Barclays Maintains an 'Overweight' on Seadrill Ltd. (SDRL); Ultra-Deepwater Visibility Improving
Tweet
Share
E-mailGet Alerts SDRL Hot Sheet
Price: $45.83 -3.33%
Rating Summary:
9 Buy, 12 Hold, 11 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 20 | New: 25
Rating Summary:
9 Buy, 12 Hold, 11 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 20 | New: 25
Join SI Premium – FREE
Barclays maintains an 'Overweight' on Seadrill Ltd. (NYSE: SDRL) price target of $43.00.
Barclays analyst says, "Remains a Favorite Offshore Driller: 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 reducing our 2011 - 2013 EPS estimates to $2.95 (from $3.00), $3.50 (from $3.55) and $3.85 (from $3.90) primarily reflecting lower expectations for "below the line" items including income from unconsolidated affiliates and other income...However, we have modestly increased our 2011 - 2013 EBITDA
forecasts to $2,403 million (from $2,368 million), $2,768 million (from $2,717 million) and $3,002 million (from $2,951 million)."
For more ratings news on Seadrill Ltd. click here and for the rating history of Seadrill Ltd. click here.
Shares of Seadrill Ltd. closed at $29.91 yesterday.
Barclays analyst says, "Remains a Favorite Offshore Driller: 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 reducing our 2011 - 2013 EPS estimates to $2.95 (from $3.00), $3.50 (from $3.55) and $3.85 (from $3.90) primarily reflecting lower expectations for "below the line" items including income from unconsolidated affiliates and other income...However, we have modestly increased our 2011 - 2013 EBITDA
forecasts to $2,403 million (from $2,368 million), $2,768 million (from $2,717 million) and $3,002 million (from $2,951 million)."
For more ratings news on Seadrill Ltd. click here and for the rating history of Seadrill Ltd. click here.
Shares of Seadrill Ltd. closed at $29.91 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Goldman Sachs Upgrades Plains GP Holdings, L.P (PAGP) to Neutral
- Freedom Broker Starts Carnival Corporation (CCL) at Buy
- Old Dominion Freight Line (ODFL) PT Raised to $233 at TD Cowen
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Barclays, DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
