Brokerage Firm Rating Update on Seadrill Limited (SDRL)

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.

Seadrill Limited (SDRL) : The most positive equity analysts on Seadrill Limited (SDRL) expects the shares to touch $5, whereas, the least positive believes that the stock will trade at $2 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $2.93 with an expected fluctuation of $1.49 from the mean.


The shares have received a consensus rating of Sell for the current week Also, Major Brokerage house, Morgan Stanley downgrades its ratings on Seadrill Limited (NYSE:SDRL). According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on July 26, 2016.

Seadrill Limited (NYSE:SDRL): stock was range-bound between the intraday low of $2.4 and the intraday high of $2.5 after having opened at $2.48 on Wednesdays session. The stock finally closed in the red at $2.48, a loss of -1.64%. The stock remained in the red for the whole trading day. The total traded volume was 2,935,575 shares. The stock failed to cross $2.5 in Wednesdays trading. The stocks closing price on Thursday was $2.44.

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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