Seadrill Partners (SDLP) Sets New 1-Year Low at $0.75

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Seadrill Partners LLC (NYSE:SDLP) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $0.75 and last traded at $0.75, with a volume of 1400 shares traded. The stock had previously closed at $0.79.

Separately, ValuEngine upgraded shares of Seadrill Partners from a “strong sell” rating to a “sell” rating in a report on Monday, January 7th.

The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.56 and a current ratio of 2.56. The stock has a market cap of $56.08 million, a price-to-earnings ratio of 0.97 and a beta of 1.67.

Seadrill Partners (NYSE:SDLP) last released its quarterly earnings results on Tuesday, February 26th. The oil and gas company reported ($0.79) EPS for the quarter. The firm had revenue of $219.60 million during the quarter. Seadrill Partners had a net margin of 5.40% and a return on equity of 2.02%.

Hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of Seadrill Partners by 133.6% during the third quarter. Wells Fargo & Company MN now owns 64,218 shares of the oil and gas company’s stock worth $236,000 after buying an additional 36,725 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Seadrill Partners by 4.4% during the 4th quarter. Acadian Asset Management LLC now owns 534,562 shares of the oil and gas company’s stock worth $925,000 after purchasing an additional 22,464 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Seadrill Partners by 82.9% during the 3rd quarter. GSA Capital Partners LLP now owns 38,128 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 17,278 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Seadrill Partners by 29.9% during the 3rd quarter. Renaissance Technologies LLC now owns 278,400 shares of the oil and gas company’s stock worth $1,025,000 after purchasing an additional 64,000 shares during the period. Finally, Marshall Wace North America L.P. purchased a new position in shares of Seadrill Partners during the 3rd quarter worth $58,000. Institutional investors own 19.38% of the company’s stock.

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Seadrill Partners Company Profile (NYSE:SDLP)

Seadrill Partners LLC owns, operates, and acquires offshore drilling units in the United States, Angola, Thailand, Canada, Equatorial Guinea, Nigeria, Indonesia, Ghana, and internationally. The company primarily serves various oil and gas companies. As of March 31, 2018, its fleet consisted of four semi-submersible drilling rigs, four drillships, and three tender rigs.

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