Seadrill Partners (SDLP) Earns Coverage Optimism Score of 0.12
Media headlines about Seadrill Partners (NASDAQ:SDLP) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Seadrill Partners earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 46.2027555898747 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Seadrill Partners (NASDAQ SDLP) opened at 3.77 on Friday. The company’s 50-day moving average is $3.50 and its 200-day moving average is $3.25. Seadrill Partners has a one year low of $2.61 and a one year high of $5.33. The firm has a market cap of $346.17 million and a PE ratio of 1.38.
Seadrill Partners (NASDAQ:SDLP) last released its earnings results on Thursday, August 24th. The oil and gas company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.09). The firm had revenue of $267.90 million for the quarter, compared to analyst estimates of $231.00 million. Seadrill Partners had a net margin of 6.20% and a return on equity of 3.76%. On average, analysts forecast that Seadrill Partners will post $1.28 earnings per share for the current fiscal year.
SDLP has been the subject of a number of analyst reports. BidaskClub cut shares of Seadrill Partners from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Zacks Investment Research upgraded shares of Seadrill Partners from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Tuesday, August 15th. Finally, ValuEngine upgraded shares of Seadrill Partners from a “hold” rating to a “buy” rating in a report on Thursday, July 27th.
About Seadrill Partners
Seadrill Partners LLC is an offshore deepwater drilling company. The Company owns, operates and acquires offshore drilling units. The Company’s subsidiaries include Seadrill Operating LP, Seadrill Capricorn Holdings LLC and Seadrill Partners Operating LLC (collectively, OPCO). The Company’s segment is OPCO’s fleet.
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