Seadrill

SDRL · NYSE

$47.74−$0.49 (−1.02%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $48.23

SDRL analyst rating

BuyConsensus of 4 analysts over the last 12 months. 75% rate it a buy.

Strong buy0
Buy3
Hold1
Underperform0
Sell0

12-month price target · 12 analysts

Average $56.74 (+18.8% upside)

Low: $40.40
Now: $47.74
High: $84.00

Upgrades and downgrades

The latest rating actions, newest first

SDRL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
BWS Financial	Oct 14, 2026	Maintains	Buy	$80.00	56%
BWS Financial	Aug 11, 2026	Maintains	Buy	$80.00	56%
BWS Financial	Jun 29, 2026	Maintains	Buy	$80.00	56%
Barclays	May 7, 2026	Upgrade	Equal-Weight → Overweight	$41.00 → $59.00	51%
BTIG	Apr 17, 2026	Maintains	Buy	$50.00 → $55.00	45%
Citigroup	Apr 15, 2026	Maintains	Neutral	$46.00 → $48.00	48%
BWS Financial	Apr 7, 2026	Maintains	Buy	$80.00	56%
Citigroup	Mar 5, 2026	Upgrade	Sell → Neutral	$32.00 → $46.00	48%
Barclays	Mar 2, 2026	Maintains	Equal-Weight	$39.00 → $41.00	51%
BWS Financial	Jan 23, 2026	Maintains	Buy	$80.00	56%

The case for and against

Updated Oct 21, 2026

Bull case

Seadrill is benefiting from a tighter offshore drilling market that is translating into more signed contracts, higher day rates, and better utilization across its fleet. The recent West Carina award after a year idle, the West Capella extension notices in Malaysia, and Sonangol Libongos work secured through January 2030 all support longer revenue visibility and improve operational momentum. With expected positive free cash flow this year and a continuation of the current trend in 2027 even without incremental wins, the company appears well positioned to capitalize on strong demand while the market may still be underestimating the depth of the supply squeeze.

Bear case

Seadrill is facing a disconnect between its relatively full 2026 rig schedule and the market’s more cautious expectations, which suggests investors are discounting weaker future demand rather than rewarding near-term utilization. The recent decline in oil prices has heightened concern that offshore drillers may struggle to secure follow-on contracts, and that risk directly threatens Seadrill’s visibility beyond the current backlog. With Brazil as its largest revenue source and a business dependent on capital-intensive rigs, the stock remains vulnerable to sentiment shifts tied to crude pricing and future work availability.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.