Shares of Seadrill Partners LLC (NYSE:SDLP) traded up 8.3% on Wednesday . The stock traded as high as $0.40 and last traded at $0.39. 309,232 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 344,218 shares. The stock had previously closed at $0.36.
Separately, ValuEngine raised Seadrill Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 14th.
The company has a 50-day moving average price of $0.45. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $28.60 million, a PE ratio of 0.85 and a beta of 1.85.
A number of institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC increased its position in Seadrill Partners by 4.4% in the 4th quarter. Acadian Asset Management LLC now owns 534,562 shares of the oil and gas company’s stock valued at $925,000 after buying an additional 22,464 shares in the last quarter. Millennium Management LLC bought a new stake in Seadrill Partners in the 4th quarter valued at about $56,000. Marshall Wace LLP bought a new stake in Seadrill Partners in the 1st quarter valued at about $56,000. Arrow Investment Advisors LLC increased its position in Seadrill Partners by 112.0% in the 1st quarter. Arrow Investment Advisors LLC now owns 270,037 shares of the oil and gas company’s stock valued at $231,000 after buying an additional 142,682 shares in the last quarter. Finally, Q Global Advisors LLC increased its position in Seadrill Partners by 11.9% in the 4th quarter. Q Global Advisors LLC now owns 2,237,722 shares of the oil and gas company’s stock valued at $3,871,000 after buying an additional 237,722 shares in the last quarter. 18.86% of the stock is owned by institutional investors and hedge funds.
Seadrill Partners Company Profile (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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