At the time of writing, Seadrill Ltd. [SDRL] stock is trading at $53.16, up 1.62%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SDRL shares have gain 5.69% over the last week, with a monthly amount glided 20.05%, and seem to be holding up well over a long-time horizon.
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On 27, March 2024, Seadrill Limited Files its 2023 Annual Report on Form 20-F. In a post published today on Yahoo Finance, March 27, 2024 — Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) today announced that it has filed its annual report on Form 20-F for the year ended December 31, 2023 (the “Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report can be accessed on the website of the SEC, www.sec.gov, and is also available on the investor portion of the Company’s website, www.seadrill.com.
From an analyst’s perspective:
Seadrill Ltd. [NYSE: SDRL] stock has seen the most recent analyst activity on December 06, 2023, when Stifel initiated its Buy rating and assigned the stock a price target of $72. Previously, Citigroup started tracking the stock with Neutral rating on July 05, 2023, and set its price target to $48.10. On March 17, 2023, BTIG Research initiated with a Buy rating and assigned a price target of $50 on the stock. BWS Financial started tracking the stock assigning a Buy rating and suggested a price target of $50 on January 18, 2023.
For the past year, the stock price of Seadrill Ltd. fluctuated between $34.18 and $53.48. Seadrill Ltd. [NYSE: SDRL] shares were valued at $53.16 at the most recent close of the market.
Analyzing the SDRL fundamentals
According to Seadrill Ltd. [NYSE:SDRL], the company’s sales were 1.50B for trailing twelve months, which represents an 78.95% jump. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.11 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 52.13 points at the first support level, and at 51.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.88, and for the 2nd resistance point, it is at 54.61.
Seadrill Ltd. [SDRL] reported earnings per share of $0.95 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.66/share, meaning a difference of $0.29 and a surprise factor of 43.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $11.39 per share as compared to estimates of $7.28 per share, a difference of $4.11 representing a surprise of 56.50%.
Ratios To Look Out For
It is important to note that Seadrill Ltd. [NYSE:SDRL] has a current ratio of 2.87. Further, the Quick Ratio stands at 2.87, while the Cash Ratio is 1.87. Considering the valuation of this stock, the price to sales ratio is 2.62, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 13.24.
