Zacks: Seadrill Partners LLC (NYSE:SDLP) Receives Average Rating of “Hold” from Analysts
Shares of Seadrill Partners LLC (NYSE:SDLP) have been given a consensus broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating. Seadrill Partners’ rating score has declined by 28.8% in the last three months as a result of various analysts’ upgrades and downgrades.
Analysts have set a one year consensus price objective of $7.25 for the company and are predicting that the company will post $0.50 earnings per share for the current quarter, according to Zacks. Zacks has also given Seadrill Partners an industry rank of 77 out of 265 based on the ratings given to its competitors.
SDLP has been the topic of several recent research reports. Zacks Investment Research lowered Seadrill Partners from a “buy” rating to a “sell” rating in a report on Thursday, May 19th. Morgan Stanley lowered Seadrill Partners from an “overweight” rating to an “equal weight” rating in a report on Tuesday, July 26th.
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Seadrill Partners (NYSE:SDLP) traded down 4.605% during mid-day trading on Friday, reaching $3.625. The company had a trading volume of 593,469 shares. The stock has a 50-day moving average of $4.03 and a 200 day moving average of $4.48. The company has a market capitalization of $332.85 million, a price-to-earnings ratio of 1.839 and a beta of 2.20. Seadrill Partners has a 12-month low of $1.70 and a 12-month high of $12.20.
Seadrill Partners Company Profile
Seadrill Partners LLC owns, operates and acquires offshore drilling rigs. The Company’s drilling units are under long-term contracts with oil companies, such as Chevron, BP, ExxonMobil and Tullow. The Company provides services to these customers with its fleet. The Company’s fleet consists of the semi-submersible West Aquarius, West Capricorn, West Leo, West Sirius; the semi-tender West Vencedor; the tender rig T-15 and T-16; the drillship West Auriga, West Vela, and West Capella.
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