What Do Analysts Project for Pacific Drilling and Seadrill Partners?
After looking at analyst recommendations for seven different offshore drillers (IYE) in the previous articles, now we’ll take a look at analyst recommendations for Seadrill Partners (SDLP) and Pacific Drilling (PACD).
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Seadrill Partners’ stock has given year-to-date returns of 16%. In the last three months, the stock price has risen 34%. At the start of 2016, seven analysts gave recommendations for Seadrill Partners. Now, only two analysts cover the stock. One analyst gives the stock a “hold” recommendation, while the other gives a “strong sell” recommendation. Analysts’ consensus target price for the stock is $5.5, which implies an upside of 29%.
Pacific Drilling’s stock has a -48% year-to-date return. However, in the last three months, the stock price has risen 24%. Pacific Drilling doesn’t have a single “strong buy” or “buy” recommendation, which is similar to Seadrill Partners, Seadrill (SDRL), and Ocean Rig (ORIG).
11 analysts cover Pacific Drilling, down from 22 at the start of 2016. Out of the 11 analysts, five analysts give the company a “hold,” three analysts give it a “sell,” and the other three analysts give it a “strong sell.” The consensus target price is $2.38, which implies a 45% downside for the stock.