Seadrill Limited, the Energy sector company, was revisited by a Wall Street analyst yesterday. Analyst Hamed Khorsand from BWS Financial maintained a Buy rating on the stock and has a $80.00 price target.
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Hamed Khorsand has given his Buy rating due to a combination of factors that highlight Seadrill Limited’s strong financial performance and strategic positioning. The company reported third-quarter revenue that surpassed expectations, achieving $363 million compared to the estimated $329 million, primarily driven by continued spot contract work in the Gulf of Mexico.
Additionally, Seadrill successfully addressed concerns about rig availability for 2026 by securing new contracts without needing to reduce day rates, which is a positive indicator for future revenue stability. The updated revenue guidance for 2025, ranging from $1.36 billion to $1.39 billion, along with an adjusted EBITDA forecast of $330 million to $360 million, further supports the Buy rating by showcasing the company’s solid financial outlook.
In another report released on November 7, BTIG also maintained a Buy rating on the stock with a $33.00 price target.