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Initiating coverage on Seadrill Limited with a "Buy" rating and a 12-18 month investment horizon due to attractive valuation and positive industry tailwinds. Positive industry outlook driven by expected higher oil prices, expansionary monetary policies, and increasing investments in deepwater drilling projects. Strong fundamentals with high financial flexibility, low leverage, and significant cash flow visibility support potential acquisitions and organic growth.

seekingalpha.com 2024 Sep 23
SDRL Stock News Image - seekingalpha.com

Seadrill reporting mixed earnings results, coupled with a lowered guidance, put pressure on the stock price. Demand has not yet materialized into more contract awards. This is attributed to several reasons, including a supply chain issue. These headwinds are likely to resolve in 2H25. Market fundamentals remain supportive of day rates. Benign floater marketed utilization rate was at 86% despite reactivations. We believe incremental demand will be sufficient to absorb stranded capacity.

seekingalpha.com 2024 Aug 21
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Seadrill (SDRL) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $1.16 per share a year ago.

zacks.com 2024 Aug 05
SDRL Stock News Image - seekingalpha.com

Seadrill is an offshore drilling company focusing on the floater market, with its fleet primarily located in the Deepwater Golden Triangle. Demand for offshore rigs will remain robust due to high oil prices thanks to extended OPEC+ cuts, the growing petrochemical sector, and EV hiccups. Offshore projects will be highly demanded given improved economics. The market will remain undersupplied as newbuilding prices and reactivation cost a fortune.

seekingalpha.com 2024 Jul 29
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Seadrill (SDRL) concludes the sale of the West Castor, the West Telesto and the West Tucana jackup rigs operating offshore Qatar, for cash proceeds of $338 million.

zacks.com 2024 Jun 26
SDRL Stock News Image - businesswire.com

HAMILTON, Bermuda--(BUSINESS WIRE)--SDRL announced that it has continued progress on its share repurchase program, as part of its ongoing commitment to deliver shareholder returns.

businesswire.com 2024 Jun 25
SDRL Stock News Image - businesswire.com

HAMILTON, Bermuda--(BUSINESS WIRE)--SDRL completed the previously disclosed sale of three jack-up rigs and its 50% equity interest in the joint venture that operates them.

businesswire.com 2024 Jun 25
SDRL Stock News Image - businesswire.com

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill will delist from Oslo Stock Exchange September 10, now that Oslo Bors has approved the Company's delisting.

businesswire.com 2024 Jun 07
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Seadrill (SDRL) mentions that the divestiture aligns with its overall strategy to simplify its business and concentrate only on its core operations.

zacks.com 2024 May 20
SDRL Stock News Image - zacks.com

The mean of analysts' price targets for Seadrill (SDRL) points to a 30% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

zacks.com 2024 May 17
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