|Bid||3.23 x 1000|
|Ask||3.25 x 800|
|Day's Range||3.16 - 3.25|
|52 Week Range||2.60 - 4.20|
|PE Ratio (TTM)||2.10|
|Earnings Date||Aug 20, 2018 - Aug 24, 2018|
|Forward Dividend & Yield||0.40 (13.94%)|
|1y Target Est||2.50|
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.
CVR Refining (CVRR), a downstream MLP involved in crude oil refining, was the top MLP gainer last week. CVR Refining rose 17.1%. Overall, CVR Refining has gained 36.0% in the past month. The partnership’s recent rally could be attributed to its rating upgrade by Citigroup and strong earnings in the first quarter. To learn more, read This Week’s Rising Refining and Marketing Energy Stocks.
London, United Kingdom, May 14, 2018 - Seadrill Partners LLC is scheduled to release its first quarter 2018 results on Thursday May 24, 2018. In connection with the earnings release, a conference call/webcast ...
In week 18, the week ending May 4, Ensco and Seadrill were the best performers among offshore drilling stocks. Both of the stocks rose more than 6% last week. Diamond Offshore, which fell more than 3%, was the worst performer.
To fight downturn, offshore drillers (XLE) are focused on managing their debt and liquidity. In this part, we’ll discuss Rowan Companies’ (RDC) latest efforts to manage debt and liquidity. Managing debt
Energy companies, such as Seadrill Partners, trading at a market price below their true values are considered to be undervalued. Smart investors can make money from this discrepancy by buyingRead More...
Offshore drilling stocks gained last month when oil prices were rallying. However, these stocks fell after the companies released their 1Q18 results. These quarterly results were weak as the companies are still relying on previous backlogs. Even though offshore drillers have slowly started securing new contracts, it will take at least two or three more quarters before their balance sheets and profit-loss statements show good numbers.
Navios Maritime Midstream Partners (NAP), an MLP involved in the marine transportation of crude oil, refined products, and NGLs, was the top MLP gainer in the week ending April 20. Navios Maritime Partners rallied 29.2% due to J.P. Morgan upgrading it to a “buy.” Overall, the partnership has lost 55.4% since the beginning of 2018. The fall could mainly be attributed to the partnership’s weak operating performance in 4Q17. To learn more, read Comparing Crude Tanker Companies’ 4Q17 Performances.
London, United Kingdom, April 13, 2018 - Seadrill Partners LLC (NYSE:SDLP) announces that it has filed its annual report on Form 20-F for the year ended December 31, 2017. Seadrill Partners has made its Annual ...
Undervalued energy companies, such as Seadrill Partners and Natural Resource Partners, are those that trade at a price below their actual values. There’s a few ways you can determine howRead More...