Seadrill Partners LLC (SDLP) Just Reaches All-Time Low?

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: “Pacific Drilling: Company Remains Speculative After Results – Seeking Alpha” on December 06, 2018, also Finance.Yahoo.com with their article: “Seadrill Partners LLC (SDLP) Q1 2019 Earnings Call Transcript – Yahoo Finance” published on May 23, 2019, Seekingalpha.com published: “Seadrill Partners: West Capricorn Gets Another Short-Term Job – Seeking Alpha” on June 17, 2019. More interesting news about Seadrill Partners LLC (NYSE:SDLP) were released by: Seekingalpha.com and their article: “Seadrill Limited Or Seadrill Partners, Which One Is A Better Investment? – Seeking Alpha” published on February 06, 2015 as well as Seekingalpha.com‘s news article titled: “Seadrill wins West Africa work for West Gemini drillship – Seeking Alpha” with publication date: July 18, 2019.

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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