Analyst Price Target Update on Seadrill Partners LLC (NYSE:SDLP)

Seadrill Partners LLC (NYSE:SDLP): 3 analysts have set the short term price target of Seadrill Partners LLC (NYSE:SDLP) at $10.5. The standard deviation of short term price target has been estimated at $5.63, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 17 and $7 respectively.

Company shares have received an average consensus rating of Hold for the current week

Seadrill Partners LLC (NYSE:SDLP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.23 points or 4.1% at $5.38 with 1,338,305 shares getting traded. Post opening the session at $5.51, the shares hit an intraday low of $5.16 and an intraday high of $5.67 and the price was in this range throughout the day. The company has a market cap of $494 million and the number of outstanding shares have been calculated to be 91,821,600 shares. The 52-week high of Seadrill Partners LLC (NYSE:SDLP) is $14.11 and the 52-week low is $1.7.

Seadrill Partners LLC owns, operates and acquires offshore drilling rigs. The Companys drilling units are under long-term contracts with oil companies, such as Chevron, BP, ExxonMobil and Tullow. The Company provides services to these customers with its fleet. The Companys fleet consists of the semi-submersible West Aquarius, West Capricorn, West Leo, West Sirius; the semi-tender West Vencedor; the tender rig T-15 and T-16; the drillship West Auriga, West Vela, and West Capella. The Company provides drilling services on a dayrate contract basis.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.