SDRL Seadrill Limited

Seadrill (NYSE:SDRL) stock price has crossed above its two hundred day moving average, trading as high as $33.85. The company recently reported Q3 EPS of ($0.17), missing estimates, but revenue of $363.0M beat expectations. Analysts currently have an average "Hold" rating on the stock with a consensus price target of $41.60.

Seadrill (SDRL) recently secured new contracts for its West Neptune and Sevan Louisiana rigs in the U.S. Gulf and extended operations for the Sonangol Quenguela in Angola through February 2027, adding approximately US$48 million to its backlog. These developments improve near-term utilization and rig visibility, particularly the Sonangol Quenguela extension which mitigates risks of idle time in Angola. While these contracts strengthen the company's position to navigate a softer cycle, potential legal and regulatory challenges, along with day rate pressures, remain key considerations for investors.

Seadrill Limited secured new contracts for drilling rigs in the U.S. Gulf and an extension for operations in Angola, adding approximately US$48 million to its backlog. These developments enhance near-term utilization and rig visibility, particularly the Angola extension which addresses political and administrative delay risks. However, the company still faces challenges from softer day rates through 2026 and potential legal setbacks, which investors must consider alongside the improved contract visibility.

Seadrill Limited (NYSE:SDRL) has received a consensus "Hold" rating from analysts, with an average 12-month target price of $41.60. The company recently reported an EPS miss of ($0.17) against expectations of $0.26, though revenue exceeded estimates at $363.0M. Institutional investors hold a significant 95.67% stake in the offshore drilling services provider.

Seadrill Limited recently announced new contract awards for rigs in the U.S. Gulf of Mexico and an extension in Angola, securing work into February 2027 and adding $48 million to its backlog. While these deals support near-term utilization and backlog, they do not fundamentally alter the key near-term catalyst or risks related to day rates and margin pressure. The Angola extension is particularly relevant as it addresses idle time risk in a challenging region, reducing revenue volatility for that specific rig.

Seadrill Limited has secured multiple drillship contracts, expanding its backlog and strengthening customer relationships. These include contracts for the West Neptune and Sevan Louisiana drillships in the US Gulf of Mexico and an extension for the Sonangol Quenguela drillship in Angola, extending its operations until February 2027. The contracts help Seadrill avoid idle periods and ensure revenue visibility well into 2027.