Seadrill Partners LLC (NASDAQ:SDLP) announced its quarterly earnings results on Wednesday, May 24th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.43, Morningstar.com reports. The business had revenue of $327.50 million for the quarter, compared to analyst estimates of $367 million. Seadrill Partners had a net margin of 32.64% and a return on equity of 18.72%.

Shares of Seadrill Partners (SDLP) traded up 0.92% during midday trading on Friday, hitting $3.28. 146,263 shares of the stock were exchanged. The stock has a market cap of $301.17 million and a P/E ratio of 1.01. The firm has a 50 day moving average of $3.22 and a 200-day moving average of $3.72. Seadrill Partners has a 12 month low of $2.70 and a 12 month high of $6.45.

Earnings History for Seadrill Partners (NASDAQ:SDLP)

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Seadrill Partners by 160.8% in the first quarter. Bank of America Corp DE now owns 2,559,492 shares of the oil and gas company’s stock worth $9,214,000 after buying an additional 1,577,949 shares during the period. UBS Group AG raised its stake in Seadrill Partners by 129.5% in the first quarter. UBS Group AG now owns 264,677 shares of the oil and gas company’s stock worth $953,000 after buying an additional 149,337 shares during the last quarter. Nine Chapters Capital Management LLC purchased a new stake in Seadrill Partners during the first quarter worth $104,000. Acrospire Investment Management LLC raised its stake in Seadrill Partners by 1.2% in the first quarter. Acrospire Investment Management LLC now owns 27,735 shares of the oil and gas company’s stock worth $100,000 after buying an additional 335 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. purchased a new stake in Seadrill Partners during the first quarter worth $3,184,000.

SDLP has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Seadrill Partners from a “buy” rating to a “hold” rating in a report on Friday, March 10th. ValuEngine lowered shares of Seadrill Partners from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.

ILLEGAL ACTIVITY WARNING: “Seadrill Partners LLC (SDLP) Posts Earnings Results, Beats Expectations By $0.43 EPS” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/06/16/seadrill-partners-llc-sdlp-posts-earnings-results-beats-estimates-by-0-43-eps-updated-updated.html.

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.

Receive News & Stock Ratings for Seadrill Partners LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seadrill Partners LLC and related stocks with our FREE daily email newsletter.