A Reversal for Seadrill Partners LLC (SDLP) Is Not Near. The Stock Reaches All-Time Low Today

The stock of Seadrill Partners LLC (NYSE:SDLP) reached all time low today, Aug, 15 and still has $1.65 target or 5.00 % below today’s $1.73 share price. This indicates more downside for the $15.92 million company. This technical setup was reported by Barchart.com. If the $1.65 PT is reached, the company will be worth $796,100 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 7.27% or $0.136 during the last trading session, reaching $1.734. About 32,750 shares traded. Seadrill Partners LLC (NYSE:SDLP) has declined 92.85% since August 15, 2018 and is downtrending. It has underperformed by 92.85% the S&P500.

More notable recent Seadrill Partners LLC (NYSE:SDLP) news were published by: Seekingalpha.com which released: “Midstream Flagging Into Earnings Barrage – Seeking Alpha” on July 28, 2019, also Globenewswire.com with their article: “SDLP – Seadrill Partners LLC Announces Reduction to Quarterly Cash Distributions – GlobeNewswire” published on July 25, 2019, Benzinga.com published: “30 Stocks Moving In Wednesday’s Pre-Market Session – Benzinga” on July 17, 2019. More interesting news about Seadrill Partners LLC (NYSE:SDLP) were released by: Seekingalpha.com and their article: “Seadrill Partners Bags A One-Well Contract For The West Capella – Seeking Alpha” published on March 20, 2018 as well as Globenewswire.com‘s news article titled: “SDLP – Changes to the Board of Directors – GlobeNewswire” with publication date: December 18, 2018.

Seadrill Partners LLC owns, operates, and acquires offshore drilling units. The company has market cap of $15.92 million. The firm primarily serves various gas and oil companies. It has a 0.47 P/E ratio. As of April 20, 2017, its fleet consisted of four semi-submersible drilling rigs, four drillships, and three tender rigs.

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