Trade-Ideas: Seadrill (SDRL) Is Today's Pre-Market Laggard Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Seadrill ( SDRL) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Seadrill as such a stock due to the following factors:

  • SDRL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $222.6 million.
  • SDRL traded 162,820 shares today in the pre-market hours as of 7:46 AM.
  • SDRL is down 3.2% today from Friday's close.

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More details on SDRL:

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The stock currently has a dividend yield of 28.7%. SDRL has a PE ratio of 3. Currently there are 2 analysts that rate Seadrill a buy, 1 analyst rates it a sell, and 3 rate it a hold.

The average volume for Seadrill has been 12.5 million shares per day over the past 30 days. Seadrill has a market cap of $6.9 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.47 and a short float of 12.1% with 2.67 days to cover. Shares are up 17.9% year-to-date as of the close of trading on Friday.

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