SeaDrill Limited (SDRL) was a big mover last session, as the company saw its shares roughly 11% on the day as oil prices recovered slightly. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 42.12% in the past one-month time frame.
This oil and gas industry stock witnessed one negative estimate revision over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
SeaDrill Limited has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
However, Seadrill Partners LLC (SDLP) is a better-ranked stock in the same industry, sporting a Zacks Rank #1 (Strong Buy).
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