Joint Venture Contracts: Seadrill Limited's joint venture, Sonadrill Holding Ltd, has secured two contracts for drilling operations in Angola, enhancing its long-term prospects.
Contract Details: The West Gemini drillship will work with Sonangol for approximately 284 days starting late 2025 or early 2026, while the Sonangol Libongos is contracted for 525 days with options for extension, beginning in Q3 2025.
Operational Support: Seadrill provides management and operational support to Sonadrill, which currently operates three drillships, including two owned by Sonangol.
Forward-Looking Statements: The announcement includes forward-looking statements regarding business performance and risks that could affect actual results, emphasizing uncertainties in the offshore drilling market.
SDRL
$30.13+Infinity%1D
Analyst Views on SDRL
Wall Street analysts forecast SDRL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SDRL is 44.20 USD with a low forecast of 32.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
Wall Street analysts forecast SDRL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SDRL is 44.20 USD with a low forecast of 32.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 31.990
Low
32.00
Averages
44.20
High
80.00
Current: 31.990
Low
32.00
Averages
44.20
High
80.00
Citi
Buy
to
Neutral
downgrade
$42 -> $35
2025-12-11
New
Reason
Citi
Price Target
$42 -> $35
2025-12-11
New
downgrade
Buy
to
Neutral
Reason
Citi downgraded Seadrill to Neutral from Buy with a price target of $35, down from $42. The firm downgraded the shares as part of its 2026 outlook for the oil and gas equipment and services group. Citi believes the offshore drillers are at risk of contract resets in Brazil and softness in rates as they book 2027 rig time during 2026. It sees Seadrill's valuation as fair at current levels.
Barclays
Equal Weight
downgrade
$33 -> $32
2025-11-10
Reason
Barclays
Price Target
$33 -> $32
2025-11-10
downgrade
Equal Weight
Reason
Barclays lowered the firm's price target on Seadrill to $32 from $33 and keeps an Equal Weight rating on the shares following the Q3 report.
SEB Equities
Kim Andre Uggedal
Hold
to
Buy
upgrade
$34
2025-11-07
Reason
SEB Equities
Kim Andre Uggedal
Price Target
$34
2025-11-07
upgrade
Hold
to
Buy
Reason
SEB Equities analyst Kim Andre Uggedal upgraded Seadrill to Buy from Hold with a $34 price target.
SEB Equities
Kim Andre Uggedal
Buy
to
Hold
downgrade
$33
2025-09-01
Reason
SEB Equities
Kim Andre Uggedal
Price Target
$33
2025-09-01
downgrade
Buy
to
Hold
Reason
SEB Equities analyst Kim Andre Uggedal downgraded Seadrill to Hold from Buy with a $33 price target.
About SDRL
Seadrill Limited is an offshore drilling contractor. The Company is engaged in providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drill ships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deepwater in both benign and harsh environments. Its fleet portfolio includes West Phoenix, West Aquarius, West Eclipse, Sevan Louisiana, West Capella, West Gemini, West Tellus, West Neptune, West Jupiter, West Saturn, West Carina, West Polaris, West Auriga, West Vela, West Castor, West Tucana, West Telesto, and West Elara. Its drill ships are self-propelled ships equipped for drilling offshore in water depths ranging from approximately 1,000 to 12,000 feet and are positioned over the well through a computer-controlled thruster system. Its customers include oil super-majors, state-owned national oil companies, and independent oil and gas companies. It also provides management services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
