Seadrill Partners LLC Upgraded to Outperform at Zacks (SDLP)
Seadrill Partners LLC (NASDAQ:SDLP) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Monday, Stock Ratings Network reports. The firm currently has a $36.00 price target on the stock. Zacks‘ price objective would suggest a potential upside of 14.50% from the company’s current price.
Shares of Seadrill Partners LLC (NASDAQ:SDLP) traded down 0.99% during mid-day trading on Monday, hitting $31.13. 496,308 shares of the company’s stock traded hands. Seadrill Partners LLC has a 52 week low of $26.04 and a 52 week high of $34.30. The stock has a 50-day moving average of $31.30 and a 200-day moving average of $30.89. The company’s market cap is $1.287 billion.
Seadrill Partners LLC (NASDAQ:SDLP) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.21.
A number of other analysts have also recently weighed in on SDLP. Analysts at Bank of America Corp. initiated coverage on shares of Seadrill Partners LLC in a research note to investors on Tuesday, December 17th. They set a “buy” rating on the stock. Separately, analysts at Thomson Reuters/Verus initiated coverage on shares of Seadrill Partners LLC in a research note to investors on Monday, December 16th. They set a “sell” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Seadrill Partners LLC in a research note to investors on Tuesday, December 10th. They now have a $41.00 price target on the stock, up previously from $36.00. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $80.00.
Seadrill Partners LLC (NASDAQ:SDLP) is a limited liability company.
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