Seadrill (SDRL) Hits New 1-Year Low at $4.11

Seadrill Ltd (NYSE:SDRL) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.11 and last traded at $4.25, with a volume of 3861000 shares trading hands. The stock had previously closed at $5.50.

The company has a debt-to-equity ratio of 2.46, a current ratio of 3.23 and a quick ratio of 3.23.

Seadrill (NYSE:SDRL) last released its earnings results on Thursday, May 23rd. The oil and gas company reported ($2.95) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.31) by ($0.64). The business had revenue of $302.00 million for the quarter, compared to the consensus estimate of $279.00 million. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year.

A number of large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in Seadrill by 1,075.0% in the 1st quarter. Wells Fargo & Company MN now owns 3,243 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 2,967 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Seadrill in the 1st quarter valued at about $28,000. BlackRock Inc. lifted its holdings in Seadrill by 12.8% in the 1st quarter. BlackRock Inc. now owns 36,097 shares of the oil and gas company’s stock valued at $300,000 after purchasing an additional 4,103 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Seadrill by 17.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 39,345 shares of the oil and gas company’s stock valued at $327,000 after purchasing an additional 5,927 shares in the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in Seadrill in the 4th quarter valued at about $94,000. Institutional investors own 8.89% of the company’s stock.

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Seadrill Company Profile (NYSE:SDRL)

Seadrill Ltd. is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, jack-up rigs, tender rigs for operations in shallow, mid, deep, and ultra deep-water areas, and in benign and harsh environments.

Read More: Understanding Price to Earnings Ratio (PE)

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