup for the $1.44 billion company. It was reported on Nov, 24 by Barchart.com. We have $2.93 PT which if reached, will make NYSE:SDRL worth $100.80M 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 220.07% above today’s ($2.74) stock price. Seadrill has been the topic of 20 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm earned “Equal-Weight” rating on Thursday, January 28 by Morgan Stanley. The rating was initiated by JP Morgan on Monday, January 18 with “Underweight”. The firm has “Underperform” rating given on Thursday, September 3 by Credit Suisse. Scotia Capital maintained Seadrill Ltd (NYSE:SDRL) rating on Tuesday, September 1. Scotia Capital has “Sector Perform” rating and $11 price target. The stock of Seadrill Ltd (NYSE:SDRL) earned “Strong-Buy” rating by Vetr on Thursday, August 20. As per Friday, January 15, the company rating was initiated by JP Morgan. The rating was maintained by Canaccord Genuity on Wednesday, September 2 with “Sell”. Vetr downgraded the shares of SDRL in a report on Friday, August 28 to “Strong-Buy” rating. On Monday, August 31 the stock rating was upgraded by Vetr to “Buy”. The firm has “Equal-Weight” rating given on Tuesday, July 26 by Morgan Stanley.
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.”
Another recent and important Seadrill Ltd (NYSE:SDRL) news was published by Fool.com which published an article titled: “Here’s Why Seadrill Ltd Stock Went Up 30% — Then Down 25% — in October” on November 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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