BWS Financial analyst Hamed Khorsand maintained a Buy rating on Seadrill Limited today and set a price target of $80.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Hamed Khorsand has given his Buy rating due to a combination of factors influencing Seadrill Limited’s market position and future prospects. Despite the limited contract activity in 2025, Seadrill has managed to secure new awards, indicating potential for future revenue streams. The company is strategically positioned to benefit from an anticipated increase in demand for offshore oil rigs, as supply constraints are expected to tighten with many rigs being decommissioned.
Khorsand also notes that while there is a delay in drilling activity to late 2026, Seadrill’s proactive measures in managing its fleet and securing contracts could mitigate the impact of this delay. The company’s financial metrics, such as its market capitalization and projected EBITDA, further support the Buy rating, suggesting a favorable outlook for investors over the next 12 months.
According to TipRanks, Khorsand is a 5-star analyst with an average return of 8.1% and a 53.50% success rate. Khorsand covers the Technology sector, focusing on stocks such as Innodata, Adeia, and Ubiquiti Networks.
In another report released on August 1, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $32.00 price target.