Seadrill Limited (SDRL) : During the past 4 weeks, traders have been relatively bearish on Seadrill Limited (SDRL), hence the stock is down -8.51% 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 -4.11% relative to the S&P 500. The 4-week change in the price of the stock is -6.23% and the stock has fallen -3.7% in the past 1 week.
Seadrill Limited (NYSE:SDRL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.82 and $2.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.86, notching a gain of 4.00% for the day. The total traded volume was 4,080,358 . The stock had closed at $2.75 on the previous day.
The stock has recorded a 20-day Moving Average of 5.47% and the 50-Day Moving Average is 10.4%. SeaDrill Limited has dropped 27.41% during the last 3-month period . Year-to-Date the stock performance stands at -15.63%.
Seadrill Limited (SDRL) : The most positive equity analysts on Seadrill Limited (SDRL) expects the shares to touch $6, 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 $3.25 with an expected fluctuation of $1.91 from the mean.
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.