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NEW YORK (TheStreet) -- SeaDrill Limited (SDRL)  shares are slumping 0.93% to $3.20 on Thursday afternoon as oil futures were weighed down by the stronger dollar and persisting oil supply concerns.

Crude oil (WTI) is decreasing 1.06% to $39.37 per barrel and Brent crude is falling 0.44% to $40.29 per barrel.

Futures were still getting pressured by the Energy Information Administration (EIA) report on Wednesday which showed stockpiles increasing 9.4 million barrels last week, three times more than analysts' expectations.

However, oil pared losses immediately after Baker Hughes (BHI) reported this afternoon that the number of rigs operating in the U.S. dropped by 15 in the previous week.

Based in Bermuda, Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide.

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TheStreet Recommends

Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D.

The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself.

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' author.

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

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