|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3.72 - 3.83|
|52 Week Range||2.60 - 4.20|
|PE Ratio (TTM)||2.42|
|Earnings Date||Aug 20, 2018 - Aug 24, 2018|
|Forward Dividend & Yield||0.40 (10.28%)|
|1y Target Est||2.50|
Most offshore drilling stocks traded in the green in the week ended July 13 (week 28). The best performer during the week was Noble. Seadrill Partners was the weakest performer among its peers and the only offshore driller that traded in the red.
London, United Kingdom, July 18, 2018 - Seadrill Partners LLC ("SDLP" or "the Company") announces today that Tullow Ghana Limited ("Tullow") will not be appealing the English High Court ruling in favor of Seadrill Ghana Operations Limited ("Seadrill Ghana") relating to the early termination of the West Leo contract and Seadrill Ghana has received approximately $248 million, inclusive of interest, but net of withholding tax, VAT and legal expenses. Such statements are generally not historical in nature, and specifically include statements about the Company`s plans, strategies, business prospects, changes and trends in its business and the markets in which it operates. In particular, statements regarding offshore drilling markets, the Company`s ability to make cash distributions, the expected performance of the drilling units in the Company`s fleet, estimated duration of customer contracts, contract dayrate amounts, contract backlog, forecasts of operating income and Adjusted EBITDA and the ability of the Company and Seadrill Limited to negotiate with lenders are considered forward looking statements.
Earlier in this series, we analyzed and compared the business fundamentals of different offshore drilling companies. Now we’ll look at the technical indicators for these offshore drillers (XLE).
Dividend yield indicates how much a company pays in dividends relative to its share price. It’s calculated as the dollar value of dividends as a percentage of the stock price. Income investors generally value high-dividend-yield stocks while growth investors have little interest in dividend stocks.
Credit ratings can change over time as the outlook for the industry and companies changes. On July 10, Moody’s downgraded Rowan Companies’ (RDC) corporate family rating to B3 from B2. It maintained a “negative” outlook on Rowan Companies.
Seadrill Partners (SDLP), an MLP formed by Seadrill Limited (SDRL) to own, operate, and acquire offshore drilling rigs, was the top MLP gainer in the week ending July 6. Seadrill Partners rallied 12.1%. Last week, the gains could be attributed to a favorable court ruling and a new contract.
London, United Kingdom, July 5, 2018 - Seadrill Partners LLC ("SDLP" or "the Company") has secured a five well contract with the potential of several option wells with Sabah Shell Petroleum Limited for the West Capella in Malaysia. Such statements are generally not historical in nature, and specifically include statements about the Company`s plans, strategies, business prospects, changes and trends in its business and the markets in which it operates. In particular, statements regarding offshore drilling markets, the Company`s ability to make cash distributions, the expected performance of the drilling units in the Company`s fleet, estimated duration of customer contracts, contract dayrate amounts, contract backlog, forecasts of operating income and Adjusted EBITDA and the ability of the Company and Seadrill Limited to negotiate with lenders are considered forward looking statements.
London, United Kingdom, July 3, 2018 - Seadrill Partners LLC ("SDLP" or "the Company") announces today that the English High Court has ruled in favor of its subsidiary Seadrill Ghana Operations Limited ("Seadrill Ghana") relating to the early termination of the West Leo contract by Tullow Ghana Limited ("Tullow"). Seadrill Ghana was seeking to recover standby and force majeure rates and early termination fees of $278 million plus interest and legal expenses.
Seadrill’s (SDRL) YTD (year-to-date) returns were 50.7% as of June 27. The stock has outperformed Transocean (RIG), Diamond Offshore (DO), Noble (NE), and Ensco (ESV). They rose 14%–25% during this period.
While this offshore driller pays a high-yielding dividend that investors might want to shield in a Roth IRA, it's unnecessary and highly risky.
Energy companies, such as SandRidge Permian Trust, trading at a market price below their true values are considered to be undervalued. There’s a few ways you can measure the valueRead More...
Seadrill Partners (SDLP), an MLP formed by Seadrill Limited (SDRL) to own, operate, and acquire offshore drilling rigs, has a one-year correlation with crude oil of 0.32 as of June 6. The correlation between Seadrill Partners and crude oil has increased to 0.49 and 0.66 during the past three-month and one-month periods. Seadrill Partners has a higher correlation with oil when crude oil prices are rising.
Crestwood Equity Partners (CEQP), a midstream MLP involved in natural gas gathering and processing, natural gas transportation, crude oil gathering, and crude oil and NGLs (natural gas liquids) logistics, has moved strongly with crude in 2018. Crestwood Equity Partners has gained 32.2% since the beginning of this year. One of the major reasons behind Crestwood Equity Partners’ rally is a rise in crude oil prices. Crestwood Equity Partners’ one-year correlation with crude oil was 0.33 as of June 6. The correlation between Crestwood Equity Partners and crude oil has increased to 0. ...
In the first quarter, Seadrill Partners’ (SDLP) adjusted EBITDA was $96.9 million compared to $137.9 million in the previous quarter.
Seadrill Partners’ (SDLP) backlog was $1.3 billion on May 24. It fell from $1.5 billion in February. A company’s backlog helps investors to gauge what its revenue might be in the future.
As of May 30, Transocean (RIG) stock had a good run in the last three months. The stock rose more than 37% during this period. Currently, Transocean is trading 11.2% lower than its 52-week high and 74.5% higher than its 52-week low. The Dow Jones Industrial Average (DIA) has fallen 1.4% in last three months as of May 30. The SPDR S&P 500 ETF (SPY) has risen 0.35% during the same period.
In the first quarter, Seadrill Partners’ (SDLP) operating revenue fell to $194.3 million from $256.2 million in the previous quarter, a sequential fall of 24%. Seadrill Partners earns its revenue by operating semisubmersibles, drill ships, tender rigs, and barges. The decrease in Seadrill’s first-quarter revenue was the result of a full quarter of idle time for West Polaris, West Vencedor‘s becoming idle during the quarter, and idle time on West Auriga related to planned maintenance.
Seadrill Partners (SDLP) released its results for the first quarter of 2018 on May 25. Its stock hasn’t had a good run YTD (year-to-date), falling more than 11% during the period.
LONDON, UK / ACCESSWIRE / May 31, 2018 / If you want access to our free research report on Kimbell Royalty Partners, L.P. (NYSE: KRP) ("Kimbell"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=KRP as the Company's latest news hit the wire. On May 29, 2018, the Company disclosed that it plans to acquire the mineral and royalty interests held by Houston-based Haymaker Minerals & Royalties, LLC and Haymaker Resources, LP (jointly referred to as "Haymaker"). Active-Investors.com is currently working on the research report for Seadrill Partners LLC (NYSE: SDLP), which also belongs to the Basic Materials sector as the Company Kimbell Royalty Partners.
After a fantastic run for Seadrill (SDRL) in week 20, the stock fell in the following week. In week 20, Seadrill reached a 52-week high of $0.73. The stock rose more than 98% in week 20. This situation turned around in week 21 (week ending May 25) and the stock fell more than 32%. We already mentioned in our previous article that the stock rise was not based on fundamentals. Also, Seadrill’s technicals suggested the stock was overbought and overvalued. Thus, a fall in Seadrill’s price was expected.
Highlights Operating revenue of $194.3 million. Operating income of $18.2 million. Net loss of $16.3 million. Adjusted EBITDA of $96.9 million. Cash and cash equivalents of $859.6 million. Economic utilization ...
The offshore drilling industry made headlines last week, especially Seadrill (SDRL), which reached a 52-week high of $0.73 on May 17. The stock rose more than 98% in Week 20 (ended May 18). On May 17, The company’s volume increased to 69.3 million shares, making it the third most actively traded stock on major US exchanges. The stock’s last-three-month trading volume was 5.2 million, and its price was 300% higher than its 52-week low.