Stock Update (NYSE:SDRL): Seadrill Ltd Names Georgina Sousa to Board of Directors

Seadrill Ltd (NYSE:SDRL) announces that Georgina Sousa has been appointed as a Director of the Company.

Ms. Sousa has served as our corporate secretary since December 2005.  She is currently a Director, Secretary and the Head of Corporate Administration for Frontline Ltd. and a Director and Company Secretary for North Atlantic Drilling Ltd. and Ship Finance International Limited.  Until January 2007, she was Vice-President-Corporate Services of Consolidated Services Limited, a Bermuda Management Company, having joined the firm in 1993 as Manager of Corporate Administration.  From 1982 to 1993 she was employed by the Bermuda law firm of Cox & Wilkinson as Senior Company Secretary and from 1976 to 1982 she was employed by the Bermuda law firm of Appleby, Spurling & Kempe as a Company Secretary. (Original Source)

Shares of Seadrill closed last Wednesday at $6.37, down $0.11 or -1.70%. SDRL has a 1-year high of $15.44 and a 1-year low of $5.60. The stock’s 50-day moving average is $6.69 and its 200-day moving average is $8.70.

On the ratings front, Seadrill has been the subject of a number of recent research reports. In a report issued on November 25, Credit Suisse analyst Gregory Lewis maintained a Sell rating on SDRL, with a price target of $5, which reflects a potential downside of -21.5% from last closing price. Separately, on the same day, Canaccord Genuity’s Alex Brooks reiterated a Sell rating on the stock .

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Gregory Lewis and Alex Brooks have a total average return of -13.0% and 19% respectively. Lewis has a success rate of 28.9% and is ranked #3496 out of 3646 analysts, while Brooks has a success rate of 66.7% and is ranked #615.

Seadrill Ltd provides drilling & well services to the offshore industry. It has a fleet of drilling units that is outfitted to operate in shallow water, mid-water and deepwater areas, in benign & harsh environments.



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