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Tale of the Tape

SeaDrill Limited (SDRL - Snapshot Report) saw a big move last session, as the company’s shares fell more than 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $37.75 to $35.49 in the past one-month time frame. 

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

SDRL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is zero.

Some better-ranked stocks in the basic material sector include Helmerich & Payne, Inc. (HP - Analyst Report), New Source Energy Partners L.P. (NSLP - Snapshot Report) and Patterson-UTI Energy Inc. (PTEN - Analyst Report).  All these stocks carry a Zacks Rank #1 (Strong Buy).

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