Seadrill Partners LLC (SDLP) Upgraded by BidaskClub to “Buy”
BidaskClub upgraded shares of Seadrill Partners LLC (NASDAQ:SDLP) from a hold rating to a buy rating in a research report released on Saturday.
Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Seadrill Partners from a hold rating to a buy rating and set a $3.00 target price on the stock in a research note on Tuesday, August 15th. ValuEngine upgraded shares of Seadrill Partners from a hold rating to a buy rating in a research note on Thursday, July 27th.
Seadrill Partners (SDLP) traded up 2.76% during mid-day trading on Friday, reaching $3.72. 236,413 shares of the company were exchanged. Seadrill Partners has a one year low of $2.61 and a one year high of $5.33. The company has a market capitalization of $341.57 million and a PE ratio of 1.36. The stock has a 50-day moving average price of $3.14 and a 200 day moving average price of $3.19.
Seadrill Partners (NASDAQ:SDLP) last posted its earnings results on Thursday, August 24th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.09). The company had revenue of $267.90 million for the quarter, compared to the consensus estimate of $231.00 million. Seadrill Partners had a net margin of 6.20% and a return on equity of 3.76%. Analysts predict that Seadrill Partners will post $1.28 EPS for the current year.
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The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 29th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 10.75%. The ex-dividend date of this dividend was Friday, August 25th.
A number of institutional investors and hedge funds have recently bought and sold shares of SDLP. UBS Group AG lifted its stake in Seadrill Partners by 129.5% during the 1st quarter. UBS Group AG now owns 264,677 shares of the oil and gas company’s stock valued at $953,000 after acquiring an additional 149,337 shares during the period. Bank of America Corp DE lifted its stake in Seadrill Partners by 160.8% during the 1st quarter. Bank of America Corp DE now owns 2,559,492 shares of the oil and gas company’s stock valued at $9,214,000 after acquiring an additional 1,577,949 shares during the period. HighTower Advisors LLC lifted its stake in Seadrill Partners by 2.4% during the 1st quarter. HighTower Advisors LLC now owns 48,809 shares of the oil and gas company’s stock valued at $178,000 after acquiring an additional 1,122 shares during the period. Goldman Sachs Group Inc. lifted its stake in Seadrill Partners by 481.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 835,066 shares of the oil and gas company’s stock valued at $3,006,000 after acquiring an additional 691,492 shares during the period. Finally, Eqis Capital Management Inc. lifted its stake in Seadrill Partners by 8.2% during the 2nd quarter. Eqis Capital Management Inc. now owns 32,051 shares of the oil and gas company’s stock valued at $109,000 after acquiring an additional 2,429 shares during the period.
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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