SDRL Stock Recent News

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.

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.

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.

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.

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.

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

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

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.

HAMILTON, Bermuda--(BUSINESS WIRE)--SDRL enters definitive agreement to sell three jack-up rigs. Concurrently, SDRL announces Board increased aggregate repurchase authorization.

Seadrill Limited (NYSE:SDRL ) Q1 2024 Earnings Conference Call May 15, 2024 10:00 AM ET Company Participants Lydia Mabry - Director of Investor Relations Simon Johnson - President and Chief Executive Officer Grant Creed - Executive Vice President and Chief Financial Officer Samir Ali - Executive Vice President, Chief Commercial Officer Marcel Wieggers - Senior Vice President of Operations Conference Call Participants Ben Nolan - Stifel Greg Lewis - BTIG Kurt Hallead - Benchmark Josh Jayne - Daniel Energy Partners Doug Becker - Capital One Hamed Khorsand - BWS Financial Noel Parks - Tuohy Brothers Fredrik Stene - Clarksons Securities Operator Thank you for standing by. My name is Kathleen, and I will be your conference operator today.