Overbought In A Tight Market: Seadrill's Valuation Overshadows Favorable Dynamics [Seeking Alpha]
Seadrill Limited Common Shares (SDRL)
Last seadrill limited common shares earnings: 8/25 04:01 pm
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US:NYSE Investor Relations:
seadrill.com/investor-relations.aspx
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Source: Seeking Alpha
SDRL's modern fleet and low debt position differentiate it in an oligopolistic offshore drilling market, but scale remains a disadvantage versus larger peers. Despite positive industry dynamics, SDRL trades at a premium EV/EBITDA of 8.69 versus peers' 5.79, implying 16% downside risk if multiples converge. I rate SDRL a Hold, as robust fundamentals are offset by overbidding in the market and downside risk to valuation. Torsten Asmus/iStock via Getty Images Since emerging from Chapter 11 bankruptcy in 2022 , Seadrill Limited's ( SDRL ) efforts at capitalizing on the ongoing upcycle in offshore drilling have resulted in growing revenues, although profitability has still dragged. Current conditions, namely, the This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own op
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News
- Seadrill: Disappointing Quarter But Improving Medium-Term Prospects [Seeking Alpha]Seeking Alpha
- Seadrill (NYSE:SDRL) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- Seadrill (SDRL) Fell This Week. Here is Why [Yahoo! Finance]Yahoo! Finance
- Seadrill (NYSE:SDRL) Valuation: Is the Recent Slide Creating an Opportunity? [Yahoo! Finance]Yahoo! Finance
- Seadrill (NYSE:SDRL) had its "buy" rating reaffirmed by analysts at BWS Financial. They now have a $80.00 price target on the stock.MarketBeat