Recent Analysts’ Ratings Changes for Seadrill (SDRL)

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Several analysts have recently updated their ratings and price targets for Seadrill (NASDAQ: SDRL):

9/7/2016 – Seadrill had its “sell” rating reaffirmed by analysts at Canaccord Genuity.
8/31/2016 – Seadrill had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $7.50 price target on the stock.
8/28/2016 – Seadrill was given a new $2.00 price target on by analysts at Evercore ISI. They now have a “sell” rating on the stock.
8/21/2016 – Seadrill had its “sell” rating reaffirmed by analysts at Canaccord Genuity.
7/26/2016 – Seadrill was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating.

Seadrill Ltd (NASDAQ:SDRL) opened at 2.48 on Friday. Seadrill Ltd has a 52-week low of $1.57 and a 52-week high of $7.93. The firm’s 50-day moving average is $2.74 and its 200 day moving average is $3.26. The stock’s market capitalization is $1.26 billion.

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Seadrill (NASDAQ:SDRL) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.10. The firm had revenue of $868 million for the quarter. On average, equities analysts forecast that Seadrill Ltd will post $1.27 earnings per share for the current year.
Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s 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.

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