Seadrill Limited (NYSE:SDRL) shares traded 4.93% higher at $41.70 on Wall Street last session.
In accordance with the data, 9 analysts cover Seadrill Limited (NYSE:SDRL). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $62.00 and a low of $49.29, we find $50.00. Given the previous closing price of $39.74, this indicates a potential upside of 25.82 percent. SDRL stock price is now 11.98% away from the 50-day moving average and 18.99% away from the 200-day moving average. The market capitalization of the company currently stands at $3.33B.
It has been rated a hold by 0 analysts and a buy by 8. Brokers who have rated the stock have averaged $53.06 as their price target over the next twelve months.
With the price target of $48.10, Citigroup recently initiated with Neutral rating for Seadrill Limited (NYSE: SDRL).
A total of 13.91% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SDRL stock. A new stake in Seadrill Limited shares was purchased by PRICE T ROWE ASSOCIATES INC /MD/ during the first quarter worth $43,305,000. LMR PARTNERS LLP invested $28,996,000 in shares of SDRL during the first quarter. In the first quarter, COOPER CREEK PARTNERS MANAGEMENT LLC acquired a new stake in Seadrill Limited valued at approximately $25,159,000. WELLINGTON MANAGEMENT GROUP LLP acquired a new stake in SDRL for approximately $22,079,000. MILLENNIUM MANAGEMENT LLC purchased a new stake in SDRL valued at around $15,367,000 in the second quarter. In total, there are 56 active investors with 57.56% ownership of the company’s stock.
Seadrill Limited (NYSE: SDRL) opened at $39.81 on Friday. During the past 12 months, Seadrill Limited has had a low of $22.00 and a high of $45.48. The fifty day moving average price for SDRL is $37.36 and a two-hundred day moving average price translates $36.00 for the stock.
The latest earnings results from Seadrill Limited (NYSE: SDRL) was released for Mar, 2023.
Investors who held shares on 12/05/2013 were paid a $0.95 dividend.
Seadrill Limited(SDRL) Company Profile
Seadrill Limited provides offshore contract drilling services to the oil and gas industry worldwide. It operates in three segments: Harsh Environment, Floaters, and Jack-ups Rigs. The company owns and operates drill ships, semi-submersible rigs, and jack-up rigs for operations in shallow and ultra-deep-water in benign and harsh environments. It serves oil super-majors, state-owned national oil companies, and independent oil and gas companies. Seadrill Limited was formerly known as Seadrill 2021 Limited. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
