Barclays Maintains an 'Overweight' on Seadrill Ltd. (SDRL); Exceptional Execution and Strong Outlook

Barclays maintains an 'Overweight' on Seadrill Ltd. (NYSE: SDRL) price target of $43.00

Barclays analyst says, "One of the Most Attractive Offshore Drillers: We continue to view Seadrill as one of the most attractive offshore drillers due to the company's strong contract backlog, high quality asset base, attractive dividend yield, capital markets prowess and continued focus on growing its high spec fleet. In a market that is searching for yield, we believe Seadrill stands out as a preferred investment."

"We are raising our 2013E EPS to $4.00 (from $3.85) due to new contracts and extensions at higher dayrates, and higher floater dayrate forecasts outweighing higher interest expense assumptions."

For an analyst ratings summary and ratings history on Seadrill Ltd. click here. For more ratings news on Seadrill Ltd. click here.

Shares of Seadrill Ltd. closed at $34.32 yesterday.

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