Seadrill Partners LLC (NYSE:SDLP) Short Interest Update

Seadrill Partners LLC (NYSE:SDLP) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 127,400 shares, a growth of 1,364.4% from the June 30th total of 8,700 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 38,800 shares, the short-interest ratio is presently 3.3 days.

Separately, ValuEngine cut shares of Seadrill Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, April 19th.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC bought a new position in Seadrill Partners during the fourth quarter worth $56,000. Deutsche Bank AG boosted its holdings in shares of Seadrill Partners by 96.8% in the fourth quarter. Deutsche Bank AG now owns 547,760 shares of the oil and gas company’s stock worth $947,000 after buying an additional 269,360 shares during the last quarter. Arrow Investment Advisors LLC boosted its holdings in shares of Seadrill Partners by 112.0% in the first quarter. Arrow Investment Advisors LLC now owns 270,037 shares of the oil and gas company’s stock worth $231,000 after buying an additional 142,682 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Seadrill Partners in the first quarter worth approximately $56,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Seadrill Partners by 11.9% in the second quarter. Acadian Asset Management LLC now owns 538,113 shares of the oil and gas company’s stock worth $200,000 after buying an additional 57,374 shares during the last quarter.

Shares of SDLP stock traded up $0.01 on Monday, hitting $1.88. The stock had a trading volume of 15,946 shares, compared to its average volume of 44,236. Seadrill Partners has a twelve month low of $1.81 and a twelve month high of $38.00. The firm has a market cap of $13.93 million, a price-to-earnings ratio of 0.40 and a beta of 1.71. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.76 and a current ratio of 2.76. The company has a fifty day simple moving average of $2.48.

Seadrill Partners (NYSE:SDLP) last issued its quarterly earnings results on Thursday, May 23rd. The oil and gas company reported ($3.30) EPS for the quarter. Seadrill Partners had a return on equity of 1.23% and a net margin of 3.26%. The business had revenue of $203.70 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.04 annualized dividend and a dividend yield of 2.13%.

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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