SeaDrill Limited SDRL saw a big move last session, as the company's shares fell nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SDRL, as the stock is now down over 17% since Sep 3.
Although this slump was obviously disappointing, the offshore drilling firm has seen 2 positive revisions and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for SDRL. So make sure to keep an eye on this stock going forward to see if yesterday's price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
SDRL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the oil and gas drilling industry include Patterson-UTI Energy Inc. PTEN, Pioneer Energy Services Corp. PES and Nabors Industries Ltd. NBR. While Patterson-UTI and Pioneer Energy carry a Zacks Rank #1 (Strong Buy), Nabors holds a Zacks Rank #2 (Buy).
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Although this slump was obviously disappointing, the offshore drilling firm has seen 2 positive revisions and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for SDRL. So make sure to keep an eye on this stock going forward to see if yesterday's price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
SDRL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the oil and gas drilling industry include Patterson-UTI Energy Inc. PTEN, Pioneer Energy Services Corp. PES and Nabors Industries Ltd. NBR. While Patterson-UTI and Pioneer Energy carry a Zacks Rank #1 (Strong Buy), Nabors holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SEADRILL LTD SDRL: Free Stock Analysis Report
PATTERSON-UTI PTEN: Free Stock Analysis Report
PIONEER EGY SVC PES: Free Stock Analysis Report
NABORS IND NBR: Free Stock Analysis Report
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