Shares of Seadrill Partners LLC (NYSE:SDLP) have been given an average recommendation of “Hold” by the five ratings firms that are covering the firm. Two analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company.

Several analysts have issued reports on the stock. Wells Fargo & Co. downgraded shares of Seadrill Partners from a “market perform” rating to an “underperform” rating in a research note on Friday, September 9th. Morgan Stanley downgraded shares of Seadrill Partners from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 26th.

Institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in Seadrill Partners by 3.9% in the first quarter. State Street Corp now owns 42,397 shares of the company’s stock worth $148,000 after buying an additional 1,583 shares during the period. Barclays PLC increased its position in Seadrill Partners by 7.9% in the first quarter. Barclays PLC now owns 86,197 shares of the company’s stock worth $259,000 after buying an additional 6,317 shares during the period. Finally, Babson Capital Management LLC increased its position in Seadrill Partners by 326.1% in the first quarter. Babson Capital Management LLC now owns 635,944 shares of the company’s stock worth $2,213,000 after buying an additional 486,700 shares during the period.

Shares of Seadrill Partners (NYSE:SDLP) traded up 0.27% during mid-day trading on Monday, hitting $3.69. The stock had a trading volume of 194,762 shares. The firm’s 50 day moving average price is $3.42 and its 200-day moving average price is $4.50. The company has a market cap of $338.82 million, a PE ratio of 1.87 and a beta of 2.20. Seadrill Partners has a one year low of $1.70 and a one year 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.

5 Day Chart for NYSE:SDLP

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