Seadrill (NYSE:SDRL) Shares Up 6.5%

Seadrill Ltd (NYSE:SDRL) shot up 6.5% during trading on Friday . The company traded as high as $1.50 and last traded at $1.47, 968,015 shares traded hands during mid-day trading. A decline of 18% from the average session volume of 1,183,488 shares. The stock had previously closed at $1.38.

Separately, ValuEngine upgraded shares of Seadrill from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd.

The company’s fifty day moving average price is $1.86 and its two-hundred day moving average price is $2.30. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 3.27.

Seadrill (NYSE:SDRL) last issued its earnings results on Thursday, November 21st. The oil and gas company reported ($2.20) earnings per share for the quarter. The firm had revenue of $367.00 million for the quarter, compared to analyst estimates of $312.68 million. The firm’s quarterly revenue was up 47.4% on a year-over-year basis. During the same quarter last year, the firm posted ($2.40) earnings per share.

Several large investors have recently modified their holdings of SDRL. BlackRock Inc. boosted its holdings in Seadrill by 7,978.1% during the second quarter. BlackRock Inc. now owns 2,915,940 shares of the oil and gas company’s stock worth $12,129,000 after buying an additional 2,879,843 shares in the last quarter. Barclays PLC boosted its holdings in Seadrill by 118.0% during the third quarter. Barclays PLC now owns 386,956 shares of the oil and gas company’s stock worth $812,000 after buying an additional 2,538,210 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Seadrill by 232.8% during the third quarter. Russell Investments Group Ltd. now owns 2,284,101 shares of the oil and gas company’s stock worth $4,848,000 after buying an additional 1,597,822 shares in the last quarter. Shah Capital Management boosted its holdings in Seadrill by 230.2% during the third quarter. Shah Capital Management now owns 1,717,959 shares of the oil and gas company’s stock worth $3,607,000 after buying an additional 1,197,759 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Seadrill by 37.4% during the second quarter. Vanguard Group Inc. now owns 1,927,004 shares of the oil and gas company’s stock worth $8,016,000 after buying an additional 524,757 shares in the last quarter. 8.96% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: How is diluted EPS different from basic EPS?

Receive News & Ratings for Seadrill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seadrill and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit