Seadrill Ltd (NYSE:SDRL)’s share price reached a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The company traded as low as $5.95 and last traded at $6.01, with a volume of 25992 shares trading hands. The stock had previously closed at $7.03.

The oil and gas company reported ($2.95) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.31) by ($0.64). The company had revenue of $302.00 million for the quarter, compared to the consensus estimate of $279.00 million. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year.

Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its position in Seadrill by 1,075.0% in the 1st 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 period. Quantamental Technologies LLC bought a new position in Seadrill in the 1st quarter worth about $28,000. NumerixS Investment Technologies Inc bought a new position in Seadrill in the 4th quarter worth about $94,000. Parametric Portfolio Associates LLC bought a new position in Seadrill in the 1st quarter worth about $84,000. Finally, Neuberger Berman Group LLC bought a new position in Seadrill in the 3rd quarter worth about $280,000. 9.12% of the stock is currently owned by institutional investors.

The company has a debt-to-equity ratio of 2.34, a quick ratio of 5.96 and a current ratio of 5.96.

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Seadrill Company Profile (NYSE:SDRL)

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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