Exclusive: Seadrill Partners LLC Just Recorded A Sigfniciant Increase

Exclusive: Seadrill Partners LLC Just Recorded A Sigfniciant Increase

The stock of Seadrill Partners LLC (NYSE:SDLP) is a huge mover today! About 291,774 shares traded hands. Seadrill Partners LLC (NYSE:SDLP) has risen 3.83% since March 16, 2016 and is uptrending. It has underperformed by 1.71% the S&P500.
The move comes after 5 months positive chart setup for the $325.88M company. It was reported on Oct, 19 by Barchart.com. We have $6.57 PT which if reached, will make NYSE:SDLP worth $257.45M more.

Seadrill Partners LLC (NYSE:SDLP) Ratings Coverage

Out of 6 analysts covering Seadrill Partners (NYSE:SDLP), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. Seadrill Partners has been the topic of 6 analyst reports since August 26, 2015 according to StockzIntelligence Inc. As per Tuesday, July 26, the company rating was downgraded by Morgan Stanley. Wells Fargo downgraded Seadrill Partners LLC (NYSE:SDLP) on Friday, September 9 to “Underperform” rating. As per Friday, December 18, the company rating was downgraded by Seaport Global. The company was downgraded on Monday, November 30 by Oppenheimer.

According to Zacks Investment Research, “Seadrill Partners LLC is engaged in owning, operating and acquiring offshore drilling rigs. The Company’s drilling rigs are under long-term contracts with major oil companies. Seadrill Partners LLC is based in London, United Kingdom.”

More notable recent Seadrill Partners LLC (NYSE:SDLP) news were published by: Fool.com which released: “Seadrill Partners LLC Sinks After Slashing Its Distribution” on July 26, 2016, also Fool.com with their article: “Here’s Why Seadrill Ltd., Seadrill Partners LLC, and Atwood Oceanics, Inc …” published on April 08, 2016, Seekingalpha.com published: “What Will Happen To Seadrill Partners’ Units In December” on September 27, 2016. More interesting news about Seadrill Partners LLC (NYSE:SDLP) were released by: Finance.Yahoo.com and their article: “SDLP – Seadrill Partners LLC Announces Reduction to Quarterly Cash Distributions” published on July 26, 2016 as well as Seekingalpha.com‘s news article titled: “Seadrill Partners LLC – Tullow Declares ‘Force Majeure’ On The Semi …” with publication date: October 04, 2016.

SDLP Company Profile

Seadrill Partners LLC, incorporated on June 28, 2012, is an offshore deepwater drilling company. The Firm 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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