Seadrill Ltd (NYSE:SDRL) fell 7.5% on Wednesday . The stock traded as low as $3.03 and last traded at $3.20. 962,679 shares were traded during mid-day trading, an increase of 54% from the average session volume of 623,534 shares. The stock had previously closed at $3.46.
The company has a debt-to-equity ratio of 2.46, a quick ratio of 3.23 and a current ratio of 3.23.
Seadrill (NYSE:SDRL) last issued its earnings results on Thursday, May 23rd. The oil and gas company reported ($2.95) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.31) by ($0.64). The firm had revenue of $302.00 million during the quarter, compared to the consensus estimate of $279.00 million. The firm’s quarterly revenue was up 6.1% on a year-over-year basis.
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About Seadrill (NYSE:SDRL)
Seadrill Ltd. is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, jack-up rigs, tender rigs for operations in shallow, mid, deep, and ultra deep-water areas, and in benign and harsh environments.
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