The stock of Seadrill Partners LLC (NYSE:SDLP) is a huge mover today! About 414,896 shares traded hands. Seadrill Partners LLC (NYSE:SDLP) has declined 21.10% since April 13, 2016 and is downtrending. It has underperformed by 25.03% the S&P500.
The move comes after 5 months positive chart setup for the $311.30 million company. It was reported on Nov, 15 by Barchart.com. We have $5.07 PT which if reached, will make NYSE:SDLP worth $155.65 million more.
Seadrill Partners LLC (NYSE:SDLP) Ratings Coverage
Out of 6 analysts covering Seadrill Partners (NYSE:SDLP), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. Seadrill Partners has been the topic of 6 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock of Seadrill Partners LLC (NYSE:SDLP) has “Neutral” rating given on Friday, December 18 by Seaport Global. The stock has “Equal-Weight” rating given by Morgan Stanley on Tuesday, July 26. The firm earned “Underperform” rating on Friday, September 9 by Wells Fargo. The rating was downgraded by Oppenheimer to “Perform” on Monday, November 30.
According to Zacks Investment Research, “Seadrill Partners LLC is engaged in owning, operating and acquiring offshore drilling rigs. The Company’s drilling rigs are under long-term contracts with major oil companies. Seadrill Partners LLC is based in London, United Kingdom.”
More notable recent Seadrill Partners LLC (NYSE:SDLP) news were published by: Fool.com which released: “Seadrill Partners LLC Sinks After Slashing Its Distribution” on July 26, 2016, also Fool.com with their article: “Here’s Why Seadrill Ltd., Seadrill Partners LLC, and Atwood Oceanics, Inc …” published on April 08, 2016, Seekingalpha.com published: “What Will Happen To Seadrill Partners’ Units In December” on September 27, 2016. More interesting news about Seadrill Partners LLC (NYSE:SDLP) were released by: Fool.com and their article: “Why Seadrill Ltd. and Seadrill Partners LLC Plunged in December” published on January 09, 2016 as well as Moodys.com‘s news article titled: “Moody’s downgrades Seadrill Partners to B2; negative outlook” with publication date: October 21, 2015.
SDLP Company Profile
Seadrill Partners LLC, incorporated on June 28, 2012, is an offshore deepwater drilling company. The Firm 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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