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 $2.93. The maximum price target given is $5 and the minimum target for short term is around $2, hence the standard deviation is calculated at $1.49.
Seadrill Limited (SDRL) : Zacks Investment Research ranks Seadrill Limited (SDRL) as 3, which is a Hold recommendation. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 4.17, which indicates as a Strong Sell.
Also, In a research note released to the investors, Morgan Stanley downgrades its rating on Seadrill Limited (NYSE:SDRL).The analysts at the brokerage house have a current rating of Equal-weight on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on July 26, 2016.
Seadrill Limited (NYSE:SDRL): The stock opened at $2.40 on Thursday but the bulls could not build on the opening and the stock topped out at $2.42 for the day. The stock traded down to $2.31 during the day, due to lack of any buying support eventually closed down at $2.33 with a loss of -3.32% for the day. The stock had closed at $2.41 on the previous day. The total traded volume was 5,724,764 shares.
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.