Seadrill Partners (NYSE:SDLP) posted its earnings results on Tuesday. The oil and gas company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.21), Morningstar.com reports. Seadrill Partners had a return on equity of 5.40% and a net margin of 17.22%. The firm had revenue of $206.20 million for the quarter.
NYSE SDLP traded up $0.14 during mid-day trading on Wednesday, hitting $2.93. The stock had a trading volume of 27,016 shares, compared to its average volume of 176,716. Seadrill Partners has a twelve month low of $2.60 and a twelve month high of $4.08. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.13 and a current ratio of 2.13. The company has a market cap of $227.34 million, a P/E ratio of 1.53 and a beta of 2.00.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Wednesday, November 7th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 13.65%. The ex-dividend date of this dividend was Tuesday, November 6th.
Several institutional investors and hedge funds have recently modified their holdings of SDLP. BDO Wealth Advisors LLC purchased a new position in shares of Seadrill Partners during the 2nd quarter worth $208,000. Q Global Advisors LLC raised its position in shares of Seadrill Partners by 171.6% in the 2nd quarter. Q Global Advisors LLC now owns 1,357,729 shares of the oil and gas company’s stock valued at $4,732,000 after buying an additional 857,836 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Seadrill Partners by 34.8% in the 3rd quarter. Acadian Asset Management LLC now owns 512,098 shares of the oil and gas company’s stock valued at $1,884,000 after buying an additional 132,297 shares in the last quarter. Royal Bank of Canada raised its position in shares of Seadrill Partners by 49.9% in the 1st quarter. Royal Bank of Canada now owns 150,000 shares of the oil and gas company’s stock valued at $413,000 after buying an additional 49,950 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Seadrill Partners by 7.8% in the 2nd quarter. Renaissance Technologies LLC now owns 214,400 shares of the oil and gas company’s stock valued at $744,000 after buying an additional 15,512 shares in the last quarter. 16.83% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine lowered Seadrill Partners from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd.
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About Seadrill Partners
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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