SeaDrill Limited (SDRL) shares are up $0.55, or 4.68%, to $12.30 in pre-market trading Thursday after the company reported its fourth quarter earnings results.
The offshore contract driller reported earnings of $0.32 per share on revenues of $1.261 billion, down 14.2% from a year ago. Analysts were expecting EPS of $0.62 on revenues of $1.259 billion.
Operating profit for the quarter came in at $452 million compared to $461 million in the preceding quarter. Net income was $150 million. As of Dec. 31, 2014, total assets were $26,506 million, a decrease of $881 million compared to the previous quarter.
On valuation measures, SeaDrill Ltd. shares, which currently have an average 3-month trading volume of 17.7 million shares, trade at a trailing-12 P/E of 1.39, a forward P/E of 4.38 and a P/E to growth ratio of (6.64). The median Wall Street price target on the name is $11.08 with a high target of $30.00. Currently ticker boasts 6 ‘Buy’ endorsements, compared to 11 ’Holds’ and 13 ‘Sell’.
Profitability-wise, SDRL has a t-12 profit and operating margin of 85.04% and 36.47%, respectively. The $5.79 billion market cap company reported $831 million in cash vs. $14.14 billion in debt in its most recent quarter.
SDRL currently prints a one year loss of about 64% and a year-to-date loss of around 1.60%.
The chart below shows where the equity has traded over the last 52 weeks.
SeaDrill Ltd. is a in Hamilton, Bermuda-based offshore drilling contractor that provides offshore drilling services to the oil and gas industry worldwide.