Is Seadrill Partners LLC a Buy?

Since the oil price slump began in 2014, some prominent offshore rig operators have struggled -- including Transocean (NYSE: RIG) and Ensco (NYSE: ESV), down 76% and 89% respectively. These are the kinds of results that make investors hide under the blankets and keep their cash under the mattress. But it also may mean the industry is ripe for a turnaround.

Let's look at offshore rig operator Seadrill Partners LLC (NYSE: SDLP) to see whether it looks like a buy at these beaten-down prices.

The stock market hasn't been kind to offshore oil rig operators like Seadrill Partners. And that trend may continue. Image source: Getty Images.

Source: Fool.com