Seadrill Limited stock jumps 7% as oil rally blunts Citi downgrade
Seadrill Ltd shares jumped 7.0% to $36.01 Tuesday, outpacing offshore drilling rivals after oil prices climbed nearly 3%. The rally followed a Citi downgrade to “Sell” with a $32 target, citing rig downtime risks for 2026 EBITDA. Trading volume topped 420,000 shares. Brent crude reached $65.75 a barrel, while WTI hit $61.29.