Seadrill Limited (SDRL) is looking forward to a strong quarter

Seadrill Limited (NYSE: SDRL) stock jumped 1.95% on Tuesday to $40.87 against a previous-day closing price of $40.09. With 0.52 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.18 million shares. During the session, the Oil & Gas Drilling company that operates in wider Energy sector, reached to the highest price of $41.19 whereas the lowest price it dropped to was $39.07. The 52-week range on SDRL shows that it touched its highest point at $41.49 and its lowest point at $22.00 during that stretch.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.

Sponsored

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SDRL was up-trending over the past week, with a rise of 16.17%, but this was up by 35.60% over a month.


Float and Shares Shorts:

At present, 50.00 million SDRL shares are outstanding with a float of 30.67 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.35 million, which was 2.70% higher than short shares on. In addition to Mr. Simon William Johnson as the firm’s Pres & CEO, Mr. Grant Russe Creed serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 4.84% of SDRL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of SDRL, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 0.60% stake in SDRL, the Alfred Berg Gambak is the largest stakeholder. A total of 300,000 shares are owned by the mutual fund manager. The KLP AksjeNorge, which owns about 0.60% of SDRL stock, is the second-largest Mutual Fund holder. It holds 298,415 shares valued at 9.22 million. Danske Invest Norske Aksjer Insti holds 0.47% of the stake in SDRL, owning 235,500 shares worth 7.27 million.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SDRL since 6 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SDRL analysts setting a high price target of $51.34 and a low target of $45.60, the average target price over the next 12 months is $48.67. Based on these targets, SDRL could surge 25.62% to reach the target high and rise by 11.57% to reach the target low. Reaching the average price target will result in a growth of 19.08% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SDRL will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of $85.12 being high and $36.10 being low. For SDRL, this leads to a yearly average estimate of $66.65. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Seadrill Limited surprised analysts by $0.01 when it reported -$0.36 EPS against a consensus estimate of -$0.37. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.36 and the low estimate is -$0.70. The average estimate for the next quarter is thus -$0.53.

Leave a Comment

Your email address will not be published. Required fields are marked *