Seadrill Partners (SDLP) Set to Announce Earnings on Thursday

Seadrill Partners (NYSE:SDLP) will be announcing its earnings results before the market opens on Thursday, May 23rd.

Seadrill Partners (NYSE:SDLP) last issued its quarterly earnings data on Tuesday, February 26th. The oil and gas company reported ($0.79) earnings per share (EPS) for the quarter. Seadrill Partners had a return on equity of 2.02% and a net margin of 5.40%. The business had revenue of $219.60 million during the quarter.

Shares of SDLP stock opened at $0.61 on Thursday. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 1.07. Seadrill Partners has a 52-week low of $0.57 and a 52-week high of $3.94. The firm has a market capitalization of $46.00 million, a P/E ratio of 0.77 and a beta of 1.58.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were given a $0.01 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 6.61%.

Separately, ValuEngine downgraded Seadrill Partners from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 23rd.

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About Seadrill Partners

Seadrill Partners LLC owns, operates, and acquires offshore drilling units in the United States, Angola, Thailand, Canada, Equatorial Guinea, Nigeria, Indonesia, Ghana, and internationally. The company primarily serves various oil and gas companies. As of March 31, 2018, its fleet consisted of four semi-submersible drilling rigs, four drillships, and three tender rigs.

Further Reading: Net Margin

Earnings History for Seadrill Partners (NYSE:SDLP)

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