Analyst Rating Update on Seadrill Limited (SDRL)

Seadrill Limited (SDRL) has an average broker rating of 4.17, which is interpreted as a Strong Sell, as rated by 6 equity analysts. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Seadrill Limited (SDRL) : 4 Wall Street analysts covering Seadrill Limited (SDRL) believe that the average level the stock could reach for the short term is $3.25. The maximum price target given is $6 and the minimum target for short term is around $2, hence the standard deviation is calculated at $1.91.

The shares have received a consensus rating of Sell for the current week Also, Morgan Stanley downgrades its view on Seadrill Limited (NYSE:SDRL) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. The rating by the firm was issued on July 26, 2016.


Seadrill Limited (NYSE:SDRL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.56 and $2.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.64, notching a gain of 3.13% for the day. The total traded volume was 8,025,722 . The stock had closed at $2.56 on the previous day.

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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