Seadrill Ltd (NYSE:SDRL) reached a new 52-week low during trading on Thursday . The company traded as low as $13.21 and last traded at $13.37, with a volume of 5230 shares. The stock had previously closed at $15.02.
Separately, BTIG Research assumed coverage on shares of Seadrill in a research note on Wednesday, October 24th. They set a “buy” rating on the stock.
The company has a debt-to-equity ratio of 2.09, a current ratio of 5.09 and a quick ratio of 5.09.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in Seadrill during the 3rd quarter worth approximately $115,000. Vertex One Asset Management Inc. bought a new stake in shares of Seadrill during the third quarter valued at approximately $206,000. Neuberger Berman Group LLC bought a new stake in shares of Seadrill during the third quarter valued at approximately $280,000. Cullen Frost Bankers Inc. raised its position in shares of Seadrill by 146.9% during the third quarter. Cullen Frost Bankers Inc. now owns 33,446 shares of the oil and gas company’s stock valued at $829,000 after buying an additional 19,898 shares during the last quarter. Finally, FIL Ltd bought a new stake in shares of Seadrill during the third quarter valued at approximately $500,000. Institutional investors own 8.20% of the company’s stock.
Seadrill Company Profile (NYSE:SDRL)
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Other. The Floaters segment offers drilling, completion, and maintenance services for offshore exploration and production wells.
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