Global Hunter Securities assumed coverage on shares of Seadrill Ltd (NASDAQ:SDRL) in a research note issued to investors on Monday, AR Network reports. The firm issued a buy rating and a $35.00 price target on the stock.
Shares of Seadrill Ltd (NASDAQ:SDRL) traded down 0.55% during mid-day trading on Monday, hitting $47.101. 658,373 shares of the company’s stock traded hands. Seadrill Ltd has a 52-week low of $34.57 and a 52-week high of $47.52. The stock’s 50-day moving average is $44.81 and its 200-day moving average is $40.53. The company has a market cap of $22.095 billion and a P/E ratio of 9.94.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 20th. Stockholders of record on Monday, September 9th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 7.69%. The ex-dividend date is Thursday, September 5th.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich initiated coverage on shares of Seadrill Ltd (NASDAQ:SDRL) in a research note to investors on Wednesday, September 4th. They set a buy rating and a $54.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Seadrill Ltd (NASDAQ:SDRL) from $48.00 to $53.00 in a research note to investors on Thursday, August 29th. They now have an overweight rating on the stock. Finally, analysts at Danske downgraded shares of Seadrill Ltd (NASDAQ:SDRL) from a buy rating to a hold rating in a research note to investors on Tuesday, August 13th.
One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Seadrill Ltd has a consensus rating of Buy and a consensus price target of $43.17.
Seadrill Limited (NASDAQ:SDRL) an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.
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