Seadrill Limited (NYSE:SDRL) finished Friday with an addition of $0.43 to close at $48.00, an upside of 0.90 percent. An average of 547,480 shares of common stock have been traded in the last five days. There was a gain of $1.16 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 778,950 shares traded, while the 50-day average volume stands at 1,027,524.
SDRL stock has increased by 6.43% in the last month. The company shares reached their 1-month lowest point of $43.32 on 07/17/23. With the stock rallying to its 52-week high on 07/31/23, shares of the company touched a low of $22.00 and a high of $50.23 in 52 weeks. It has reached a new high 17 times so far this year and achieved 47.06% or $15.36 in price. In spite of this, the price is down -4.44% from the 52-week high.
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Valuation Metrics
Seadrill Limited (SDRL) has a trailing price-to-earnings (P/E) ratio of 0.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.90, the price-to-book (PB) ratio at 1.38.
Financial Health
Seadrill Limited’s EBITDA margin is 22.13%.
Earnings Surprise
For the recent quarter, Seadrill Limited had $496.0 million in total debt. The company posted a net income of -$587.0 million in the quarter, while revenues were shrunk -0.0%. At the end of the recent quarter, Seadrill Limited’s stock balance sheet showed total debt was $366.0 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Seadrill Limited (SDRL) price momentum. RSI 9-day as of the close on 11 August was 65.28%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.48%.
As of today, SDRL’s price is $47.09 +2.48% or $1.16 from its 5-day moving average. SDRL is currently trading +7.94% higher than its 20-day SMA and +33.78% higher than its 100-day SMA. However, the stock’s current price level is +35.40% above the SMA50 and +66.49% above the SMA200.
The stochastic %K and %D were 48.90% and 37.35%, respectively, and the average true range (ATR) was 1.44. With the 14-day stochastic at 55.31% and the average true range at 1.46, the RSI (14) stands at 64.75%. The stock has reached 0.58 on the 9-day MACD Oscillator while the 14-day reading was at 0.70.
Analyst Ratings
Citigroup launched coverage on Seadrill Limited (NYSE: SDRL) in its analyst report released on July 05, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Seadrill Limited (SDRL) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SDRL, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.
What is SDRL’s price target for the next 12 months?
Analysts predict a range of price targets between $49.29 and $62.00, with a median target of $52.17. Taking a look at these predictions, the average price target given by analysts for Seadrill Limited (SDRL) stock is $54.35.
