SeadrillSDRL
Market Cap: $2.71B
About: Seadrill Ltd is an offshore drilling contractor company. The company is engaged in providing offshore drilling services to the oil and gas industry. The primary business of the company is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deepwater areas in both benign and harsh environments. The geographical segments of the company are the United States, Brazil, Angola, Norway, and others. The company derives maximum revenue from the United States.
Employees: 2,505
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
43% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 35
40% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 50
8% more funds holding
Funds holding: 179 [Q1] → 194 (+15) [Q2]
8% more funds holding in top 10
Funds holding in top 10: 13 [Q1] → 14 (+1) [Q2]
3% less capital invested
Capital invested by funds: $3.03B [Q1] → $2.94B (-$95.6M) [Q2]
6% less call options, than puts
Call options by funds: $11.4M | Put options by funds: $12.1M
4.41% less ownership
Funds ownership: 81.48% [Q1] → 77.07% (-4.41%) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Citigroup Nikhil Gupta 0 / 0 met price target | 25%upside $52 | Buy Upgraded | 12 Sept 2024 |
Benchmark Kurt Hallead 17% 1-year accuracy 4 / 23 met price target | 44%upside $60 | Buy Reiterated | 7 Aug 2024 |
Financial journalist opinion
Based on 3 articles about SDRL published over the past 30 days