Brokerage Firm Rating Update on Seadrill Partners LLC (SDLP)

Seadrill Partners LLC (SDLP) : 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Seadrill Partners LLC (SDLP). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 3 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Seadrill Partners LLC (SDLP) : 2 investment research analysts covering Seadrill Partners LLC (SDLP) have an average price target of $7.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $7 for the short term. Analysts expect the variance to be within $0.35 of the average price.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, downgrades their rating on the shares of Seadrill Partners LLC (NYSE:SDLP). Morgan Stanley has a Equal-weight rating on the shares. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on July 26, 2016.

Seadrill Partners LLC (NYSE:SDLP): The stock opened at $3.59 and touched an intraday high of $3.78 on Wednesday. During the day, the stock corrected to an intraday low of $3.53, however, the bulls stepped in and pushed the price higher to close in the green at $3.67 with a gain of 3.97% for the day. The total traded volume for the day was 696,244. The stock had closed at $3.53 in the previous trading session.

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.

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