Price Target Update on Seadrill Limited (NYSE:SDRL)

Seadrill Limited (NYSE:SDRL) : 5 investment research analysts covering Seadrill Limited (NYSE:SDRL) have an average price target of $3.2 for the near short term. The highest target price given by the Brokerage Firm to the stock is $6 and the lowest target is $2 for the short term. Analysts expect the variance to be within $1.66 of the average price.

Other Equity analysts have also commented on the company shares. Morgan Stanley downgrades its rating on Seadrill Limited (NYSE:SDRL). Analysts at the Morgan Stanley have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on January 28, 2016.

Seadrill Limited (NYSE:SDRL): stock turned positive on Thursday. Though the stock opened at $3.48, the bulls momentum made the stock top out at $3.54 level for the day. The stock recorded a low of $3.41 and closed the trading day at $3.41, in the green by 0.89%. The total traded volume for the day was 9,516,991. The stock had closed at $3.38 in the previous days trading.

The company shares have dropped -67.87% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $10.85 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $3.46 and the 200 Day Moving Average price is recorded at $3.23.

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.

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