At the last check on Friday, Seadrill Limited’s (NYSE:SDRL) stock was up $1.3, moving up 2.67 percent to $49.95. The average number of shares traded per day over the past five days has been 505,342 shares. 3 times new highs have been achieved over the past 5 days, with a $1.73 gain in that time frame. In the last twenty days, the average volume was 728,676, while in the previous 50 days, it was 1,108,954.
Since last month, SDRL stock rose 6.28%. Shares of the company fell to $45.24 on 08/08/23, the lowest level in the past month. A 52-week high of $50.61 was reached on 09/01/23 after having rallying from a 52-week low of $22.00. Since the beginning of this year, SDRL’s stock price has risen by 53.03% or $17.57, and marked a new high 20 times. However, the stock has declined by -1.30% since its 52-week high.
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Valuation Metrics
The latest dividend of $1.00 per share was paid out, remained unchanged from last year’s $1.00.
In Seadrill Limited’s quarter-end financial report for June 29, it reported total debt of $496.0 million. SDRL’s revenue fell -11.14% during the quarter, while net income inched up to $907.0 million. While analysts expected Seadrill Limited to report $0.4 quarterly earnings, the actual figure was $1.16 per share.
Technical Picture
This quick technical analysis looks at Seadrill Limited’s (SDRL) price momentum. With a historical volatility rate of 18.64%, the RSI 9-day stood at 70.16% on 31 August.
With respect to its five-day moving average, the current Seadrill Limited price is up by +3.57% percent or $1.73. At present, SDRL shares trade +7.19% above its 20-day simple moving average and +32.76% percent above its 100-day simple moving average. However, the stock is currently trading approximately +29.11% above its SMA50 and +57.20% above its SMA200.
Stochastic coefficient K was 59.93% and Stochastic coefficient D was 49.94%, while ATR was 1.37. Given the Stochastic reading of 85.87% for the 14-day period, the RSI (14) reading has been calculated as 66.74%. As of today, the MACD Oscillator reading stands at 0.51, while the 14-day reading stands at 0.38.
Analyst Ratings
Citigroup launched its rating on Seadrill Limited (NYSE: SDRL) to a Neutral in a note to investors on July 05, 2023. Seadrill Limited (SDRL) has been rated Buy by analysts. According to 0 brokerage firms, SDRL is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Seadrill Limited stock as buy, with 8 recommending it as overweight.
With a median target price of $59.74, the current consensus forecast for the stock is $49.39 – $62.00. Based on these forecasts, analysts predict Seadrill Limited (SDRL) will achieve an average price target of $57.60.
