Seadrill Partners LLC (SDLP) : 3 analysts are covering Seadrill Partners LLC (SDLP) and their average rating on the stock is 3.67, which is read as a Sell. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Seadrill Partners LLC (SDLP) : The consensus price target for Seadrill Partners LLC (SDLP) is $7.25 for the short term with a standard deviation of $0.35. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $8, however, the pessimist price target for the company is $7.
Also, Brokerage firm Wells Fargo downgrades its rating on Seadrill Partners LLC (NYSE:SDLP). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on September 9, 2016.
Seadrill Partners LLC (NYSE:SDLP): After opening at $3.14, the stock dipped to an intraday low of $3.09 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.25 and the buying power remained strong till the end. The stock closed at $3.24 for the day, a gain of 4.18% for the day session. The total traded volume was 463,916. The stocks close on the previous trading day was $3.11.
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.