It is trading at $3.51 quite a bit above the 50 day moving average of $3.14 and impressively higher than the 200 day moving average of $3.19. The 50 day moving average moved up $0.37 and the 200 day average went up by +9.92%. Trading volume for Seadrill Partners LLC Common Un was 444K on Wednesday. Volume was down 62.37% under the stocks average daily volume.
Investors are more bearish on shares of the company lately as shown by the rise in short interest. The company recorded a rise in short interest of 33.65% as of August 31, 2017 from the last reporting period. Short interest increased 235,539 over that period. The short-interest ratio decreased to 1.0 and the percentage of shorted shares was 0.01% on August 31.
The following firms have recently changed their position in SDLP. Cubist Systematic Strategies, LLC trimmed its ownership by shedding 8,182 shares a decrease of 19.7% as of 06/30/2017. Cubist Systematic Strategies, LLC currently owns 33,290 shares worth $113,000. The total value of its holdings decreased 24.2%. Ubs Group Ag downsized its stake by selling 45,150 shares a decrease of 75.3% from 03/31/2017 to 06/30/2017. Ubs Group Ag now controls 14,786 shares valued at $50,000. The value of the position overall is down by 76.9%.
As of quarter end Hightower Advisors, LLC had disposed of a total of 2,172 shares trimming its stake by 4.4%. The value of the investment in Seadrill Partners LLC Common Un went from $178,000 to $160,000 a change of 10.1% quarter over quarter. As of the end of the quarter Eqis Capital Management, Inc. had bought 2,429 shares growing its position 8.2%. The value of the company’s investment in Seadrill Partners LLC Common Un increased from $107,000 to $109,000 increasing 1.9% since the last quarter.
In the market the company is trading unchanged from yesterday’s close of 3.51. Seadrill Partners LLC Common Un also recently declared a dividend that was paid on Tuesday the 5th of September 2017. The dividend payment was $0.100 per share for the quarter which comes to $0.40 on an annualized basis. This dividend represents a yield of $11.98. The ex-dividend date was Friday the 1st of September 2017.
Seadrill Partners LLC Common Un currently has a P/E ratio of 1.28 and market cap is 322.29M. As of the last earnings report the EPS was $2.73 and is projected to be $1.99 for the current year with 91,821,000 shares outstanding. Next quarter’s EPS is forecasted at $0.04 with next year’s EPS anticipated to be $0.81.
Seadrill Partners LLC, launched on June 28, 2012, is an offshore deepwater drilling company. The Company owns, operates and acquires offshore drilling units. The Business’s subsidiaries include Seadrill Operating LP, Seadrill Capricorn Holdings LLC and Seadrill Partners Operating LLC (collectively, OPCO). The Business’s segment is OPCO’s fleet..