Seadrill Partners (SDLP) Hits New 52-Week Low at $2.48

Seadrill Partners LLC (NYSE:SDLP) shares hit a new 52-week low on Thursday . The stock traded as low as $2.48 and last traded at $2.50, with a volume of 4371 shares traded. The stock had previously closed at $2.63.

Separately, ValuEngine downgraded Seadrill Partners from a “hold” rating to a “sell” rating in a research note on Friday, October 26th.

The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $185.94 million, a price-to-earnings ratio of 1.39 and a beta of 1.98.

Seadrill Partners (NYSE:SDLP) last announced its earnings results on Tuesday, November 20th. The oil and gas company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.21). The business had revenue of $206.20 million for the quarter. Seadrill Partners had a return on equity of 4.81% and a net margin of 13.18%.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Wednesday, November 7th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 16.81%. The ex-dividend date was Tuesday, November 6th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace North America L.P. acquired a new position in Seadrill Partners in the 3rd quarter valued at $58,000. GSA Capital Partners LLP raised its stake in Seadrill Partners by 82.9% in the 3rd quarter. GSA Capital Partners LLP now owns 38,128 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 17,278 shares during the last quarter. BDO Wealth Advisors LLC acquired a new position in Seadrill Partners in the 2nd quarter valued at $208,000. Wells Fargo & Company MN raised its stake in Seadrill Partners by 133.6% in the 3rd quarter. Wells Fargo & Company MN now owns 64,218 shares of the oil and gas company’s stock valued at $236,000 after purchasing an additional 36,725 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Seadrill Partners in the 3rd quarter valued at $485,000. 18.45% of the stock is owned by hedge funds and other institutional investors.

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About Seadrill Partners (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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