NEW YORK (TheStreet) -- Shares of Seadrill (SDRL) - Get Report are declining by 0.8% to $1.81 on Thursday morning, after the company reported its 2015 fourth quarter results.

Before today's opening bell, the offshore drilling contractor posted adjusted earnings of 54 cents per diluted share, beating analysts' estimates of 46 cents per share.

Operating revenue was $959 million, which fell short of Wall Street's projections of $976.11 million.

"In the face of the severe downturn in our industry our priorities for 2016 are to conserve cash and address our financing needs," CEO Per Wullf said in a statement this morning.

"We have a modern competitive fleet, a proven track record in operations and every intention to position ourselves for a recovery in the sector," Wullf added.

Additionally, Seadrill's stock could be pressured by lower oil prices today.

Crude oil (WTI) is dipping 3.11% to $31.15 per barrel this morning and Brent crude is slipping 2.82% to $33.44 per barrel, according to the index.

Separately, TheStreet Ratings Team has a "Sell" with a ratings score of D.

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This is driven by multiple weaknesses, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered.

The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: SDRL

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