What Will Happen to Seadrill Partners LLC (SDLP) Next? The Stock 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: “Seadrill Partners: What To Do After The Distribution Cut – Seeking Alpha” on January 23, 2019, also Seekingalpha.com with their article: “Seadrill Partner Bags 120-Day Contract For The Semi-Submersible West Aquarius – Seeking Alpha” published on April 07, 2017, Seekingalpha.com published: “Seadrill Partners: All Quiet On The Debt Front – Seeking Alpha” on February 26, 2019. More interesting news about Seadrill Partners LLC (NYSE:SDLP) were released by: Seekingalpha.com and their article: “Midstream Flagging Into Earnings Barrage – Seeking Alpha” published on July 28, 2019 as well as Seekingalpha.com‘s news article titled: “Pacific Drilling: Company Remains Speculative After Results – Seeking Alpha” with publication date: December 06, 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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