Seadrill (SDRL) Reaches New 1-Year Low at $7.82

Seadrill Ltd (NYSE:SDRL) shares reached a new 52-week low during trading on Monday . The company traded as low as $7.82 and last traded at $8.02, with a volume of 214311 shares. The stock had previously closed at $8.08.

Separately, BTIG Research initiated coverage on shares of Seadrill in a report on Wednesday, October 24th. They issued a “buy” rating on the stock.

The company has a quick ratio of 5.09, a current ratio of 5.09 and a debt-to-equity ratio of 2.09.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Seadrill in the third quarter worth about $115,000. Vertex One Asset Management Inc. purchased a new stake in Seadrill in the third quarter worth about $206,000. Neuberger Berman Group LLC purchased a new stake in Seadrill in the third quarter worth about $280,000. FIL Ltd purchased a new stake in Seadrill in the third quarter worth about $500,000. Finally, BlackRock Inc. purchased a new stake in Seadrill in the fourth quarter worth about $312,000. Hedge funds and other institutional investors own 9.18% of the company’s stock.

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Seadrill Company Profile (NYSE:SDRL)

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Other. The Floaters segment offers drilling, completion, and maintenance services for offshore exploration and production wells.

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