NEW YORK (

TheStreet

) --

Seadrill

(NYSE:

SDRL

) hit a new 52-week high Monday as it is currently trading at $41.16, above its previous 52-week high of $41.16 with 2.6 million shares traded as of 12:50 p.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Seadrill has a market cap of $16.69 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 23.2% year to date as of the close of trading on Friday.

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industries worldwide. It also offers platform drilling, well intervention, and engineering services. The company has a P/E ratio of 14.8, above the average energy industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Seadrill as a

hold

. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and feeble growth in the company's earnings per share. You can view the full

Seadrill Ratings Report

.

See all

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