With 0.5 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.13 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 $38.73.
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 down-trending over the past week, with a drop of -2.69%, but this was up by 14.27% over a month. Three-month performance dropped to -23.57% while six-month performance fell -39.81%. The stock lost -53.21% in the past year, while it has lost -38.71% so far this year. A look at the trailing 12-month EPS for SDRL yields 5.34 with Next year EPS estimates of 2.29. For the next quarter, that number is 0.72. This implies an EPS growth rate of -81.63% for this year and 95.36% for next year.
Float and Shares Shorts:
At present, 68.83 million SDRL shares are outstanding with a float of 65.49 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 $3.68684 being high and $2.86484 being low. For SDRL, this leads to a yearly average estimate of $3.16673. Based on analyst estimates, the high estimate for the next quarter is $0.7 and the low estimate is $0.11. The average estimate for the next quarter is thus $0.48.
