Seadrill Partners LLC (SDLP) : During the past 4 weeks, traders have been relatively bearish on Seadrill Partners LLC (SDLP), hence the stock is down -36.69% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.52% relative to the S&P 500. The 4-week change in the price of the stock is -36.03% and the stock has fallen -1.47% in the past 1 week.
The stock has recorded a 20-day Moving Average of 13.58% and the 50-Day Moving Average is 21.3%. Seadrill Partners LLC (NYSE:SDLP): On Fridays trading session , Opening price of the stock was $4.1 with an intraday high of $4.15. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $3.9701. However, the stock managed to close at $4.03, a loss of 1.71% for the day. On the previous day, the stock had closed at $4.1. The total traded volume of the day was 841,002 shares.
Institutional Investors own 8.29% of Seadrill Partners LLC shares. Also, Equity Analysts at the Morgan Stanley downgrades the rating on Seadrill Partners LLC (NYSE:SDLP). The brokerage firm has issued a Equal-weight rating on the shares. The shares were previously rated Overweight. The rating by the firm was issued on July 26, 2016.
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.