Stock News Summary: Seadrill Partners LLC (NYSE: SDLP)

Seadrill Partners LLC (NYSE: SDLP) spotted trading -90.89% off 52-week high price. On the other end, the stock has been noted 7.68% away from the low price over the last 52-weeks. The stock changed -3.60% to recent value of $3.59. The stock transacted 87526 shares during most recent day however it has an average volume of 27.98K shares. The company has 95.98M of outstanding shares and 49M shares were floated in the market.

Seadrill Partners LLC (NYSE: SDLP) has completed its previously announced one-for-ten reverse unit split.

Pursuant to the reverse split, every ten SDLP common units and subordinated units issued and outstanding as of July 1, 2019 (after close of market) was converted into one SDLP common unit or subordinated unit, as applicable.  Split-adjusted SDLP common units continue to trade on the New York Stock Exchange under the same ticker symbol “SDLP” and have been assigned a new CUSIP number: Y7545W 125.

No fractional units were issued in connection with the reverse split. Instead, in accordance with its limited liability company agreement, all fractional SDLP units were rounded to the nearest whole unit, with 0.5 units rounded to the next higher unit.

The reverse split reduced the number of common units issued and outstanding from 75,278,250 to approximately 7,527,825 common units, and the subordinated units from 16,543,350 to approximately 1,654,335 subordinated units.

SDLP unitholders who own their units in book-entry form or through a bank, broker or other nominee do not need to take any action in connection with the reverse split.

Unitholders who hold units with a broker, bank or other nominee and who have any questions in this regard are encouraged to contact their brokers, banks or other nominees.

Its earnings per share (EPS) expected to touch remained -60.30% for this year while earning per share for the next 5-years is expected to reach at 1.00%. SDLP has a gross margin of 70.80% and an operating margin of 35.70% while its profit margin remained 3.30% for the last 12 months.

According to the most recent quarter its current ratio was 2.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.74% from the mean of 20 days, -30.20% from mean of 50 days SMA and performed -78.67% from mean of 200 days price. Company’s performance for the week was -1.05%, -4.14% for month and YTD performance remained -79.25%.


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