Seadrill Partners LLC (NYSE:SDLP)’s Company Shares Decreased 18.41% After Low Volatility

The shares of Seadrill Partners LLC (NYSE:SDLP) decreased by 18.41% in the last 20 days but rose 14.71% in the past 5 trading sessions. Seadrill Partners LLC (NYSE:SDLP) shares opened at $1.91 in the last session and had intraday high of $1.98 and low of $1.83 for a lower than normal intra-day volatility. Stock trading is easier when the volatility profile is such.

About 295,133 shares traded hands. Seadrill Partners LLC (SDLP) has declined 84.00% since July 16, 2015 and is downtrending. It has underperformed by 74.28% the S&P500.

Analysts await Seadrill Partners LLC (NYSE:SDLP) to reports earnings on February, 25 before the open. They expect $0.72 earnings per share, down 16.28% or $0.14 from last year’s $0.86 per share. SDLP’s profit will be $67.46 million for 0.75 P/E if the $0.72 EPS becomes reality. After $0.98 actual earnings per share reported by Seadrill Partners LLC for the previous quarter, Wall Street now forecasts -26.53% negative EPS growth.

According to Zacks Investment Research, “Seadrill Partners LLC is engaged in owning, operating and acquiring offshore drilling rigs. The Company’s drilling rigs are under long-term contracts with major oil companies. Seadrill Partners LLC is based in London, United Kingdom.”

Seadrill Partners LLC owns, operates and acquires offshore drilling rigs. The company has a market cap of $202.39 million. The Company’s drilling units are under long-term contracts with oil companies, such as Chevron, BP, ExxonMobil and Tullow. It has 1.02 P/E ratio. The Firm provides services to these clients with its fleet.

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