Seadrill Limited (SDRL) : During the past 4 weeks, traders have been relatively bearish on Seadrill Limited (SDRL), hence the stock is down -12.55% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.33% relative to the S&P 500. The 4-week change in the price of the stock is -12.22% and the stock has fallen -0.37% in the past 1 week.
SeaDrill Limited has dropped 14.69% during the last 3-month period . Year-to-Date the stock performance stands at -19.47%. The stock has recorded a 20-day Moving Average of 5.01% and the 50-Day Moving Average is 11.76%.
Seadrill Limited (NYSE:SDRL): The stock opened at $2.78 on Friday but the bulls could not build on the opening and the stock topped out at $2.79 for the day. The stock traded down to $2.70 during the day, due to lack of any buying support eventually closed down at $2.73 with a loss of -2.15% for the day. The stock had closed at $2.79 on the previous day. The total traded volume was 4,110,138 shares.
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 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.