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.
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.
COPYRIGHT VIOLATION WARNING: “Seadrill Partners (SDLP) Hits New 52-Week Low at $2.48” was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.chaffeybreeze.com/2018/12/08/seadrill-partners-sdlp-hits-new-52-week-low-at-2-48.html.
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.
See Also: Google Finance
Receive News & Ratings for Seadrill Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seadrill Partners and related companies with MarketBeat.com's FREE daily email newsletter.