Seadrill (NYSE:SDRL) Cut to Hold at ValuEngine

ValuEngine downgraded shares of Seadrill (NYSE:SDRL) from a buy rating to a hold rating in a report published on Monday, November 20th.

A number of other equities analysts have also recently issued reports on SDRL. BidaskClub raised Seadrill from a sell rating to a hold rating in a report on Thursday, July 27th. Zacks Investment Research lowered Seadrill from a buy rating to a hold rating in a report on Tuesday, August 1st.

Seadrill (SDRL) traded down $0.02 during trading on Monday, hitting $0.28. The stock had a trading volume of 6,409,000 shares, compared to its average volume of 10,551,632. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.50 and a quick ratio of 0.50. Seadrill has a 12 month low of $0.15 and a 12 month high of $4.59. The firm has a market cap of $150.88, a PE ratio of 0.52 and a beta of 3.02.

An institutional investor recently raised its position in Seadrill stock. Jane Street Group LLC lifted its holdings in shares of Seadrill Ltd (NYSE:SDRL) by 47.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 665,645 shares of the oil and gas company’s stock after acquiring an additional 214,660 shares during the quarter. Jane Street Group LLC owned 0.13% of Seadrill worth $233,000 at the end of the most recent quarter. Institutional investors and hedge funds own 12.76% of the company’s stock.

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Seadrill Company Profile

Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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