Seadrill (SDRL) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Seadrill (NYSE:SDRL) from a sell rating to a hold rating in a report issued on Wednesday.

SDRL traded up $0.03 during trading on Wednesday, reaching $0.29. 5,806,697 shares of the company’s stock were exchanged, compared to its average volume of 8,074,219. Seadrill has a 1 year low of $0.15 and a 1 year high of $0.68. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $129.14, a PE ratio of 0.44 and a beta of 2.84.

Get Seadrill alerts:

An institutional investor recently bought a new position in Seadrill stock. Aristeia Capital LLC bought a new stake in shares of Seadrill (NYSE:SDRL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,000,000 shares of the oil and gas company’s stock, valued at approximately $231,000. Aristeia Capital LLC owned approximately 0.20% of Seadrill at the end of the most recent reporting period. Institutional investors own 12.35% of the company’s stock.

Seadrill Company Profile

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Other. The Floaters segment offers drilling, completion, and maintenance services for offshore exploration and production wells.

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