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Saturday, December 2, 2023

Make Sure You Stick With Seadrill Ltd. (SDRL). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Seadrill Ltd. (SDRL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.69, or 1.68%, to $41.73. The Seadrill Ltd. has recorded 10,042 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Seadrill Announces Third Quarter 2023 Earnings Release and Conference Call.

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Stocks Info

Seadrill Ltd. is listed on the NYSE in the Energy sector while operating in the Oil & Gas Drilling industry. At the end of the last regular session, the stock closed at $41.04 and fluctuated between $41.52 as its day high and $39.59 as its day low. The current market capitalization of Seadrill Ltd. is $3.28B. A total of 0.71 million shares were traded on the day, compared to an average of 742.76K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, SDRL has seen 19 BUY and 0 SELL insider trades, representing the acquisition of 1,143,969 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 0 SELLs from insiders. Insiders purchased 1,143,969 shares during that period but sold 0.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for SDRL in the last 3 months, the mean price target is $59.40 with high estimates of $63.31 and low estimates of $54.60. In terms of 52-week highs and lows, SDRL has a high of $50.72 and a low of $28.36.

As of this writing, SDRL has an earnings estimate of $7.78 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $7.78 per share and a lower estimate of $7.78.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. SDRL’s latest balance sheet shows that the firm has $375.00M in Cash & Short Term Investments as of fiscal 2021. There were $908.00M in debt and $293.00M in liabilities at the time. Its Book Value Per Share was $38.55, while its Total Shareholder’s Equity was $1.56B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SDRL is Buy with a score of 4.00.

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