With 0.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.18 million shares. The 52-week range on SDRL shows that it touched its highest point at $56.46 and its lowest point at $17.74 during that stretch. It currently has a 1-year price target of $40.27.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SDRL was up-trending over the past week, with a rise of 11.39%, but this was up by 13.94% over a month. Three-month performance dropped to -36.02% while six-month performance fell -41.06%. The stock lost -54.23% in the past year, while it has lost -41.23% so far this year. A look at the trailing 12-month EPS for SDRL yields 6.38 with Next year EPS estimates of 3.20. For the next quarter, that number is 0.41. This implies an EPS growth rate of -74.78% for this year and 98.88% for next year.
Float and Shares Shorts:
At present, 68.83 million SDRL shares are outstanding with a float of 65.44 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SDRL since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.61951 being high and $2.76756 being low. For SDRL, this leads to a yearly average estimate of $3.16673.
