Seadrill Partners LLC Rating Increased to Outperform at Zacks (SDLP)
Seadrill Partners LLC (NASDAQ:SDLP) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a $36.00 price objective on the stock. Zacks‘ price target would indicate a potential upside of 6.89% from the stock’s previous close.
SDLP has been the subject of a number of other recent research reports. Analysts at Global Hunter Securities initiated coverage on shares of Seadrill Partners LLC (NASDAQ:SDLP) in a research note to investors on Monday, September 16th. They set a “buy” rating and a $35.00 price target on the stock. Separately, analysts at Sanford C. Bernstein cut their price target on shares of Seadrill Partners LLC (NASDAQ:SDLP) from $39.00 to $38.00 in a research note to investors on Friday, September 13th. They now have a “market perform” rating on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of Seadrill Partners LLC (NASDAQ:SDLP) in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $36.86.
Seadrill Partners LLC (NASDAQ:SDLP) traded down 3.25% during mid-day trading on Wednesday, hitting $32.585. 35,777 shares of the company’s stock traded hands. Seadrill Partners LLC has a 52-week low of $22.90 and a 52-week high of $34.30. The stock’s 50-day moving average is $30. and its 200-day moving average is $29.10. The company’s market cap is $1.348 billion.
Seadrill Partners LLC (NASDAQ:SDLP) is a limited liability company.
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