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Seadrill Partners LLC (SDLP) Price Target Cut to $7.00
Seadrill Partners LLC (NYSE:SDLP) is expected to report EPS for the current fiscal quarter of $0.76. The higher price estimate target is at $20 according to the Analysts. 358,281 shares of the company’s stock were exchanged. Finally, Oppenheimer cut Seadrill Partners from an outperform rating to a market perform rating in a research report on Monday, November 30th.
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Analysts at Zacks have given a short term rating of hold on Seadrill Limited (NYSE:SDRL) with a rank of 3. As per the latest report, the brokerage house announces the price target to $3.5 per share. The rating by the firm was issued on December 18, 2015. Cablevision Systems (CVC) was down 2% after the Wall Street Journal reported that Altice NV’s $10 billion deal to buy the company is running into trouble with New York City regulators. 1 analysts have added the shares in their list of strong buys. Seadrill Partners’s stock is down -70.53% in the past 200 days. Seadrill Partners LLC has dropped 60.6% during the last 3-month period. The stock’s performance over the course of a year is -88.12%. Its opening price on the last trading day was $3.65 whereas, its EPS stands at 2.11 with the Beta of 1.65.
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In a note issued by Clarksons on Tuesday morning, Seadrill Partners (NYSE:SDLP) had its target downgraded to $7.00. Seadrill Partners has a 52 week low of $2.92 and a 52 week high of $17.33. KLR Group initiates coverage on Seadrill Limited (NYSE:SDRL). The Companys drilling rigs are under long-term contracts with oil companies, such as Chevron, Total, BP and ExxonMobil with an average remaining term of 3.1 years as of June 30, 2012. The 52-week high of the share price is $15.44 and the company has a market cap of $1,838 million. Seadrill owns and operates a fleet of offshore drilling units, which consist of semi-submersible rigs, drillships, jack-up rigs and tender rigs, including units, which is under construction, which consists of drillships, semi-submersible rig, jack-up rigs and tender rigs. The Company is also a holding company. In May 2013, SeaDrill Ltd sold T-15 tender rig to Seadrill Partners LLC.