Notable Reporting: It Seems Seadrill Partners LLC Will Go Up. Have Another Big Increase

Notable Reporting: It Seems Seadrill Partners LLC Will Go Up. Have Another Big Increase

The stock of Seadrill Partners LLC (NYSE:SDLP) is a huge mover today! About 976,796 shares traded hands or 91.80% up from the average. Seadrill Partners LLC (NYSE:SDLP) has declined 40.26% since April 27, 2016 and is downtrending. It has underperformed by 45.48% the S&P500.
The move comes after 9 months positive chart setup for the $316.23M company. It was reported on Nov, 30 by Barchart.com. We have $3.71 PT which if reached, will make NYSE:SDLP worth $12.65 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. On Monday, November 30 the stock rating was downgraded by Oppenheimer to “Perform”. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Tuesday, July 26 report. Wells Fargo downgraded the shares of SDLP in a report on Friday, September 9 to “Underperform” rating. The rating was downgraded by Seaport Global on Friday, December 18 to “Neutral”.

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 Seekingalpha.com with their article: “Seadrill Partners – All You Need To Know About The Q3 2016 Results” published on November 25, 2016, Globenewswire.com published: “SSDLP – Seadrill Partners LLC Announces Third Quarter 2016 Results” on November 22, 2016. More interesting news about Seadrill Partners LLC (NYSE:SDLP) were released by: Fool.com and their article: “Why Seadrill Partners LLC Plunged 24% in November” published on December 09, 2015 as well as Seekingalpha.com‘s news article titled: “Seadrill Partners: Worth The Risk?” with publication date: February 25, 2016.

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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