Seadrill Partners LLC (NYSE:SDLP), with a trailing 12-month price-to-sales ratio of 0.03, is now among the bigger bargains in its industry. The broad Oil & Gas Drilling & Exploration industry has an average P/S ratio of 1.37, which is significantly better than the sector’s 9.72. In the past 9-year record, this ratio went down as low as 0.03 and as high as 1.94. Also, it is up from 86% of the total 56 rivals across the globe.
SDLP traded at an unexpectedly low level on 06/19/2019 when the stock experienced a -0.93% loss to a closing price of $0.34. The company saw 0.22 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 237.96 million shares a day, this signifies a pretty significant change over the norm.
We have seen a -40.61% fall in the stock price over the last 30 days and a -62.02% decline over the past 3 months. Overall, the share price is down -80.35% so far this year. Additionally, the stock had a day price range of $0.335 to $0.35.Seadrill Partners LLC (SDLP) Price Potential
In order to determine directional movement, the 50-day and 200-day moving averages for Seadrill Partners LLC (NYSE:SDLP) are $0.5262 and $1.1065. Given that liquidity is king in the short-term, SDLP is a stock with 97.71 million shares outstanding that normally trades 0.91% of its float. The stock price recently experienced a 5-day loss of -6.62% with 0.04 average true range (ATR). SDLP has a beta of 1.77 and RSI is 25.32.
Investors also need to beware of the HP Inc. (NYSE:HPQ) valuations. The stock trades on a P/S of 0.53, which suggests that the shares are attractive compared with peers. The broad Communication Equipment industry has an average P/S ratio of 0.8, which is significantly better than the sector’s 21.33. In the past 13-year record, this ratio went down as low as 0.09 and as high as 1.88. Also, it is up from 64% of the total 2318 rivals across the globe.HP Inc. (HPQ)’s Lead Over its Technicals
HP Inc. by far traveled 14.23% versus a 1-year low price of $18.06. The share price was last seen 0.54% higher, reaching at $20.63 on Jun. 19, 2019. At recent session, the prices were hovering between $20.46 and $20.77. This company shares are 13.67% off its target price of $23.45 and the current market capitalization stands at $31.2B. The recent change has given its price a 5.11% lead over SMA 50 and -23.82% deficit over its 52-week high. The stock witnessed 8.81% gains, 3.2% gains and -3.69% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HPQ’s volatility during a week at 1.53% and during a month it has been found around 2.18%.
HP Inc. (HPQ) exchanged hands at an unexpectedly high level of 8.94 million shares over the course of the day. Noting its average daily volume at 10.79 million shares each day over the month, this signifies a pretty significant change over the norm.