Vetr Top Raters Downgrade Seadrill
Shares of Seadrill Ltd (NYSE: SDRL) have plunged lower by around 40 percent since the start of 2016 and are lower by around 80 percent over the past year.
The stock's large losses and underperformance likely prompted the Vetr Crowd to downgrade Seadrill's stock rating to three stars out of a possible five stars.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
Shares of Seadrill have risen to $1.83 since the prior five-star rating was issued 27 days ago.
Despite a downgrade from a perfect five stars to three stars, 81 percent of the Crowd's ratings are bullish. On the other hand, the Crowd sourced price target of $1.81 implies a potential downside of around 8.50 percent.
Image Credit: Public Domain
Latest Ratings for SDRL
|Jul 2016||Morgan Stanley||Downgrades||Overweight||Equal-Weight|
|Jan 2016||Morgan Stanley||Downgrades||Overweight||Equal-Weight|
|Jan 2016||Bank of America||Downgrades||Neutral||Underperform|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.