Seadrill Limited (NYSE:SDRL) saw an upside of 2.79% to close Friday at $50.05 after adding $1.36 on the day. The 5-day average trading volume is 1,131,020 shares of the company’s common stock. It has gained $50.59 in the past week and touched a new high 3 times within the past 5 days. An average of 850,145 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,105,004.
SDRL’s 1-month performance is 9.07% or $4.38 on its low of $45.24 reached on 08/08/23. The company’s shares have touched a 52-week low of $22.00 and high of $50.59, with the stock’s rally to the 52-week high happening on 08/16/23. YTD, SDRL has achieved 53.34% or $17.41 and has reached a new high 18 times. However, the current price is down -1.07% from the 52-week high price.
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Valuation Metrics
The trailing 12-month EBITDA margin is 22.13%.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income shrunk -0.0% to -$587.0 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected SDRL to announce $0.4 per share in earnings in its latest quarter, but it posted $1.16, representing a 190.00% surprise.
Let’s look briefly at Seadrill Limited (SDRL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 74.52% to suggest the stock is trending Overbought, with historical volatility in this time period at 20.30%.
The stock’s 5-day moving average is $48.90, reflecting a +4.27% or $2.05 change from its current price. SDRL is currently trading +7.75% above its 20-day SMA, +31.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +38.60% and SMA200 by+58.89%.
Stochastic %K and %D was 74.02% and 69.52% and the average true range (ATR) pointed at 1.64. The RSI (14) points at 70.76%, while the 14-day stochastic is at 89.91% with the period’s ATR at 1.58. The stock’s 9-day MACD Oscillator is pointing at 1.02 and 1.46 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Seadrill Limited (NYSE: SDRL), Citigroup launched coverage with a Neutral rating. Analysts offering their rating for SDRL stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SDRL as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is SDRL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $49.39 and a high of $62.00, with their median price target at $57.79. Looking at these predictions, the average price target given by analysts is for Seadrill Limited (SDRL) stock is $55.93.
