Short Term Rating on Seadrill Partners LLC (SDLP)

Seadrill Partners LLC (SDLP) : The consensus on Seadrill Partners LLC (SDLP) based on 3 analyst recommendation on the company stock is 2.33, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

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


Seadrill Partners LLC (NYSE:SDLP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.99 and $5.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.19, notching a gain of 5.45% for the day. The total traded volume was 1,650,671 . The stock had closed at $5.87 on the previous day.

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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