The Board of Seadrill Ltd (NYSE:SDRL) has appointed Anton Dibowitz as Executive Vice President of Seadrill Management Ltd. He will continue to report to CEO, Per Wullf.
In addition to his ongoing role as Chief Commercial Officer, in this new appointment, Mr Dibowitz will take on additional responsibility for day-to-day business administration.
Per Wullf, CEO of Seadrill Management Ltd said, “I am pleased to welcome Anton as Executive Vice President of the company. He has been key to developing Seadrill’s commercial organization since joining in 2007. This arrangement will free up more of my time to focus on strategic matters, leading Seadrill through this downturn and the ongoing refinancing process.”
Mr Dibowitz has almost 20 years’ experience in the drilling industry and has served as Chief Commercial Officer and Senior Vice President since January 2013. He is a Certified Public Accountant and a graduate of the University of Texas at Austin where he holds Masters degrees in Professional Accounting (MPA) and Business Administration (MBA). Mr Dibowitz is a US citizen and resides in London, England. (Original Source)
Shares of Seadrill closed yesterday at $3.19, up $0.07 or 2.24%. SDRL has a 1-year high of $12.88 and a 1-year low of $1.57. The stock’s 50-day moving average is $3.78 and its 200-day moving average is $3.51.
On the ratings front, Seadrill has been the subject of a number of recent research reports. In a report issued on May 27, Merrill Lynch analyst Fiona Maclean reiterated a Sell rating on SDRL, with a price target of $1.70, which implies a downside of 46.7% from current levels. Separately, on the same day, Canaccord Genuity’s Alex Brooks reiterated a Sell rating on the stock .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Fiona Maclean and Alex Brooks have a total average return of -6% and 41% respectively. Maclean has a success rate of 50.0% and is ranked #2,752 out of 3,986 analysts, while Brooks has a success rate of 94.4% and is ranked #124.
Seadrill Ltd. is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, jack-up rigs, tender rigs for operations in shallow, mid, deep, and ultra deep-water areas, and in benign and harsh environments. It operates through the following segments: Floaters, Jack-up Rigs, and Tender Rigs. The Floaters segment offer services encompassing drilling, completion, and maintenance of offshore exploration and production wells. The Jack-up Rigs segment offers drilling services, completion and maintenance of offshore exploration and production wells. The drilling contracts relate to jack-up rigs for operations in harsh and benign environments. The Tender Rigs segment operates self-erecting tender barges and semi-submersible tender rigs, which are used for production drilling and well maintenance in Southeast Asia and West Africa.