Seadrill Partners (NYSE:SDLP) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

SDLP has been the subject of several other reports. BidaskClub upgraded shares of Seadrill Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of Seadrill Partners from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Tuesday, August 15th.

Shares of Seadrill Partners (NYSE SDLP) opened at $3.70 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.08 and a current ratio of 2.08. Seadrill Partners has a 1 year low of $2.61 and a 1 year high of $5.32. The stock has a market cap of $278.53, a PE ratio of 2.22 and a beta of 2.24.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in Seadrill Partners by 11.4% during the second quarter. Goldman Sachs Group Inc. now owns 930,251 shares of the oil and gas company’s stock valued at $3,163,000 after buying an additional 95,185 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Seadrill Partners during the second quarter worth about $1,170,000. Arrow Investment Advisors LLC boosted its holdings in shares of Seadrill Partners by 14.2% during the third quarter. Arrow Investment Advisors LLC now owns 228,426 shares of the oil and gas company’s stock worth $847,000 after purchasing an additional 28,317 shares during the period. PEAK6 Investments L.P. purchased a new stake in shares of Seadrill Partners during the third quarter worth about $351,000. Finally, Royal Bank of Canada boosted its holdings in shares of Seadrill Partners by 3,111.8% during the second quarter. Royal Bank of Canada now owns 84,086 shares of the oil and gas company’s stock worth $286,000 after purchasing an additional 81,468 shares during the period. Institutional investors and hedge funds own 11.09% of the company’s stock.

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Seadrill Partners Company Profile

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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