The mean of analysts' price targets for Seadrill (SDRL) points to a 30% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
HAMILTON, Bermuda, May 16, 2024--SDRL enters definitive agreement to sell three jack-up rigs. Concurrently, SDRL announces Board increased aggregate repurchase authorization.
Seadrill (SDRL) delivered earnings and revenue surprises of 19.12% and 0.14%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?