Is there a Bearish outlook for SeaDrill Limited (NYSE:SDRL) this week?

January 14, 2018 - By Richard Conner

 Is there a Bearish outlook for SeaDrill Limited (NYSE:SDRL) this week?

SeaDrill Limited (NYSE:SDRL) Ratings Coverage

Among 10 analysts covering Seadrill (NYSE:SDRL), 2 have Buy rating, 3 Sell and 5 Hold. Therefore 20% are positive. Seadrill had 21 analyst reports since August 20, 2015 according to SRatingsIntel. Credit Suisse downgraded the stock to “Underperform” rating in Thursday, September 3 report. Howard Weil maintained the stock with “Sector Perform” rating in Tuesday, September 1 report. Scotia Capital maintained SeaDrill Limited (NYSE:SDRL) on Tuesday, September 1 with “Sector Perform” rating. The stock of SeaDrill Limited (NYSE:SDRL) earned “Underweight” rating by JP Morgan on Monday, January 18. The firm has “Buy” rating by Vetr given on Wednesday, September 2. The firm has “Neutral” rating by Bank of America given on Saturday, August 29. The stock has “Sell” rating by Canaccord Genuity on Wednesday, September 2. On Monday, November 30 the stock rating was downgraded by Oppenheimer to “Perform”. The stock of SeaDrill Limited (NYSE:SDRL) earned “Neutral” rating by Seaport Global Securities on Friday, December 18. The firm earned “Strong-Buy” rating on Thursday, August 20 by Vetr. Below is a list of SeaDrill Limited (NYSE:SDRL) latest ratings and price target changes.

The stock increased 4.76% or $0.013 during the last trading session, reaching $0.284. About 4.78M shares traded. SeaDrill Limited (NYSE:SDRL) has declined 83.13% since January 14, 2017 and is downtrending. It has underperformed by 99.83% the S&P500.

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the gas and oil industry worldwide. The company has market cap of $143.26 million. The firm operates through three divisions: Floaters, Jack-up Rigs, and Other. It currently has negative earnings. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells.

More notable recent SeaDrill Limited (NYSE:SDRL) news were published by: Seekingalpha.com which released: “Seadrill – A Large, Exciting New Company With Market-Leading Assets” on January 08, 2018, also Seekingalpha.com with their article: “Seadrill: New Restructuring Plan Could Be Unveiled Soon” published on December 18, 2017, Seekingalpha.com published: “Seadrill: Discussion Of Basic Bankruptcy Topics” on January 09, 2018. More interesting news about SeaDrill Limited (NYSE:SDRL) were released by: Bloomberg.com and their article: “Billionaire Fredriksen ‘Central’ to Seadrill Solution, DNB Says” published on January 11, 2018 as well as Fool.com‘s news article titled: “What to Expect From Seadrill Ltd in 2018” with publication date: December 16, 2017.

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