Shares of Seadrill Partners LLC (NASDAQ:SDLP) have been assigned a consensus broker rating score of 3.67 (Sell) from the three brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating and two have issued a hold rating on the company. Seadrill Partners’ rating score has declined by 57.5% in the last three months as a result of a number of analysts’ ratings changes.
Brokerages have set a twelve-month consensus price objective of $7.25 for the company and are forecasting that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also assigned Seadrill Partners an industry rank of 159 out of 265 based on the ratings given to its competitors.
A number of research analysts have recently commented on SDLP shares. Wells Fargo & Co. downgraded shares of Seadrill Partners from a “market perform” rating to an “underperform” rating in a research report on Friday, September 9th. Zacks Investment Research raised shares of Seadrill Partners from a “sell” rating to a “hold” rating in a research report on Saturday, September 3rd. Finally, Morgan Stanley downgraded shares of Seadrill Partners from an “overweight” rating to an “equal weight” rating and set a $7.50 price objective for the company. in a research report on Tuesday, July 26th.
Shares of Seadrill Partners (NASDAQ:SDLP) opened at 3.31 on Thursday. The company has a 50-day moving average price of $3.50 and a 200 day moving average price of $4.53. Seadrill Partners has a one year low of $1.70 and a one year high of $12.20. The company has a market capitalization of $303.93 million and a price-to-earnings ratio of 1.68.
About Seadrill Partners
Seadrill Partners LLC is an offshore deepwater drilling company. The Company owns, operates and acquires offshore drilling units. The Company’s subsidiaries include Seadrill Operating LP, Seadrill Capricorn Holdings LLC and Seadrill Partners Operating LLC (collectively, OPCO). The Company’s segment is OPCO’s fleet.
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