Seadrill Ltd (NASDAQ: SDRL) released its earnings data on Thursday. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.62 by $0.58. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the company posted ($0.23) earnings per share.
A number of research firms have also recently commented on SDRL. Analysts at BNP Paribas downgraded shares of Seadrill Ltd from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, February 12th. On a related note, analysts at JPMorgan Chase initiated coverage on shares of Seadrill Ltd in a research note to investors on Tuesday, January 29th. They set an “overweight” rating on the stock. Finally, analysts at Zacks upgraded shares of Seadrill Ltd from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 15th. They now have a $39.40 price target on the stock.
Thirteen analysts have rated the stock with a buy rating, one has issued an overweight rating, twenty have assigned a hold rating, one has issued an underweight rating, and two have assigned a sell rating to the company’s stock. Seadrill Ltd has a consensus rating of “overweight”.
Seadrill Ltd (SDRL) traded down 0.84% on Thursday, hitting $36.51. Seadrill Ltd (SDRL) has a 1-year low of $31.37 and a 1-year high of $41.95. The stock’s 50-day moving average is currently $38.17. The company has a market cap of $17.128 billion and a price-to-earnings ratio of 17.38.
Seadrill Limited (Seadrill) an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.
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