Seadrill Partners (NYSE:SDLP) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

SDLP has been the topic of several other research reports. BidaskClub upgraded Seadrill Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded Seadrill Partners from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Tuesday, August 15th.

Shares of Seadrill Partners (SDLP) opened at $3.70 on Friday. Seadrill Partners has a 52-week low of $2.61 and a 52-week high of $5.32. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market capitalization of $339.74, a PE ratio of 2.14 and a beta of 2.24.

Several institutional investors have recently made changes to their positions in the stock. Quinn Opportunity Partners LLC bought a new position in Seadrill Partners in the second quarter worth approximately $111,000. Wealthsource Partners LLC boosted its holdings in Seadrill Partners by 113.1% in the third quarter. Wealthsource Partners LLC now owns 31,935 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 16,949 shares in the last quarter. Royal Bank of Canada boosted its holdings in Seadrill Partners by 3,111.8% in the second quarter. Royal Bank of Canada now owns 84,086 shares of the oil and gas company’s stock worth $286,000 after acquiring an additional 81,468 shares in the last quarter. PEAK6 Investments L.P. bought a new position in Seadrill Partners in the third quarter worth approximately $351,000. Finally, Arrow Investment Advisors LLC boosted its holdings in Seadrill Partners by 14.2% in the third quarter. Arrow Investment Advisors LLC now owns 228,426 shares of the oil and gas company’s stock worth $847,000 after acquiring an additional 28,317 shares in the last quarter. Institutional investors own 11.09% of the company’s stock.

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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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