Seadrill (SDRL) to Release Earnings on Monday

Seadrill (NYSE:SDRL) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Monday, May 12th. Analysts expect the company to announce earnings of $0.25 per share and revenue of $325.69 million for the quarter.

Seadrill (NYSE:SDRL) last announced its earnings results on Wednesday, February 26th. The oil and gas company reported $1.07 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $1.41. Seadrill had a return on equity of 7.24% and a net margin of 27.79%. The business had revenue of $289.00 million during the quarter, compared to the consensus estimate of $299.50 million. On average, analysts expect Seadrill to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Seadrill Trading Up 0.6 %

SDRL stock opened at $22.53 on Monday. The business’s 50-day moving average is $22.70 and its 200 day moving average is $32.22. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 3.93 and a beta of 1.41. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21. Seadrill has a 12-month low of $17.74 and a 12-month high of $56.46.

Analysts Set New Price Targets

SDRL has been the subject of a number of research reports. Citigroup dropped their price objective on Seadrill from $46.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. BWS Financial restated a “buy” rating and issued a $80.00 price target on shares of Seadrill in a research note on Monday, March 3rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $62.00.

About Seadrill

Seadrill Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through the following segments: Floaters, Jack-up rigs, and Other. The Floaters segment encompasses drilling, completion, and maintenance of offshore exploration and production wells. the Jack-up Rigs segment includes drilling contracts relate to jack-up rigs for operations in harsh and benign environments in shallow water.