Seadrill Ltd (NYSE: SDRL) is -35.47% lower on its value in year-to-date trading and has touched a low of $22.07 and a high of $56.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SDRL stock was last observed hovering at around $25.03 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $25.12, the stock is -0.37% and -19.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing 0.36% at the moment leaves the stock -37.59% off its SMA200. SDRL registered -49.37% loss for a year compared to 6-month loss of -38.96%. The firm has a 50-day simple moving average (SMA 50) of $31.3022 and a 200-day simple moving average (SMA200) of $40.2523.
The stock witnessed a -17.04% gain in the last 1 month and extending the period to 3 months gives it a -33.23%, and is 6.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.04% over the week and 4.89% over the month.
Seadrill Ltd (SDRL) has around 3300 employees, a market worth around $1.56B and $1.39B in sales. Current P/E ratio is 3.94 and Fwd P/E is 6.13. Profit margin for the company is 32.20%. Distance from 52-week low is 13.85% and -55.51% from its 52-week high. The company has generated returns on investments over the last 12 months (12.61%).
with sales reaching $325.68M over the same period.The EPS is expected to shrink by -70.37% this year, but quarterly earnings will post -2.79% year-over-year. Quarterly sales are estimated to shrink -11.26% in year-over-year returns.
254.0 institutions hold shares in Seadrill Ltd (SDRL), with institutional investors hold 98.39% of the company’s shares. The shares outstanding are 68.83M, and float is at 65.49M with Short Float at 7.98%. Institutions hold 98.30% of the Float.
The top institutional shareholder in the company is CANYON CAPITAL ADVISORS LLC with over 4.9 million shares valued at $252.23 million. The investor’s holdings represent 6.9967 of the SDRL Shares outstanding. As of 2024-06-30, the second largest holder is ELLIOTT INVESTMENT MANAGEMENT L.P. with 4.05 million shares valued at $208.63 million to account for 5.7871 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 3.52 million shares representing 5.0241 and valued at over $181.12 million, while CONDIRE MANAGEMENT, LP holds 3.292 of the shares totaling 2.3 million with a market value of $118.17 million.
