Seadrill Partners LLC (SDLP) Given Average Rating of “Hold” by Brokerages
Seadrill Partners LLC (NYSE:SDLP) has been assigned an average recommendation of “Hold” from the five analysts that are covering the stock. Two research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company.
A number of equities analysts have recently weighed in on SDLP shares. Morgan Stanley cut shares of Seadrill Partners from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, July 26th. Wells Fargo & Co. cut shares of Seadrill Partners from a “market perform” rating to an “underperform” rating in a research report on Friday, September 9th.
Institutional investors have recently made changes to their positions in the company. Babson Capital Management LLC raised its stake in shares of Seadrill Partners by 326.1% in the first quarter. Babson Capital Management LLC now owns 635,944 shares of the company’s stock worth $2,213,000 after buying an additional 486,700 shares during the last quarter. Barclays PLC raised its stake in shares of Seadrill Partners by 7.9% in the first quarter. Barclays PLC now owns 86,197 shares of the company’s stock worth $259,000 after buying an additional 6,317 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Seadrill Partners by 3.9% in the first quarter. State Street Corp now owns 42,397 shares of the company’s stock worth $148,000 after buying an additional 1,583 shares during the last quarter.
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Shares of Seadrill Partners (NYSE:SDLP) traded up 0.27% during midday trading on Monday, reaching $3.69. 194,762 shares of the company were exchanged. The company has a market capitalization of $338.82 million, a P/E ratio of 1.87 and a beta of 2.20. Seadrill Partners has a 52-week low of $1.70 and a 52-week high of $12.20. The stock has a 50-day moving average price of $3.42 and a 200 day moving average price of $4.50.
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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