Seadrill Ltd (NASDAQ:SDRL)’s share price gapped down before the market opened on Monday . The stock had previously closed at $0.26, but opened at $0.27. Seadrill shares last traded at $0.26, with a volume of 970,569 shares traded.
Separately, Zacks Investment Research lowered shares of Seadrill from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.
The company has a 50 day moving average price of $0.32 and a 200 day moving average price of $0.41. The company’s market cap is $126.36 million.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in Seadrill by 23.7% during the second quarter. Van ECK Associates Corp now owns 7,128,920 shares of the company’s stock worth $2,571,000 after acquiring an additional 1,366,977 shares in the last quarter. Shah Capital Management boosted its stake in Seadrill by 36.3% during the second quarter. Shah Capital Management now owns 7,089,967 shares of the company’s stock worth $2,556,000 after acquiring an additional 1,887,000 shares in the last quarter. LMR Partners LLP boosted its stake in Seadrill by 2,004.1% during the second quarter. LMR Partners LLP now owns 1,597,477 shares of the company’s stock worth $576,000 after acquiring an additional 1,521,556 shares in the last quarter. OxFORD Asset Management LLP bought a new position in Seadrill during the second quarter worth $196,000. Finally, Canada Pension Plan Investment Board boosted its stake in Seadrill by 152.2% during the third quarter. Canada Pension Plan Investment Board now owns 530,190 shares of the company’s stock worth $180,000 after acquiring an additional 319,999 shares in the last quarter.
COPYRIGHT VIOLATION NOTICE: This story was first published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.com-unik.info/2017/11/01/seadrill-ltd-sdrl-shares-gap-down-to-0-27.html.
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-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.
What are top analysts saying about Seadrill Ltd? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Seadrill Ltd and related companies.