Seadrill (SDRL)
Runs deepwater drilling rigs for oil and gas operators under dayrate contracts.
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Owns and operates drillships, semi-submersibles, and a harsh-environment jackup, earning dayrates from offshore oil and gas operators plus fees from managed rigs. The floater-focused fleet spans deepwater basins, while revenue depends on utilization, customer drilling budgets, and regulatory clearance.
Owns and operates drillships, semi-submersibles, and a harsh-environment jackup for offshore oil and gas wells, primarily under fixed-term or well-based dayrate contracts. The floater-focused fleet handles benign and harsh environments from shallow water to ultra-deepwater. Work is concentrated in Brazil and the U.S. Gulf, alongside Angola, Norway, and Malaysia.
Competes by matching modern rig specifications and experienced crews to technically demanding programs, while keeping equipment available and efficient. It also earns management and leasing fees through Sonadrill, the Angolan joint venture that operates Seadrill- and Sonangol-owned drillships. Revenue depends on contracted dayrates, utilization, and customers’ offshore spending; downtime reduces pay, while each market imposes safety, environmental, and maritime rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 30, 2026 | Capital One Financial | Target | Target: — | Target: $55 |
| May 7, 2026 | Barclays | Upgrade | ||
| Apr 17, 2026 | BTIG | Reiterate | Rating: —Target: $40 | Target: $55 |
| Mar 5, 2026 | Citigroup | Upgrade | ||
| Feb 18, 2026 | Barclays | Target | Target: $33 | Target: $39 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $337.0M · Total debt $737.0M · Total assets $4.11B · Shareholders' equity $2.86B
- Revenue
- $449.0M
- Operating income
- $72.0M
- Net income
- $29.0M
No dividends on record.
| Institutions | ≈ 97.18% | 60.78M shares | |
|---|---|---|---|
| 245 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.45% | 281.3K shares | |
| 12 holders · as of Jun 12, 2026 | |||
| Other | ≈ 2.37% | 1.48M shares | |
| remainder | |||
62.54M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.77% | 5.49M | as of Jun 30, 2026 |
Elliott Investment Management L.P.Institution | 7.10% | 4.44M | as of Jun 30, 2026 |
The Export-Import Bank of KoreaInstitution | 6.09% | 3.81M | filed Jan 31, 2023 |
Dimensional Fund Advisors LPInstitution | 5.81% | 3.63M | as of Jun 30, 2026 |
Korea Trade Insurance CorporationInstitution | 5.74% | 3.59M | filed Jan 31, 2023 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 11, 2026 | Marcel Wieggers | officer: Senior VP, Operations | −13,475 | $44.94 |
| Jun 10, 2026 | Todd D. Strickler | officer: SVP & General Counsel | −31,409 | $44.69 |
| Jun 11, 2026 | Grant R. Creed | officer: Executive Vice President & CFO | −34,147 | $44.79 |
| Jun 10, 2026 | Torsten Sauer-Petersen | officer: See Remarks | −42,625 | $44.68 |
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- Borr
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Seadrill | $47.19 | +1.31% | $2.91B | 1,552.7 | 22.5 | 1.9 | +19.1% |
| Transocean | $5.49 | +0.73% | $5.54B | — | 28.9 | 1.3 | −2.2% |
| Valaris | $82.70 | +1.11% | $5.66B | 6.1 | 13.5 | 2.6 | −12.4% |
| Noble | $45.33 | +2.56% | $7.06B | 47.5 | 47.5 | 2.3 | −15.2% |
| Borr | $4.43 | −0.11% | $1.36B | — | — | 1.3 | −13.2% |
| Median | 26.8 | 28.9 | 1.8 | −12.8% |