Seadrill Partners (SDLP) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Seadrill Partners (NASDAQ:SDLP) posted its quarterly earnings results on Wednesday. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03, Analyst Ratings.Net reports.
SDLP has been the subject of a number of recent research reports. Analysts at Global Hunter Securities reiterated a “buy” rating on shares of Seadrill Partners in a research note on Thursday, May 29th. They now have a $37.00 price target on the stock, up previously from $36.00. Analysts at RBC Capital raised their price target on shares of Seadrill Partners from $38.00 to $40.00 in a research note on Thursday, May 29th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Seadrill Partners has a consensus rating of “Buy” and a consensus price target of $71.22.
Seadrill Partners (NASDAQ:SDLP) traded up 0.18% on Wednesday, hitting $33.70. The stock had a trading volume of 142,658 shares. Seadrill Partners has a 52-week low of $28.57 and a 52-week high of $36.07. The stock’s 50-day moving average is $33.08 and its 200-day moving average is $31.66. The company has a market cap of $2.512 billion and a price-to-earnings ratio of 18.82.
Seadrill Partners LLC (NASDAQ:SDLP) is a limited liability company.
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