Seadrill (NYSE:SDRL) Issues Quarterly Earnings Results, Misses Estimates By $3.09 EPS

Seadrill (NYSE:SDRL) issued its quarterly earnings data on Thursday. The oil and gas company reported ($5.21) earnings per share for the quarter, missing the consensus estimate of ($2.12) by ($3.09), reports. The company had revenue of $367.00 million during the quarter, compared to the consensus estimate of $312.68 million. The business’s revenue for the quarter was up 47.4% compared to the same quarter last year. During the same period last year, the firm earned ($2.40) EPS.

SDRL opened at $1.06 on Friday. Seadrill has a 52 week low of $0.91 and a 52 week high of $15.30. The business has a fifty day simple moving average of $1.72 and a 200-day simple moving average of $3.31. The company has a debt-to-equity ratio of 2.63, a quick ratio of 3.53 and a current ratio of 3.53.

Several research analysts recently weighed in on the company. ValuEngine upgraded Seadrill from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. BTIG Research lowered Seadrill from a “buy” rating to a “neutral” rating and set a $304.00 price objective for the company. in a research report on Tuesday, August 13th.

Seadrill Company Profile

Seadrill Ltd. is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, jack-up rigs, tender rigs for operations in shallow, mid, deep, and ultra deep-water areas, and in benign and harsh environments.

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Earnings History for Seadrill (NYSE:SDRL)

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