Shares of Seadrill Partners LLC (NASDAQ:SDLP) have been assigned an average broker rating score of 3.67 (Sell) from the three brokers that provide coverage for 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 22.3% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a twelve-month consensus price target of $7.25 for the company and are predicting that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also given Seadrill Partners an industry rank of 68 out of 265 based on the ratings given to its competitors.
Several equities research analysts have issued reports on the company. Morgan Stanley downgraded Seadrill Partners from an “overweight” rating to an “equal weight” rating and set a $7.50 price objective on the stock. in a report on Tuesday, July 26th. Wells Fargo & Co. restated a “hold” rating and set a $2.50 price objective on shares of Seadrill Partners in a report on Thursday, July 7th. Finally, Zacks Investment Research upgraded Seadrill Partners from a “sell” rating to a “hold” rating in a report on Friday, September 9th.
An institutional investor recently raised its position in Seadrill Partners stock. Eqis Capital Management Inc. boosted its position in shares of Seadrill Partners LLC (NASDAQ:SDLP) by 30.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,407 shares of the company’s stock after buying an additional 8,775 shares during the period. Eqis Capital Management Inc.’s holdings in Seadrill Partners were worth $132,000 as of its most recent filing with the SEC.
Seadrill Partners (NASDAQ:SDLP) traded up 3.438% on Wednesday, reaching $3.641. The company’s stock had a trading volume of 281,426 shares. The firm has a 50-day moving average price of $3.41 and a 200 day moving average price of $4.51. The firm has a market capitalization of $334.32 million and a P/E ratio of 1.847. Seadrill Partners has a 52-week low of $1.70 and a 52-week high of $12.20.
Seadrill Partners Company Profile
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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