Seadrill Ltd (NYSE:SDRL)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $0.31, but opened at $0.30. Seadrill shares last traded at $0.28, with a volume of 6409000 shares traded.

Separately, ValuEngine lowered Seadrill from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st.

The firm has a market cap of $150.88, a P/E ratio of 0.52 and a beta of 3.02. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56.

A hedge fund recently raised its stake in Seadrill stock. Jane Street Group LLC boosted its holdings in shares of Seadrill Ltd (NYSE:SDRL) by 47.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 665,645 shares of the oil and gas company’s stock after buying an additional 214,660 shares during the period. Jane Street Group LLC owned approximately 0.13% of Seadrill worth $233,000 as of its most recent SEC filing. 12.76% of the stock is owned by institutional investors and hedge funds.

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About Seadrill

Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.

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