uploads///Analyst Ratings

What Are Analysts’ Recommendations for Seadrill?

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Aug. 18 2020, Updated 5:16 a.m. ET

Analysts’ recommendations for Seadrill

So far in this series, we looked at what Wall Street analysts expect for Seadrill’s revenue and EBITDA (earnings before interest, tax, depreciation, and amortization). Now, let’s look at what analysts recommend for Seadrill stock.

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Consensus recommendations

According to Reuters, ten analysts cover Seadrill (SDRL). Out of these analysts, only two recommended a “buy” and two recommended a “hold” for the stock. Five analysts recommended a “sell” and analyst recommended a “strong sell” for Seadrill. The consensus rating on the stock is 3.5, which indicates a “hold” recommendation.

As Seadrill’s fundamentals deteriorated, many analysts dropped the company from their coverage. At the beginning of 2017, 15 analysts were covering Seadrill. Three analysts were bullish on the stock and gave “buy” recommendations. The scenario changed over the past year.

The number of analysts covering Seadrill gradually decreased. Seadrill hasn’t seen any upgrades or downgrades since 2Q16. In 1Q16, Morgan Stanley, Merrill Lynch, and J.P. Morgan downgraded Seadrill.

Peers

Recommendations for other offshore drillers (OIH):

  • Transocean (RIG) – 37 analysts cover the stock. One analyst recommended a “strong buy” and six recommended a “buy.” Sixteen analysts suggested a “hold,” while the others gave a “sell” or “strong sell” recommendation.
  • Atwood Oceanics (ATW) – Out of 30 analysts covering the stock, one analyst suggested a “strong buy” and three suggested a “buy.” Eighteen analysts recommended a “hold,” and the others gave “sell” or “strong sell” recommendations.
  • Noble (NE) – Out of 37 analysts covering the stock, three analysts gave “strong buy” recommendations and ten analysts gave “buy” recommendations. Fifteen analysts recommended a “hold” and the others recommended a “sell” or “strong sell.”
  • ENSCO (ESV) – Out of 35 analysts covering ENSCO, 19 analysts recommended a “hold.”
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