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SeaDrill Limited (NYSE: SDRL) downgraded to Underperform by BofA/Merrill

Wednesday,  Jan 20, 2016  10:25 AM ET by Dave Ficere

BofA/Merrill downgraded SeaDrill Limited (NYSE: SDRL) to Underperform.
Previously BofA/Merrill rated Buy SeaDrill Limited (NYSE: SDRL) on 07/05/2013, when the stock price was $41.15.

Seadrill Limited, an offshore drilling contractor, provides drilling and well services worldwide. Its fleet comprises harsh-environment semi-submersibles, heavy duty jack-ups, shallow water tender rigs, and deep water drillships. The company also offers platform drilling, well intervention, and engineering services. As of December 31, 2008, it had an interest in 43 offshore drilling units, including 11 units under construction. The company was founded in 1972 and is based in Hamilton, Bermuda.


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