Seadrill Limited (SDRL) : 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Seadrill Limited (SDRL). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Sell with a rating of 3.71.
Seadrill Limited (SDRL) : Average target price received by Seadrill Limited (SDRL) is $3.2 with an expected standard deviation of $1.66. The most aggressive target on the stock is $6, whereas the most downbeat target is $2. 5 financial analysts are currently covering the stock.
Seadrill Limited (NYSE:SDRL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.05 and $3.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.18, notching a gain of 1.60% for the day. The total traded volume was 12,694,139 . The stock had closed at $3.13 on the previous day.
The company shares have dropped -66.98% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $13.97 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $3.31 and the 200 Day Moving Average price is recorded at $3.16.
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.