Analyst Rating Update on Seadrill Partners LLC (SDLP)

Seadrill Partners LLC (NYSE:SDLP) : 1 brokerage houses believe that Seadrill Partners LLC (NYSE:SDLP) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Seadrill Partners LLC (NYSE:SDLP). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.

Seadrill Partners LLC (NYSE:SDLP) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $8 and the lowest price target forecast is $7. The average forecast of all the analysts is $7.25 and the expected standard deviation is $0.35.

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

Seadrill Partners LLC (NYSE:SDLP): stock turned positive on Tuesday. Though the stock opened at $5.17, the bulls momentum made the stock top out at $5.43 level for the day. The stock recorded a low of $5.05 and closed the trading day at $5.4, in the green by 13.21%. The total traded volume for the day was 925,514. The stock had closed at $4.77 in the previous days trading.

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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