SeaDrill Limited (NYSE:SDRL) runs in leading trade, it declining -3.51% to traded at $3.30. SDRL attains analyst recommendation of 3.70 on scale of 1-5 with week’s performance of -3.23%.
On December 29, 2016, Seadrill (SDRL) reported that it has secured a three-year contract extension from Saudi Aramco for its jackup AOD III. Seadrill has a long-term relationship with Saudi Aramco. The contract will now extend to December 2019. The rig has been working for Saudi Aramco since 2013.
To find out the technical position of SDRL, it holds price to book ratio of 0.18 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. It has forward price to earnings ratio of 37.08. SDRL is presenting price to cash flow of 1.30 and free cash flow concluded as 1.85. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -118.10%, and looking further price to next year’s EPS is -91.37%. While take a short look on price to sales ratio, that was 0.50.
Callon Petroleum Company (NYSE:CPE) kept active in under and overvalue discussion, CPE holds price to book ratio of 1.92 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation.
Fundament/ News Factor in Focus
Taking look on ratio analysis, CPE has forward price to earnings ratio of 30.06. The co is presenting price to cash flow as 9.56, the low single digit may indicate stock is undervalued and vice versa. The firm has price volatility of 3.05% for a week and 3.12% for a month. Its beta stands at 1.79 times. Narrow down four to firm performance, its weekly performance was 0.33% and monthly performance was -8.27%.