Seadrill Limited (SDRL) : The consensus on Seadrill Limited (SDRL) based on 6 analyst recommendation on the company stock is 4.17, which is interpreted as a Strong Sell recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Seadrill Limited (SDRL).
Seadrill Limited (SDRL) : Currently there are 4 street experts covering Seadrill Limited (SDRL) stock. The most bullish and bearish price target for the stock is $5 and $2 respectively for the short term. The average price target of all the analysts comes to $2.93. The estimated standard deviation from the target is $1.49.
Also, Brokerage firm Morgan Stanley downgrades its rating on Seadrill Limited (NYSE:SDRL). The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on July 26, 2016.
Seadrill Limited (NYSE:SDRL): After opening at $2.08, the stock dipped to an intraday low of $2.04 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $2.17 and the buying power remained strong till the end. The stock closed at $2.14 for the day, a gain of 3.38% for the day session. The total traded volume was 6,968,041. The stocks close on the previous trading day was $2.07.
Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Companys primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow and deep water areas, as well as benign and harsh environments. The Company has three operating segments: Floaters, Jack-ups rigs and Other. The Companys Floaters segment includes drillships and semi-submersible rigs. The Companys Jack-ups rigs segment includes jack-up rigs. The Companys Other segment consists primarily of rig management services. The Company, through its subsidiaries, owns and operates its offshore drilling units and makes investments in other offshore drilling and oil services companies. Its subsidiaries include North Atlantic Drilling Ltd, Sevan Drilling ASA and Asia Offshore Drilling. It owns and operates approximately 43 offshore drilling units and has 16 offshore drilling units under construction.