Seadrill (SDRL) Posts Earnings Results, Misses Expectations By $0.64 EPS

Seadrill (NYSE:SDRL) announced its quarterly earnings results on Thursday. The oil and gas company reported ($2.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.31) by ($0.64), Morningstar.com reports. The firm had revenue of $302.00 million for the quarter, compared to analysts’ expectations of $279.00 million. The company’s quarterly revenue was up 6.1% on a year-over-year basis.

Shares of SDRL opened at $5.50 on Friday. Seadrill has a fifty-two week low of $5.20 and a fifty-two week high of $26.72. The company has a debt-to-equity ratio of 2.34, a quick ratio of 5.96 and a current ratio of 5.96.

A number of institutional investors and hedge funds have recently made changes to their positions in SDRL. Wells Fargo & Company MN increased its position in Seadrill by 1,075.0% in the first quarter. Wells Fargo & Company MN now owns 3,243 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 2,967 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Seadrill in the first quarter worth $28,000. Parametric Portfolio Associates LLC purchased a new position in Seadrill during the first quarter worth $84,000. NumerixS Investment Technologies Inc purchased a new position in Seadrill during the fourth quarter worth $94,000. Finally, Virtu Financial LLC purchased a new stake in shares of Seadrill during the first quarter valued at $95,000. Institutional investors own 9.12% of the company’s stock.

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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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