Seadrill Partners LLC (SDLP) Announces Quarterly Earnings Results

Seadrill Partners LLC (NYSE:SDLP) released its earnings results on Tuesday. The oil and gas company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.16, reports. Seadrill Partners had a return on equity of 6.52% and a net margin of 19.02%.

Shares of Seadrill Partners (NYSE SDLP) traded down $0.07 on Tuesday, hitting $3.80. The stock had a trading volume of 109,400 shares, compared to its average volume of 525,200. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.18. Seadrill Partners has a twelve month low of $2.61 and a twelve month high of $5.32. The firm has a market capitalization of $336.99, a price-to-earnings ratio of 1.78 and a beta of 2.24.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.53%. The ex-dividend date was Monday, November 6th. Seadrill Partners’s dividend payout ratio is currently 14.49%.

Several research analysts have commented on SDLP shares. BidaskClub raised Seadrill Partners from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Zacks Investment Research downgraded Seadrill Partners from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, ValuEngine raised Seadrill Partners from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th.

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About Seadrill Partners

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.

Earnings History for Seadrill Partners (NYSE:SDLP)

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