Seadrill Ltd (NYSE: SDRL) is -42.49% lower on its value in year-to-date trading and has touched a low of $17.74 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 $20.54 in the last trading session, with the day’s gains setting it 1.85%.
Currently trading at $22.39, the stock is 10.63% and -4.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 9.01% at the moment leaves the stock -38.00% off its SMA200. SDRL registered -55.43% loss for a year compared to 6-month loss of -40.97%. The firm has a 50-day simple moving average (SMA 50) of $23.3662 and a 200-day simple moving average (SMA200) of $36.11075.
The stock witnessed a -12.57% gain in the last 1 month and extending the period to 3 months gives it a -38.62%, and is 8.69% 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 6.01% over the week and 8.30% over the month.
Seadrill Ltd (SDRL) has around 3300 employees, a market worth around $1.39B and $1.39B in sales. Current P/E ratio is 3.51 and Fwd P/E is 6.76. Profit margin for the company is 32.20%. Distance from 52-week low is 26.21% and -60.34% from its 52-week high. The company has generated returns on investments over the last 12 months (12.61%).
with sales reaching $333.18M over the same period.The EPS is expected to shrink by -73.84% this year, but quarterly earnings will post -2.02% year-over-year. Quarterly sales are estimated to shrink -9.21% in year-over-year returns.
254.0 institutions hold shares in Seadrill Ltd (SDRL), with institutional investors hold 99.68% of the company’s shares. The shares outstanding are 68.83M, and float is at 65.44M with Short Float at 8.38%. Institutions hold 99.48% 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 PRICE T ROWE ASSOCIATES INC /MD/ which holds 3.92 million shares representing 5.6005 and valued at over $201.9 million, while BLACKROCK INC. holds 5.5588 of the shares totaling 3.89 million with a market value of $200.4 million.
