Seadrill Stock Hits New 52-Week High (SDRL)

Seadrill (NYSE:SDRL) hit a new 52-week high Thursday as it is currently trading at $42.95, above its previous 52-week high of $42.94 with 942,030 shares traded as of 11:36 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.
By TheStreet Wire ,

NEW YORK (

TheStreet

) --

Seadrill

(NYSE:

SDRL

) hit a new 52-week high Thursday as it is currently trading at $42.95, above its previous 52-week high of $42.94 with 942,030 shares traded as of 11:36 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Seadrill has a market cap of $19.9 billion and is part of the basic materials sector and energy industry. Shares are up 15.2% year to date as of the close of trading on Wednesday.

Seadrill Limited provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Tender Rigs.

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TheStreet Ratings rates

Seadrill

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full

Seadrill Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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