The stock of Seadrill Ltd (NYSE:SDRL) is a huge mover today! About 13.66M shares traded hands or 83.60% up from the average. Seadrill Ltd (NYSE:SDRL) has declined 44.94% since April 27, 2016 and is downtrending. It has underperformed by 50.17% the S&P500.
The move comes after 5 months positive chart setup for the $1.42B company. It was reported on Nov, 30 by Barchart.com. We have $3.12 PT which if reached, will make NYSE:SDRL worth $113.60 million more.
Seadrill Ltd (NYSE:SDRL) Ratings Coverage
Out of 9 analysts covering Seadrill (NYSE:SDRL), 2 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 22% are positive. Seadrill has been the topic of 20 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, November 30 by Oppenheimer. The stock has “Equal-Weight” rating given by Morgan Stanley on Thursday, January 28. On Friday, December 18 the stock rating was downgraded by Seaport Global Securities to “Neutral”. JP Morgan initiated the shares of SDRL in a report on Monday, January 18 with “Underweight” rating. Canaccord Genuity maintained the stock with “Sell” rating in Wednesday, September 2 report. The firm earned “Neutral” rating on Saturday, August 29 by Bank of America. Vetr upgraded the stock to “Buy” rating in Monday, August 31 report. The firm earned “Buy” rating on Wednesday, September 2 by Vetr. Scotia Capital maintained Seadrill Ltd (NYSE:SDRL) rating on Tuesday, September 1. Scotia Capital has “Sector Perform” rating and $11 price target. The stock has “Underweight” rating given by JP Morgan on Friday, January 15.
According to Zacks Investment Research, “Seadrill Limited is an international offshore drilling contractor providing drilling and well services. Seadrill’s versatile fleet includes harsh-environment semi-submersibles, jack-ups, shallow and deep water tender rigs and deepwater drill ships. In addition, the Company provides platform drilling, well intervention and engineering services. Seadrill Limited is based in Hamilton, Bermuda.”
More news for Seadrill Ltd (NYSE:SDRL) were recently published by: Fool.com, which released: “Here’s Why Seadrill Ltd Stock Went Up 30% — Then Down 25% — in October” on November 15, 2016. Seekingalpha.com‘s article titled: “Why Seadrill’s Recovery Is Set To Continue” and published on November 27, 2016 is yet another important article.
SDRL Company Profile
Seadrill Limited, incorporated on May 10, 2005, is an offshore drilling contractor providing offshore drilling services to the gas and oil industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for activities in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments. The Company’s divisions are Floaters and Jack-ups. The Firm offers services encompassing drilling, completion and maintenance of offshore exploration and production wells.
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