3. As of noon trading, Seadrill ( SDRL) is down $1.03 (-2.5%) to $39.88 on heavy volume Thus far, 1.7 million shares of Seadrill exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $39.82-$40.88 after having opened the day at $40.84 as compared to the previous trading day's close of $40.91. Seadrill Limited provides offshore drilling services to the oil and gas industry worldwide. Its services include drilling, completion, and maintenance of offshore wells; production drilling and well maintenance; and well services. Seadrill has a market cap of $18.8 billion and is part of the basic materials sector. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. Shares are up 11.2% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Seadrill as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, growth in earnings per share, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Seadrill Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.