Equities researchers at BTIG Research began coverage on shares of Seadrill (NYSE:SDRL) in a report issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the oil and gas company’s stock.
Shares of NYSE SDRL opened at $19.99 on Wednesday. Seadrill has a 1 year low of $15.76 and a 1 year high of $26.72.
An institutional investor recently bought a new position in Seadrill stock. DNB Asset Management AS bought a new position in shares of Seadrill Ltd (NYSE:SDRL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 491,176 shares of the oil and gas company’s stock, valued at approximately $12,191,000. DNB Asset Management AS owned about 0.10% of Seadrill as of its most recent filing with the Securities and Exchange Commission (SEC). 0.10% of the stock is currently owned by institutional investors.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Other. The Floaters segment offers drilling, completion, and maintenance services for offshore exploration and production wells.
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