Norway's Seadrill warns of share, bond wipe-out in restructuring

Rig firm Sea Drill shares sink as it warns of potential bankruptcy again

Rig firm Sea Drill shares sink as it warns of potential bankruptcy again

The Median price target for the stock is set at $24.00. These analysts and investment firms use various valuation methods to decide a price target for a stock.

SeaDrill Limited (SDRL) topped its 52-week high price target of 5.21 on April 29, 2016. Sell-side analyst recommendations point to a short term price target of $95.94 on the company shares.

Morgan Stanley Downgrade its coverage for SeaDrill Limited (NYSE:SDRL) in a note sent to investors on 28-Jan-16.

The stock's now has an analysts' mean recommendation of 3.7. Its quick ratio for most recent quarter is 0.60 along with current ratio for most recent quarter of 0.60. Out of rating recommendations 0 have given the stock a Buy while 1 recommend the stock as Outperform. Investors measure stock performance on the basis of a company's earnings power. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Yet another important factor while evaluating a good buy/sell decision for SeaDrill Limited (SDRL) is its Earnings per Share or EPS.

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SeaDrill Limited shares decreased -56.4 percent over the past week and fell -37.54 percent over the previous month. Hence, the surprise factor was 54.8 percent. The Market Capitalization of the company stands at 327 Million.

The stock pared losses to 36 percent at 8.94 kroner a share as of 10:04 Oslo after dropping to 7.51 kroner a share earlier, the lowest level since the company listed in Oslo in 2005.

While looking at the Stock's Performance, SeaDrill Limited now shows a Weekly Performance of -56.4%, where Monthly Performance is -37.54%, Quarterly performance is -80.25%, 6 Months performance is -73.94% and yearly performance percentage is -76.42%. Current price places the company's stock -2.88% away from its 200-day simple moving average, -3.65%, away from the 50-day average and also -1.22% away from 20-day average. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -48.02%.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices.

US$440 million facility relating to both the T-15 & T-16 tender rigs (owned by Seadrill Partners) and the West Telesto jack-up (owned by Seadrill Limited) of which US$119 million was outstanding at the end of 2016 with respect to the T-15 & T-16. The Return on Investment (ROI) is at 0.1% while it's Return on Equity (ROE) value stands at -2%. The stock plunged -80.25 percent over the past quarter, while declined -73.94 percent over the past six months. In particular, statements regarding projected changes in the Company's cash distributions, liquidity, amount of the Company's estimated maintenance and replacement capital expenditures, the Company's anticipated growth strategies and its ability to re-contract its drilling rigs are considered forward looking statements.