Shares of Seadrill Ltd (NYSE:SDRL) traded up 7.5% during mid-day trading on Thursday . The stock traded as high as $3.55 and last traded at $3.44. 1,031,825 shares changed hands during mid-day trading, an increase of 65% from the average session volume of 627,147 shares. The stock had previously closed at $3.20.
The company has a debt-to-equity ratio of 2.46, a quick ratio of 3.23 and a current ratio of 3.23.
Seadrill (NYSE:SDRL) last issued its earnings results on Thursday, May 23rd. The oil and gas company reported ($2.95) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.31) by ($0.64). The business had revenue of $302.00 million during the quarter, compared to analysts’ expectations of $279.00 million. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year.
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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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