Seadrill Partners LLC (NYSE:SDLP) : Traders are bullish on Seadrill Partners LLC (NYSE:SDLP) as it has outperformed the S&P 500 by a wide margin of 0.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.85%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.14% in the last 1 week, and is up 1.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -54.42% from its 1 Year high price. On Jul 29, 2015, the shares registered one year high at $13.36 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $5.38 and the 200 Day Moving Average price is recorded at $4.01.
The stock has recorded a 20-day Moving Average of 5.21% and the 50-Day Moving Average is 7.84%.
Seadrill Partners LLC (NYSE:SDLP): stock turned positive on Friday. Though the stock opened at $5.59, the bulls momentum made the stock top out at $5.8 level for the day. The stock recorded a low of $5.56 and closed the trading day at $5.72, in the green by 4.00%. The total traded volume for the day was 916,630. The stock had closed at $5.5 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.