Seadrill Ltd (NYSE: SDRL): Stock That Needs Special Handling

Currently, there are 68.83M common shares owned by the public and among those 65.19M shares have been available to trade.

The company’s stock has a 5-day price change of -3.65% and -10.53% over the past three months. SDRL shares are trading -23.96% year to date (YTD), with the 12-month market performance down to -22.95% lower. It has a 12-month low price of $34.74 and touched a high of $56.46 over the same period. SDRL has an average intraday trading volume of 988.95K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.60%, -7.37%, and -21.04% respectively.

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Institutional ownership of Seadrill Ltd (NYSE: SDRL) shares accounts for 88.60% of the company’s 68.83M shares outstanding.

It has a market capitalization of $2.47B. The stock’s trailing 12-month PE ratio is 6.22, while the earnings-per-share (ttm) stands at $5.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.69% over the week and 3.33% over the month.

Analysts forecast that Seadrill Ltd (SDRL) will achieve an EPS of -0.3 for the current quarter, 0.81 for the next quarter and 3.04 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.36 while analysts give the company a high EPS estimate of -0.36. Comparatively, EPS for the current quarter was 0.99 a year ago. Earnings per share for the fiscal year are expected to decrease by -22.67%, and 5.12% over the next financial year.

Stifel was of a view on December 06, 2023 that the stock is Buy, while Citigroup gave the stock Neutral rating on July 05, 2023, issuing a price target of $48.10. BTIG Research on their part issued Buy rating on March 17, 2023.

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