Seadrill Partners LLC (SDLP) : Traders are bullish on Seadrill Partners LLC (SDLP) as it has outperformed the S&P 500 by a wide margin of 5.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.95%, 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 13.14% in the last 1 week, and is up 5.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.21% and the 50-Day Moving Average is 6.41%.The 200 Day SMA reached 7.71%
Seadrill Partners LLC (NYSE:SDLP): After opening at $3.48, the stock dipped to an intraday low of $3.36 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.53 and the buying power remained strong till the end. The stock closed at $3.53 for the day, a gain of 2.92% for the day session. The total traded volume was 710,750. The stocks close on the previous trading day was $3.53.
Seadrill Partners LLC (SDLP) : Average target price received by Seadrill Partners LLC (SDLP) is $7.25 with an expected standard deviation of $0.35. The most aggressive target on the stock is $8, whereas the most downbeat target is $7. 2 financial analysts are currently covering the stock.
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.