Seadrill (Buy, TP: USD20.00) - A leveraged opportunity
Following Seadrill’s emergence from Chapter 11, commencement of trading in the stock, and our recently published reports on the company, we recommend BUY (NO REC) with a target price of USD 20. We have based our target price on our USD14/share NAV estimate and peer group valuation of USD26/share. Due to Seadrill’s high financial and operational leverage and limited amount of shares available for trading, we expect to see high volatility.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.