Seadrill Partners LLC (SDLP) Receives Average Rating of “Hold” from Analysts
Seadrill Partners LLC (NASDAQ:SDLP) has been given a consensus recommendation of “Hold” by the five analysts that are presently covering the stock. Two research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $7.50.
A number of research analysts have recently commented on SDLP shares. Zacks Investment Research downgraded Seadrill Partners from a “buy” rating to a “sell” rating in a research report on Wednesday, November 9th. Wells Fargo & Co. downgraded Seadrill Partners from a “market perform” rating to an “underperform” rating in a research report on Friday, September 9th. Finally, Morgan Stanley set a $7.50 price target on Seadrill Partners and gave the stock a “hold” rating in a research report on Sunday, August 28th.
A number of hedge funds have recently modified their holdings of SDLP. Acadian Asset Management LLC bought a new stake in shares of Seadrill Partners during the third quarter worth about $4,151,000. NEXT Financial Group Inc acquired a new stake in Seadrill Partners during the third quarter worth $746,000. Emerald Acquisition Ltd. acquired a new stake in Seadrill Partners during the third quarter worth $674,000. Lucus Advisors LLC raised its stake in Seadrill Partners by 83.2% in the third quarter. Lucus Advisors LLC now owns 114,212 shares of the company’s stock worth $403,000 after buying an additional 51,876 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its stake in Seadrill Partners by 179.5% in the third quarter. Acrospire Investment Management LLC now owns 76,556 shares of the company’s stock worth $270,000 after buying an additional 49,165 shares during the last quarter.
Seadrill Partners (NASDAQ:SDLP) opened at 3.51 on Monday. The stock has a market capitalization of $322.29 million and a P/E ratio of 1.78. Seadrill Partners has a 52 week low of $1.70 and a 52 week high of $8.78. The company has a 50 day moving average of $3.42 and a 200 day moving average of $4.28.
The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, November 7th were given a $0.10 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 11.40%.
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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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